Janus International Group, Inc. (NYSE:JBI) Short Interest Up 6.5% in September

Janus International Group, Inc. (NYSE:JBI) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 22,290,000 shares, an increase of 6.5% from the September 15th total of 20,930,000 shares. Currently, 16.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,480,000 shares, the short-interest ratio is currently 9.0 days.

Insider Buying and Selling

In related news, insider Peter Frayser sold 15,000 shares of the firm’s 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 $3,267,075. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.94% of the stock is owned by corporate insiders.

Institutional Trading of Janus International Group

Hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in shares of Janus International Group in the second quarter valued at approximately $60,000. Amalgamated Bank lifted its position in Janus International Group by 73.2% in the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after acquiring an additional 2,074 shares in the last quarter. Quarry LP boosted its stake in Janus International Group by 216.4% in the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after purchasing an additional 4,464 shares during the period. Comerica Bank increased its holdings in Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after purchasing an additional 2,962 shares in the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Janus International Group in the 2nd quarter valued at about $126,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBI has been the subject of several recent research reports. Jefferies Financial Group dropped their price objective on Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. UBS Group reduced their price objective on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. KeyCorp dropped their target price on shares of Janus International Group from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday. Benchmark reduced their price target on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.75.

Janus International Group Price Performance

Shares of JBI stock opened at $10.41 on Thursday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.96 and a beta of 0.88. Janus International Group has a 12-month low of $9.16 and a 12-month high of $15.86. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of $10.32 and a 200-day moving average of $12.56.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. The business had revenue of $248.40 million for the quarter, compared to analyst estimates of $287.42 million. On average, equities research analysts forecast that Janus International Group will post 0.84 earnings per share for the current year.

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.