Alpine Group USVI LLC Makes New $234,000 Investment in J Alexanders Holdings Inc (NYSE:JAX)

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Alpine Group USVI LLC purchased a new position in J Alexanders Holdings Inc (NYSE:JAX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Barings LLC boosted its holdings in J Alexanders by 26.1% in the second quarter. Barings LLC now owns 14,500 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in J Alexanders in the second quarter worth about $113,000. Marshall Wace LLP boosted its holdings in J Alexanders by 218.2% in the second quarter. Marshall Wace LLP now owns 29,723 shares of the company’s stock worth $334,000 after acquiring an additional 20,382 shares in the last quarter. Man Group plc boosted its holdings in J Alexanders by 62.9% in the second quarter. Man Group plc now owns 299,226 shares of the company’s stock worth $3,360,000 after acquiring an additional 115,538 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in J Alexanders by 0.7% in the second quarter. Vanguard Group Inc. now owns 652,798 shares of the company’s stock worth $7,331,000 after acquiring an additional 4,522 shares in the last quarter. 70.06% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded J Alexanders from a “sell” rating to a “hold” rating in a research note on Friday, October 4th.

Shares of NYSE:JAX traded down $0.04 during trading on Friday, hitting $10.31. The stock had a trading volume of 5,254 shares, compared to its average volume of 166,599. J Alexanders Holdings Inc has a 12-month low of $7.70 and a 12-month high of $12.01. The stock has a market capitalization of $160.91 million, a price-to-earnings ratio of 17.27 and a beta of 0.71. The company has a quick ratio of 0.46, a current ratio of 0.55 and a debt-to-equity ratio of 0.64. The stock has a 50-day simple moving average of $11.56 and a two-hundred day simple moving average of $10.96.

J Alexanders (NYSE:JAX) last announced its quarterly earnings data 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). J Alexanders had a return on equity of 8.42% and a net margin of 2.56%. The firm had revenue of $62.23 million during the quarter. As a group, sell-side analysts forecast that J Alexanders Holdings Inc will post 0.6 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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