Nationwide Fund Advisors lifted its holdings in shares of J. Alexander’s Holdings, Inc. (NYSE:JAX) by 21.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,198 shares of the company’s stock after buying an additional 2,116 shares during the period. Nationwide Fund Advisors owned approximately 0.08% of J. Alexander’s Holdings worth $149,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in 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 purchasing an additional 425 shares during the last quarter. Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 622 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in J. Alexander’s Holdings by 148.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,765 shares of the company’s stock worth $107,000 after purchasing an additional 5,235 shares during the last quarter. Bessemer Group Inc. purchased a new position in J. Alexander’s Holdings in the second quarter worth about $282,000. Finally, Spark Investment Management LLC purchased a new position in J. Alexander’s Holdings in the second quarter worth about $297,000. 69.05% of the stock is currently owned by institutional investors and hedge funds.

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J. Alexander’s Holdings, Inc. (NYSE JAX) opened at $9.75 on Friday. The stock has a market capitalization of $143.28, a PE ratio of 27.86 and a beta of 0.27. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.56 and a quick ratio of 0.46. J. Alexander’s Holdings, Inc. has a 12-month low of $9.00 and a 12-month high of $12.30.

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

Separately, Zacks Investment Research cut J. Alexander’s Holdings from a “hold” rating to a “sell” rating in a research report on Saturday.

J. Alexander’s Holdings Company Profile

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.

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

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