River Road Asset Management LLC Reduces Position in J. Alexander’s Holdings, Inc. (JAX)

River Road Asset Management LLC lessened its stake in shares of J. Alexander’s Holdings, Inc. (NYSE:JAX) by 1.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,022,343 shares of the company’s stock after selling 14,170 shares during the period. River Road Asset Management LLC owned 6,959,448.60% of J. Alexander’s Holdings worth $11,859,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in shares of J. Alexander’s Holdings by 148.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,765 shares of the company’s stock valued at $107,000 after acquiring an additional 5,235 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of J. Alexander’s Holdings during the 2nd quarter valued at $147,000. Nationwide Fund Advisors lifted its position in shares of J. Alexander’s Holdings by 21.0% during the 2nd quarter. Nationwide Fund Advisors now owns 12,198 shares of the company’s stock valued at $149,000 after acquiring an additional 2,116 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of J. Alexander’s Holdings during the 2nd quarter valued at $154,000. Finally, Citigroup Inc. lifted its position in shares of J. Alexander’s Holdings by 14.4% during the 2nd quarter. Citigroup Inc. now owns 14,624 shares of the company’s stock valued at $179,000 after acquiring an additional 1,838 shares during the period. Institutional investors own 68.39% of the company’s stock.

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J. Alexander’s Holdings, Inc. (NYSE:JAX) traded up $0.10 during trading on Friday, hitting $9.85. 12,928 shares of the company were exchanged, compared to its average volume of 33,362. The firm has a market cap of $142.54, a P/E ratio of 27.71 and a beta of 0.27. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.12. J. Alexander’s Holdings, Inc. has a 52 week low of $9.00 and a 52 week high of $12.30.

J. Alexander’s Holdings (NYSE:JAX) last posted its earnings results on Thursday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter. J. Alexander’s Holdings had a net margin of 2.05% and a return on equity of 4.84%. The firm had revenue of $58.22 million during the quarter. analysts anticipate that J. Alexander’s Holdings, Inc. will post 0.78 earnings per share for the current fiscal year.

J. Alexander’s Holdings announced that its board has initiated a stock buyback program on Thursday, August 10th that permits the company to repurchase 1,500,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

About J. Alexander’s Holdings

J. Alexander’s Holdings, Inc, through its subsidiaries, owns and operates three complementary dining restaurant concepts: J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill (Stoney River). The Company is engaged in providing contemporary American cuisines. J. Alexander’s is an upscale dining restaurant offering a contemporary American menu.

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Institutional Ownership by Quarter for J. Alexander`s Holdings (NYSE:JAX)

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