Hotchkis & Wiley Capital Management LLC Has $10.87 Million Stock Holdings in Janus International Group, Inc. (NYSE:JBI)

Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 403.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,075,180 shares of the company’s stock after purchasing an additional 861,670 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Janus International Group were worth $10,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Holocene Advisors LP acquired a new stake in shares of Janus International Group during the third quarter worth $125,000. Paloma Partners Management Co purchased a new position in shares of Janus International Group during the third quarter valued at $143,000. Wasatch Advisors LP grew its holdings in shares of Janus International Group by 30.0% during the third quarter. Wasatch Advisors LP now owns 4,690,089 shares of the company’s stock valued at $47,417,000 after buying an additional 1,081,828 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Janus International Group by 146.2% during the third quarter. Verition Fund Management LLC now owns 53,800 shares of the company’s stock valued at $544,000 after buying an additional 31,951 shares in the last quarter. Finally, Corsair Capital Management L.P. grew its holdings in shares of Janus International Group by 2.0% during the third quarter. Corsair Capital Management L.P. now owns 576,182 shares of the company’s stock valued at $5,825,000 after buying an additional 11,426 shares in the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBI has been the topic of a number of research analyst reports. KeyCorp lowered their price target on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. 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. UBS Group lowered their target price on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $12.00 to $7.50 in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.25.

Janus International Group Trading Up 2.5 %

Janus International Group stock opened at $7.74 on Wednesday. Janus International Group, Inc. has a 12 month low of $6.68 and a 12 month high of $15.86. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 10.75 and a beta of 0.91. The business has a 50 day moving average price of $8.68 and a two-hundred day moving average price of $11.06. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11.

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

About Janus International Group

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.