Royce & Associates LP Trims Holdings in Janus International Group, Inc. $JBI

Royce & Associates LP lowered its holdings in Janus International Group, Inc. (NYSE:JBI) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,312,540 shares of the company’s stock after selling 364,143 shares during the quarter. Royce & Associates LP owned approximately 1.67% of Janus International Group worth $22,825,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Artisan Partners Limited Partnership bought a new stake in Janus International Group in the third quarter valued at $196,000. Fox Run Management L.L.C. bought a new position in Janus International Group in the third quarter worth about $293,000. Villanova Investment Management Co LLC lifted its holdings in Janus International Group by 24.5% in the third quarter. Villanova Investment Management Co LLC now owns 141,970 shares of the company’s stock worth $1,401,000 after buying an additional 27,896 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Janus International Group in the third quarter worth about $6,813,000. Finally, Isthmus Partners LLC boosted its position in Janus International Group by 4.3% during the 3rd quarter. Isthmus Partners LLC now owns 337,843 shares of the company’s stock valued at $3,335,000 after acquiring an additional 14,037 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JBI. Zacks Research upgraded Janus International Group to a “hold” rating in a research note on Monday, December 15th. UBS Group reduced their target price on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Janus International Group currently has an average rating of “Hold” and a consensus target price of $10.17.

Janus International Group Price Performance

Shares of JBI opened at $6.96 on Monday. Janus International Group, Inc. has a twelve month low of $5.72 and a twelve month high of $10.80. The company has a market capitalization of $965.49 million, a P/E ratio of 20.46 and a beta of 1.47. The firm has a 50 day moving average of $6.95 and a 200 day moving average of $8.12. The company has a quick ratio of 2.57, a current ratio of 3.03 and a debt-to-equity ratio of 0.96.

Janus International Group Company Profile

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.