Panagora Asset Management Inc. Sells 132,001 Shares of J Alexanders Holdings Inc (NYSE:JAX)

Panagora Asset Management Inc. lessened its stake in J Alexanders Holdings Inc (NYSE:JAX) by 70.0% in the second quarter, HoldingsChannel reports. The firm owned 56,681 shares of the company’s stock after selling 132,001 shares during the period. Panagora Asset Management Inc.’s holdings in J Alexanders were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of J Alexanders by 14.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 602,277 shares of the company’s stock worth $4,957,000 after buying an additional 75,253 shares during the last quarter. Bank of America Corp DE increased its stake in J Alexanders by 38.1% in the 4th quarter. Bank of America Corp DE now owns 187,427 shares of the company’s stock worth $1,542,000 after purchasing an additional 51,728 shares in the last quarter. Russell Investments Group Ltd. increased its stake in J Alexanders by 11.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 433,011 shares of the company’s stock worth $4,860,000 after purchasing an additional 45,478 shares in the last quarter. Raymond James & Associates increased its stake in J Alexanders by 14.7% in the 1st quarter. Raymond James & Associates now owns 325,824 shares of the company’s stock worth $3,200,000 after purchasing an additional 41,756 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in J Alexanders by 2.9% during the 1st quarter. River Road Asset Management LLC now owns 956,506 shares of the company’s stock valued at $9,393,000 after acquiring an additional 26,955 shares in the last quarter. 73.37% of the stock is owned by institutional investors and hedge funds.

Shares of JAX stock traded down $0.14 during trading hours on Friday, reaching $11.32. 2,621 shares of the company’s stock were exchanged, compared to its average volume of 47,367. The stock has a market capitalization of $169.14 million, a P/E ratio of 18.78 and a beta of 0.77. The company has a quick ratio of 0.46, a current ratio of 0.55 and a debt-to-equity ratio of 0.64. J Alexanders Holdings Inc has a fifty-two week low of $7.70 and a fifty-two week high of $13.40. The business has a fifty day moving average price of $11.02 and a 200-day moving average price of $10.45.

J Alexanders (NYSE:JAX) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $62.23 million during the quarter. J Alexanders had a net margin of 2.56% and a return on equity of 8.42%. As a group, research analysts expect that J Alexanders Holdings Inc will post 0.7 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered J Alexanders from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

J Alexanders Company 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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