Two Sigma Investments LP reduced its position in shares of J Alexanders Holdings Inc (NYSE:JAX) by 22.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,335 shares of the company’s stock after selling 10,738 shares during the quarter. Two Sigma Investments LP’s holdings in J Alexanders were worth $299,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in J Alexanders by 24.1% during the 4th quarter. BlackRock Inc. now owns 1,390,914 shares of the company’s stock valued at $11,449,000 after purchasing an additional 269,794 shares during the period. Dimensional Fund Advisors LP increased its position in J Alexanders by 14.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 602,277 shares of the company’s stock valued at $4,957,000 after purchasing an additional 75,253 shares during the period. Renaissance Technologies LLC increased its position in J Alexanders by 11.2% during the 3rd quarter. Renaissance Technologies LLC now owns 278,200 shares of the company’s stock valued at $3,311,000 after purchasing an additional 28,000 shares during the period. Northern Trust Corp increased its position in J Alexanders by 4.5% during the 4th quarter. Northern Trust Corp now owns 146,248 shares of the company’s stock valued at $1,204,000 after purchasing an additional 6,318 shares during the period. Finally, Acadian Asset Management LLC increased its position in J Alexanders by 41.7% during the 4th quarter. Acadian Asset Management LLC now owns 137,765 shares of the company’s stock valued at $1,133,000 after purchasing an additional 40,515 shares during the period. Institutional investors own 73.38% of the company’s stock.

Shares of J Alexanders stock opened at $11.02 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.05. The firm has a market cap of $161.88 million, a price-to-earnings ratio of 18.37 and a beta of 0.71. J Alexanders Holdings Inc has a 12-month low of $7.70 and a 12-month high of $13.40.

J Alexanders (NYSE:JAX) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $63.21 million for the quarter. J Alexanders had a net margin of 1.65% and a return on equity of 6.82%. On average, analysts forecast that J Alexanders Holdings Inc will post 0.69 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of J Alexanders from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Friday, April 5th.

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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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