American Century Companies Inc. Sells 3,209,443 Shares of Janus International Group, Inc. $JBI

American Century Companies Inc. trimmed its position in shares of Janus International Group, Inc. (NYSE:JBI) by 88.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 424,241 shares of the company’s stock after selling 3,209,443 shares during the quarter. American Century Companies Inc.’s holdings in Janus International Group were worth $3,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in JBI. Geode Capital Management LLC increased its holdings in Janus International Group by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock worth $26,355,000 after acquiring an additional 18,704 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Janus International Group by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 3,195,694 shares of the company’s stock worth $26,109,000 after purchasing an additional 40,201 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Janus International Group by 5.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,145,119 shares of the company’s stock valued at $27,551,000 after purchasing an additional 174,891 shares during the period. Boston Partners lifted its stake in shares of Janus International Group by 20.4% during the 2nd quarter. Boston Partners now owns 2,660,527 shares of the company’s stock valued at $21,978,000 after buying an additional 450,566 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Janus International Group by 6.1% in the 1st quarter. Invesco Ltd. now owns 1,690,739 shares of the company’s stock worth $12,173,000 after buying an additional 96,851 shares during the period. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on JBI shares. Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group lifted their price target on Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Wednesday, August 20th. UBS Group cut their target price on Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Janus International Group currently has a consensus rating of “Hold” and a consensus price target of $10.17.

Janus International Group Price Performance

NYSE:JBI opened at $6.12 on Tuesday. Janus International Group, Inc. has a 52-week low of $5.72 and a 52-week high of $10.80. The stock has a fifty day moving average of $8.15 and a 200 day moving average of $8.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03. The firm has a market capitalization of $848.88 million, a price-to-earnings ratio of 17.99 and a beta of 1.45.

Janus International Group (NYSE:JBI) last announced its earnings results on Monday, March 28th. The company reported $0.24 earnings per share for the quarter. The business had revenue of $148.59 million for the quarter. Janus International Group had a return on equity of 14.18% and a net margin of 5.29%. On average, research analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

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.