Maverick Capital Ltd. Makes New $515,000 Investment in Janus International Group, Inc. $JBI

Maverick Capital Ltd. bought a new stake in Janus International Group, Inc. (NYSE:JBI) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 99,996 shares of the company’s stock, valued at approximately $515,000. Maverick Capital Ltd. owned about 0.07% of Janus International Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Janus International Group by 23.6% in the 1st quarter. Royal Bank of Canada now owns 150,581 shares of the company’s stock worth $1,084,000 after acquiring an additional 28,709 shares during the period. AQR Capital Management LLC lifted its position in Janus International Group by 66.4% in the 1st quarter. AQR Capital Management LLC now owns 272,602 shares of the company’s stock valued at $1,963,000 after purchasing an additional 108,809 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Janus International Group during the 1st quarter valued at about $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Janus International Group by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,787 shares of the company’s stock valued at $2,014,000 after purchasing an additional 14,125 shares during the period. Finally, Jane Street Group LLC grew its position in Janus International Group by 118.1% in the 1st quarter. Jane Street Group LLC now owns 189,655 shares of the company’s stock worth $1,366,000 after purchasing an additional 102,679 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JBI. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research note on Wednesday, June 24th. Wall Street Zen downgraded Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, UBS Group decreased their price objective on Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.33.

Janus International Group Stock Performance

JBI stock opened at $5.14 on Thursday. The company has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $5.75. The company has a market capitalization of $714.43 million, a P/E ratio of 16.60 and a beta of 1.46. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 0.96. Janus International Group, Inc. has a fifty-two week low of $4.26 and a fifty-two week high of $10.80.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, May 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a net margin of 4.82% and a return on equity of 12.18%. The company had revenue of $222.70 million for the quarter, compared to analyst estimates of $219.21 million. During the same period in the previous year, the business posted $0.13 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that Janus International Group, Inc. will post 0.5 earnings per share for the current fiscal year.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.