Greenhouse Funds LLLP reduced its position in Jamba, Inc. (NASDAQ:JMBA) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484,591 shares of the restaurant operator’s stock after selling 35,594 shares during the quarter. Jamba accounts for approximately 1.1% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 23rd largest holding. Greenhouse Funds LLLP owned approximately 3.11% of Jamba worth $3,906,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in JMBA. Boothbay Fund Management LLC raised its holdings in shares of Jamba by 61.2% in the third quarter. Boothbay Fund Management LLC now owns 27,460 shares of the restaurant operator’s stock valued at $237,000 after acquiring an additional 10,430 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Jamba by 28.9% in the second quarter. California Public Employees Retirement System now owns 66,823 shares of the restaurant operator’s stock valued at $521,000 after acquiring an additional 15,000 shares in the last quarter. Fondren Management LP raised its holdings in shares of Jamba by 683.6% in the fourth quarter. Fondren Management LP now owns 134,000 shares of the restaurant operator’s stock valued at $1,080,000 after acquiring an additional 116,900 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in shares of Jamba by 345.8% in the fourth quarter. Kennedy Capital Management Inc. now owns 268,860 shares of the restaurant operator’s stock valued at $2,167,000 after acquiring an additional 208,548 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Jamba by 6.8% in the fourth quarter. Royce & Associates LP now owns 470,025 shares of the restaurant operator’s stock valued at $3,788,000 after acquiring an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 90.59% of the company’s stock.
Jamba, Inc. (JMBA) opened at $9.24 on Wednesday. Jamba, Inc. has a 52 week low of $6.71 and a 52 week high of $10.44. The stock has a market capitalization of $139.51, a PE ratio of -6.19 and a beta of -0.09.
Separately, ValuEngine upgraded Jamba from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
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Jamba, Inc is a restaurant retailer of specialty food and beverage offerings. The Company operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks.
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