River Road Asset Management LLC cut its position in shares of J. Alexander’s Holdings, Inc. (NYSE:JAX) by 14.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,036,513 shares of the company’s stock after selling 174,181 shares during the period. River Road Asset Management LLC owned approximately 7.05% of J. Alexander’s Holdings worth $12,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of J. Alexander’s Holdings during the second quarter worth approximately $282,000. Spark Investment Management LLC purchased a new position in shares of J. Alexander’s Holdings during the second quarter worth approximately $297,000. SG Americas Securities LLC boosted its position in shares of J. Alexander’s Holdings by 1.0% in the second quarter. SG Americas Securities LLC now owns 44,510 shares of the company’s stock worth $545,000 after buying an additional 425 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of J. Alexander’s Holdings by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 70,734 shares of the company’s stock worth $866,000 after buying an additional 622 shares during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in shares of J. Alexander’s Holdings during the second quarter worth approximately $1,328,000. Institutional investors own 70.73% of the company’s stock.

J. Alexander’s Holdings, Inc. (JAX) opened at 9.80 on Tuesday. J. Alexander’s Holdings, Inc. has a 52 week low of $8.35 and a 52 week high of $12.30. The stock has a 50 day moving average price of $10.31 and a 200-day moving average price of $10.50. The company has a market capitalization of $144.01 million, a PE ratio of 22.27 and a beta of 0.22.

J. Alexander’s Holdings (NYSE:JAX) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $58.22 million for the quarter. J. Alexander’s Holdings had a net margin of 2.88% and a return on equity of 6.62%. On average, equities analysts predict that J. Alexander’s Holdings, Inc. will post $0.77 earnings per share for the current fiscal year.

J. Alexander’s Holdings declared that its Board of Directors has approved a share repurchase program on Thursday, August 10th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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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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