William Blair Investment Management LLC Sells 860,019 Shares of Janus International Group, Inc. $JBI

William Blair Investment Management LLC cut its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 23.6% in the third quarter, HoldingsChannel reports. The fund owned 2,777,240 shares of the company’s stock after selling 860,019 shares during the period. William Blair Investment Management LLC’s holdings in Janus International Group were worth $27,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBI. Ameriprise Financial Inc. lifted its holdings in Janus International Group by 10.2% during the second quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock valued at $33,402,000 after purchasing an additional 381,462 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Janus International Group by 7.2% during the 2nd quarter. Wasatch Advisors LP now owns 3,826,628 shares of the company’s stock valued at $31,149,000 after purchasing an additional 256,333 shares during the period. Geode Capital Management LLC lifted its stake in shares of Janus International Group by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock valued at $26,355,000 after buying an additional 18,704 shares in the last quarter. Boston Partners boosted its holdings in Janus International Group by 20.4% in the 2nd quarter. Boston Partners now owns 2,660,527 shares of the company’s stock worth $21,978,000 after buying an additional 450,566 shares during the period. Finally, Invesco Ltd. increased its stake in Janus International Group by 35.8% in the 2nd quarter. Invesco Ltd. now owns 2,296,001 shares of the company’s stock worth $18,689,000 after buying an additional 605,262 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Janus International Group Stock Performance

Shares of NYSE:JBI opened at $6.83 on Tuesday. The firm’s 50 day simple moving average is $6.95 and its 200-day simple moving average is $8.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03. Janus International Group, Inc. has a one year low of $5.72 and a one year high of $10.80. The firm has a market cap of $947.48 million, a PE ratio of 20.07 and a beta of 1.49.

Janus International Group 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.