Janus International Group (NYSE:JBI) Sees Unusually-High Trading Volume – Here’s What Happened

Janus International Group, Inc. (NYSE:JBI) saw unusually-high trading volume on Friday . Approximately 495,896 shares traded hands during trading, a decline of 50% from the previous session’s volume of 983,886 shares.The stock last traded at $7.46 and had previously closed at $7.39.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group dropped their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. KeyCorp dropped their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lowered Janus International Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.25.

Janus International Group Stock Down 0.4 %

The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The company has a market cap of $1.04 billion, a PE ratio of 10.22 and a beta of 0.91. The business’s 50 day moving average is $7.56 and its 200-day moving average is $10.11.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. Janus International Group’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. As a group, analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Janus International Group by 47.8% during the third quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock worth $44,144,000 after purchasing an additional 1,411,802 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Janus International Group by 2,063.3% during the second quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock worth $16,915,000 after purchasing an additional 1,277,377 shares in the last quarter. Wasatch Advisors LP raised its holdings in Janus International Group by 30.0% during the third quarter. Wasatch Advisors LP now owns 4,690,089 shares of the company’s stock worth $47,417,000 after purchasing an additional 1,081,828 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Janus International Group by 403.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,075,180 shares of the company’s stock worth $10,870,000 after buying an additional 861,670 shares during the last quarter. Finally, River Road Asset Management LLC acquired a new position in shares of Janus International Group in the 3rd quarter valued at $8,256,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Company 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.