Pacific Heights Asset Management Lowers stake in Janus Capital Group Inc (JNS)

Janus Capital Group Inc (JNS) : Pacific Heights Asset Management reduced its stake in Janus Capital Group Inc by 0.28% during the most recent quarter end. The investment management company now holds a total of 3,550,000 shares of Janus Capital Group Inc which is valued at $50.2 Million after selling 10,000 shares in Janus Capital Group Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Janus Capital Group Inc makes up approximately 4.78% of Pacific Heights Asset Management’s portfolio.

Other Hedge Funds, Including , Contrarius Investment Management Ltd reduced its stake in JNS by selling 80,906 shares or 58.22% in the most recent quarter. The Hedge Fund company now holds 58,063 shares of JNS which is valued at $820,430. Janus Capital Group Inc makes up approx 0.07% of Contrarius Investment Management Ltd’s portfolio.Mutual Of America Capital Management boosted its stake in JNS in the latest quarter, The investment management firm added 4,756 additional shares and now holds a total of 287,278 shares of Janus Capital Group Inc which is valued at $4.1 Million. Janus Capital Group Inc makes up approx 0.09% of Mutual Of America Capital Management’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in JNS by selling 16,063 shares or 37.96% in the most recent quarter. The Hedge Fund company now holds 26,252 shares of JNS which is valued at $370,941. Janus Capital Group Inc makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Alerus Investment Advisors Corp added JNS to its portfolio by purchasing 88 company shares during the most recent quarter which is valued at $1,262.Ramsey Quantitative Systems boosted its stake in JNS in the latest quarter, The investment management firm added 2,106 additional shares and now holds a total of 40,608 shares of Janus Capital Group Inc which is valued at $582,319. Janus Capital Group Inc makes up approx 0.60% of Ramsey Quantitative Systems’s portfolio.

Janus Capital Group Inc opened for trading at $14.16 and hit $14.375 on the upside on Monday, eventually ending the session at $14.26, with a gain of 0.92% or 0.13 points. The heightened volatility saw the trading volume jump to 14,20,097 shares. Company has a market cap of $2,633 M.

On the company’s financial health, Janus Capital Group Inc reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.20. The company had revenue of $248.50 million for the quarter, compared to analysts expectations of $254.84 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Janus Capital Group Inc. Janus Capital Group Inc was Downgraded by Wells Fargo to ” Market Perform” on May 12, 2016.

Janus Capital Group Inc. provides investment management administration distribution and related services to financial advisors individuals and institutional clients through mutual funds other pooled investment vehicles separate accounts and subadvised relationships (collectively referred to as investment products) in both domestic and international markets. The Company provides investment management solutions across a range of disciplines including fundamental United States and global equities (growth and value) mathematical equities fixed income and alternatives through its subsidiaries Janus Capital Management LLC (Janus) VelocityShares LLC INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins).

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