BNP Paribas Arbitrage SA Buys 2,323 Shares of J Alexanders Holdings Inc (NYSE:JAX)

BNP Paribas Arbitrage SA increased its holdings in shares of J Alexanders Holdings Inc (NYSE:JAX) by 580.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,723 shares of the company’s stock after acquiring an additional 2,323 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in J Alexanders were worth $27,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Brandywine Global Investment Management LLC acquired a new stake in J Alexanders during the 4th quarter worth approximately $64,000. Coatue Management LLC acquired a new stake in J Alexanders during the 4th quarter worth approximately $101,000. Raymond James Trust N.A. acquired a new stake in J Alexanders during the 1st quarter worth approximately $114,000. Prudential Financial Inc. acquired a new stake in J Alexanders during the 4th quarter worth approximately $137,000. Finally, Rhumbline Advisers boosted its position in J Alexanders by 42.4% during the 4th quarter. Rhumbline Advisers now owns 18,550 shares of the company’s stock worth $153,000 after buying an additional 5,523 shares during the period. 74.09% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of J Alexanders from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th.

NYSE:JAX traded up $0.27 during mid-day trading on Friday, hitting $10.68. 21,084 shares of the company’s stock were exchanged, compared to its average volume of 29,675. The company has a market cap of $156.94 million, a price-to-earnings ratio of 17.80 and a beta of 0.77. J Alexanders Holdings Inc has a fifty-two week low of $7.70 and a fifty-two week high of $13.40. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.48 and a quick ratio of 0.39. The stock’s 50 day moving average is $10.61.

J Alexanders (NYSE:JAX) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $64.73 million for the quarter. J Alexanders had a net margin of 2.55% and a return on equity of 8.53%. On average, analysts forecast that J Alexanders Holdings Inc will post 0.7 earnings per share for the current year.

J Alexanders Profile

J. Alexander's Holdings, Inc, through its subsidiaries, owns and operates complementary upscale dining restaurants in the United States. It operates restaurants under various concepts, including J. Alexander's, Redlands Grill, Lyndhurst Grill, Overland Park Grill, and River Steakhouse and Grill.

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Institutional Ownership by Quarter for J Alexanders (NYSE:JAX)

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