Interval Partners LP Sells 776,937 Shares of Janus International Group, Inc. (NYSE:JBI)

Interval Partners LP cut its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 89.1% during the first quarter, HoldingsChannel.com reports. The fund owned 95,456 shares of the company’s stock after selling 776,937 shares during the quarter. Interval Partners LP’s holdings in Janus International Group were worth $1,444,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC increased its position in shares of Janus International Group by 2.8% during the first quarter. Janus Henderson Group PLC now owns 2,947,508 shares of the company’s stock worth $44,595,000 after acquiring an additional 80,362 shares during the period. Bwcp LP grew its holdings in Janus International Group by 57.7% in the first quarter. Bwcp LP now owns 618,108 shares of the company’s stock worth $9,352,000 after purchasing an additional 226,165 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in Janus International Group in the first quarter worth $44,026,000. Aristides Capital LLC purchased a new position in Janus International Group in the first quarter worth $249,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Janus International Group by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock worth $368,000 after buying an additional 2,799 shares during the period. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on JBI shares. Jefferies Financial Group assumed coverage on shares of Janus International Group in a research note on Monday, April 15th. They set a “buy” rating and a $20.00 price objective for the company. Benchmark restated a “buy” rating and set a $21.00 target price on shares of Janus International Group in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.88.

Janus International Group Stock Performance

JBI traded down $0.28 on Wednesday, reaching $14.77. The stock had a trading volume of 1,125,401 shares, compared to its average volume of 1,703,866. Janus International Group, Inc. has a 12-month low of $9.16 and a 12-month high of $15.86. The company has a current ratio of 2.95, a quick ratio of 2.63 and a debt-to-equity ratio of 1.13. The business’s 50-day moving average price is $13.36 and its two-hundred day moving average price is $14.13. The company has a market cap of $2.16 billion, a P/E ratio of 15.56 and a beta of 0.91.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The company had revenue of $254.50 million during the quarter, compared to analysts’ expectations of $252.90 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Janus International Group, Inc. will post 1.03 earnings per share for the current year.

Insider Buying and Selling at Janus International Group

In other news, insider Peter Frayser sold 15,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.94% of the stock is owned by corporate 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.