Janus International Group, Inc. (NYSE:JBI) Shares Sold by ClariVest Asset Management LLC

ClariVest Asset Management LLC cut its holdings in Janus International Group, Inc. (NYSE:JBI) by 61.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,355 shares of the company’s stock after selling 115,588 shares during the quarter. ClariVest Asset Management LLC owned about 0.05% of Janus International Group worth $926,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new position in Janus International Group in the 4th quarter valued at about $35,000. Comerica Bank raised its stake in shares of Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after purchasing an additional 2,962 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Janus International Group during the first quarter worth $173,000. Saxon Interests Inc. purchased a new position in Janus International Group in the 1st quarter valued at $189,000. Finally, ProShare Advisors LLC grew its position in Janus International Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock valued at $231,000 after buying an additional 1,201 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBI. UBS Group reduced their target price on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Benchmark dropped their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group decreased their price target on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, KeyCorp cut their price objective on Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Janus International Group has a consensus rating of “Moderate Buy” and an average price target of $13.25.

Janus International Group Stock Performance

JBI opened at $9.73 on Thursday. The stock’s 50 day simple moving average is $12.01 and its 200 day simple moving average is $13.39. The stock has a market cap of $1.42 billion, a P/E ratio of 10.24 and a beta of 0.89. Janus International Group, Inc. has a 1-year low of $9.16 and a 1-year high of $15.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. The firm had revenue of $248.40 million during the quarter, compared to analysts’ expectations of $287.42 million. As a group, equities analysts anticipate that Janus International Group, Inc. will post 0.86 EPS for the current fiscal year.

Insider Transactions at Janus International Group

In related news, insider Peter Frayser sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the sale, the insider now owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.94% of the company’s stock.

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.