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

Panagora Asset Management Inc. trimmed its position in shares of J Alexanders Holdings Inc (NYSE:JAX) by 70.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,681 shares of the company’s stock after selling 132,001 shares during the period. Panagora Asset Management Inc. owned about 0.39% of J Alexanders worth $637,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in J Alexanders by 11.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 433,011 shares of the company’s stock valued at $4,860,000 after buying an additional 45,478 shares in the last quarter. Wells Fargo & Company MN increased its holdings in J Alexanders by 118.8% during the 2nd quarter. Wells Fargo & Company MN now owns 48,827 shares of the company’s stock worth $548,000 after purchasing an additional 26,516 shares in the last quarter. Raymond James Trust N.A. increased its holdings in J Alexanders by 8.6% during the 2nd quarter. Raymond James Trust N.A. now owns 12,610 shares of the company’s stock worth $141,000 after purchasing an additional 1,000 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of J Alexanders in the second quarter valued at approximately $236,000. Finally, Marshall Wace LLP grew its holdings in shares of J Alexanders by 1,999.1% in the first quarter. Marshall Wace LLP now owns 9,341 shares of the company’s stock valued at $92,000 after acquiring an additional 8,896 shares in the last quarter. Institutional investors own 73.37% of the company’s stock.

Shares of JAX stock traded down $0.14 during trading on Friday, hitting $11.32. The company’s stock had a trading volume of 2,621 shares, compared to its average volume of 47,367. The company has a market cap of $169.14 million, a PE ratio of 18.78 and a beta of 0.77. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $11.02 and a 200-day moving average of $10.45. J Alexanders Holdings Inc has a 52 week low of $7.70 and a 52 week high of $13.40.



J Alexanders (NYSE:JAX) last released its earnings results on Friday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business 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 predict that J Alexanders Holdings Inc will post 0.7 EPS for the current 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 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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