Olstein Capital Management Lowers stake in Janus Capital Group Inc (JNS)

Janus Capital Group Inc (JNS) : Olstein Capital Management reduced its stake in Janus Capital Group Inc by 5.25% during the most recent quarter end. The investment management company now holds a total of 978,420 shares of Janus Capital Group Inc which is valued at $14,392,558 after selling 54,180 shares in Janus Capital Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Janus Capital Group Inc makes up approximately 1.84% of Olstein Capital Management’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management sold out all of its stake in JNS during the most recent quarter. The investment firm sold 1,700 shares of JNS which is valued $25,007.Donald L. Hagan boosted its stake in JNS in the latest quarter, The investment management firm added 961 additional shares and now holds a total of 46,459 shares of Janus Capital Group Inc which is valued at $688,522. Janus Capital Group Inc makes up approx 0.65% of Donald L. Hagan’s portfolio.North Star Investment Management Corp. reduced its stake in JNS by selling 2,486 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 148,638 shares of JNS which is valued at $2,210,247. Janus Capital Group Inc makes up approx 0.40% of North Star Investment Management Corp.’s portfolio.Fisher Asset Management boosted its stake in JNS in the latest quarter, The investment management firm added 105,890 additional shares and now holds a total of 4,182,839 shares of Janus Capital Group Inc which is valued at $62,198,816. Janus Capital Group Inc makes up approx 0.12% of Fisher Asset Management’s portfolio.

Janus Capital Group Inc closed down -0.01 points or -0.07% at $14.54 with 7,35,487 shares getting traded on Wednesday. Post opening the session at $14.55, the shares hit an intraday low of $14.47 and an intraday high of $14.61 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Janus Capital Group Inc reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.22. The company had revenue of $251.90 million for the quarter, compared to analysts expectations of $254.73 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 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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