Corsair Capital Management L.P. Purchases 11,426 Shares of Janus International Group, Inc. (NYSE:JBI)

Corsair Capital Management L.P. raised its position in Janus International Group, Inc. (NYSE:JBI) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 576,182 shares of the company’s stock after buying an additional 11,426 shares during the quarter. Janus International Group comprises about 1.4% of Corsair Capital Management L.P.’s portfolio, making the stock its 19th largest position. Corsair Capital Management L.P. owned about 0.41% of Janus International Group worth $5,825,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JBI. Vanguard Group Inc. increased 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 valued at $203,554,000 after buying an additional 1,817,144 shares during the period. Quadrature Capital Ltd acquired a new position in Janus International Group during the 1st quarter worth approximately $384,000. Price T Rowe Associates Inc. MD increased its position in Janus International Group by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock worth $368,000 after purchasing an additional 2,799 shares in the last quarter. Janus Henderson Group PLC increased its position in Janus International Group by 2.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,947,508 shares of the company’s stock worth $44,595,000 after purchasing an additional 80,362 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Janus International Group by 13.0% during the 1st quarter. California State Teachers Retirement System now owns 133,986 shares of the company’s stock worth $2,027,000 after purchasing an additional 15,399 shares in the last quarter. 88.78% of the stock is owned by institutional investors.

Janus International Group Trading Down 2.4 %

Shares of NYSE JBI opened at $7.37 on Wednesday. The firm has a 50 day moving average price of $8.95 and a two-hundred day moving average price of $11.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a 52-week low of $6.68 and a 52-week high of $15.86. The stock has a market cap of $1.04 billion, a P/E ratio of 10.24 and a beta of 0.92.

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

Analyst Ratings Changes

JBI has been the subject of a number of research analyst reports. UBS Group lowered their price objective on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Benchmark lowered their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. KeyCorp decreased 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 report on Wednesday, October 30th. Finally, Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.25.

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.