Geode Capital Management LLC Raises Holdings in Janus International Group, Inc. (NYSE:JBI)

Geode Capital Management LLC increased its position in shares of Janus International Group, Inc. (NYSE:JBI) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,232,960 shares of the company’s stock after purchasing an additional 17,750 shares during the period. Geode Capital Management LLC’s holdings in Janus International Group were worth $23,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in JBI. US Bancorp DE grew its stake in Janus International Group by 108.8% in the fourth quarter. US Bancorp DE now owns 5,601 shares of the company’s stock valued at $41,000 after purchasing an additional 2,918 shares during the last quarter. KBC Group NV grew its position in shares of Janus International Group by 102.9% in the 4th quarter. KBC Group NV now owns 8,867 shares of the company’s stock worth $65,000 after buying an additional 4,496 shares during the last quarter. Xponance Inc. bought a new position in shares of Janus International Group during the 4th quarter worth approximately $74,000. Entropy Technologies LP purchased a new stake in Janus International Group during the fourth quarter valued at approximately $76,000. Finally, Cibc World Markets Corp acquired a new stake in Janus International Group in the fourth quarter valued at approximately $98,000. 88.78% of the stock is currently owned by institutional investors.

Janus International Group Price Performance

Shares of NYSE JBI opened at $6.40 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The firm has a fifty day moving average of $7.59 and a 200 day moving average of $7.90. The firm has a market cap of $897.29 million, a PE ratio of 8.88 and a beta of 1.09. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $15.35.

Wall Street Analyst Weigh In

Separately, KeyCorp reduced their target price on Janus International Group from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.75.

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.