Janus International Group, Inc. (NYSE:JBI) Short Interest Update

Janus International Group, Inc. (NYSE:JBI) saw 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. Based on an average trading volume of 2,480,000 shares, the days-to-cover ratio is currently 9.0 days. Approximately 16.0% of the shares of the company are short sold.

Janus International Group Trading Down 1.6 %

Janus International Group stock opened at $10.24 on Friday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 10.78 and a beta of 0.88. Janus International Group has a 1 year low of $9.16 and a 1 year high of $15.86. The firm’s 50 day moving average price is $10.32 and its two-hundred day moving average price is $12.54. 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 (NYSE:JBI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The company had revenue of $248.40 million during the quarter, compared to analyst estimates of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. On average, research analysts predict that Janus International Group will post 0.84 EPS for the current fiscal year.

Insider Transactions at Janus International Group

In other news, insider Peter Frayser sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the insider now directly owns 217,805 shares in the company, valued at approximately $3,267,075. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.94% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JBI. Entropy Technologies LP grew its position in Janus International Group by 4.5% during the 1st quarter. Entropy Technologies LP now owns 21,126 shares of the company’s stock worth $320,000 after purchasing an additional 901 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in Janus International Group by 4.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock valued at $293,000 after acquiring an additional 990 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Janus International Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock valued at $231,000 after purchasing an additional 1,201 shares during the period. Amalgamated Bank lifted its position in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Janus International Group by 2.3% in the first quarter. Los Angeles Capital Management LLC now owns 101,029 shares of the company’s stock worth $1,529,000 after purchasing an additional 2,260 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on JBI shares. KeyCorp lowered their price target 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. Jefferies Financial Group dropped their price target on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Benchmark lowered their price target on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Finally, UBS Group lowered their target price 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.75.

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.