Deerfield Management Company L.P. Series C Grows Holdings in Janus International Group, Inc. (NYSE:JBI)

Deerfield Management Company L.P. Series C lifted its position in shares of Janus International Group, Inc. (NYSE:JBI) by 41.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,179 shares of the company’s stock after acquiring an additional 7,640 shares during the quarter. Deerfield Management Company L.P. Series C’s holdings in Janus International Group were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Janus International Group by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock worth $203,554,000 after purchasing an additional 1,817,144 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of Janus International Group by 15.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,036,730 shares of the company’s stock valued at $76,243,000 after buying an additional 788,000 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Janus International Group by 33.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock valued at $48,319,000 after buying an additional 966,346 shares in the last quarter. Wasatch Advisors LP grew its stake in Janus International Group by 16.1% in the 4th quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock valued at $46,336,000 after acquiring an additional 493,417 shares during the period. Finally, DAVENPORT & Co LLC increased its holdings in Janus International Group by 11.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock worth $49,130,000 after acquiring an additional 345,448 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JBI. Jefferies Financial Group dropped their target price on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Benchmark reduced their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. UBS Group dropped their price target on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, KeyCorp reduced their price objective on Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.25.

Janus International Group Price Performance

NYSE:JBI opened at $10.27 on Friday. The stock has a 50 day moving average price of $11.32 and a 200 day moving average price of $13.02. The stock has a market cap of $1.49 billion, a PE ratio of 10.81 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. Janus International Group, Inc. has a one year low of $9.16 and a one year high of $15.86.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.07). The company had revenue of $248.40 million for the quarter, compared to analysts’ expectations of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. Equities research analysts expect that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Peter Frayser sold 15,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the sale, the insider now owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.94% of the stock is owned by insiders.

Janus International Group Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.