BlackRock Inc. decreased its position in J Alexanders Holdings Inc (NYSE:JAX) by 4.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 932,174 shares of the company’s stock after selling 40,308 shares during the period. BlackRock Inc. owned 0.06% of J Alexanders worth $10,394,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of J Alexanders by 28.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 391,857 shares of the company’s stock valued at $4,487,000 after acquiring an additional 87,249 shares during the period. Algert Global LLC grew its position in shares of J Alexanders by 73.8% during the 2nd quarter. Algert Global LLC now owns 154,266 shares of the company’s stock valued at $1,720,000 after acquiring an additional 65,490 shares during the period. Acadian Asset Management LLC grew its position in shares of J Alexanders by 203.9% during the 2nd quarter. Acadian Asset Management LLC now owns 98,659 shares of the company’s stock valued at $1,098,000 after acquiring an additional 66,197 shares during the period. Millennium Management LLC grew its position in shares of J Alexanders by 105.9% during the 1st quarter. Millennium Management LLC now owns 82,687 shares of the company’s stock valued at $947,000 after acquiring an additional 42,520 shares during the period. Finally, Harbor Advisors LLC bought a new position in shares of J Alexanders during the 2nd quarter valued at approximately $402,000. 70.86% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised shares of J Alexanders from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Friday, September 7th.
J Alexanders stock opened at $11.20 on Friday. J Alexanders Holdings Inc has a twelve month low of $8.70 and a twelve month high of $13.40. The company has a market cap of $164.58 million, a PE ratio of 21.13 and a beta of 0.28. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.07.
J Alexanders (NYSE:JAX) last released its earnings results on Thursday, August 9th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. J Alexanders had a net margin of 3.43% and a return on equity of 7.50%. The firm had revenue of $60.42 million during the quarter. On average, equities analysts expect that J Alexanders Holdings Inc will post 0.55 EPS for the current fiscal year.
J Alexanders Company Profile
J. Alexander's Holdings, Inc, through its subsidiaries, owns and operates full service restaurants in the United States. It operates four complementary upscale dining restaurant concepts, including J. Alexander's, Redlands Grill, Lyndhurst Grill, and Stoney River Steakhouse and Grill (Stoney River).
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