Short Interest in J Alexanders Holdings Inc (NYSE:JAX) Drops By 17.9%

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J Alexanders Holdings Inc (NYSE:JAX) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 97,400 shares, a decrease of 17.9% from the June 30th total of 118,700 shares. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.8% of the company’s stock are sold short.

Separately, Zacks Investment Research downgraded J Alexanders from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

Shares of NYSE JAX traded up $0.17 during trading hours on Tuesday, hitting $11.35. The company had a trading volume of 47,200 shares, compared to its average volume of 45,763. The stock has a market capitalization of $157.97 million, a PE ratio of 18.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.48 and a quick ratio of 0.39. J Alexanders has a 1-year low of $7.70 and a 1-year high of $13.40. The firm’s 50 day moving average price is $10.93.

J Alexanders (NYSE:JAX) last released its quarterly earnings data on Friday, August 9th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $62.23 million during the quarter. J Alexanders had a net margin of 2.56% and a return on equity of 8.50%. Equities research analysts expect that J Alexanders will post 0.7 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JAX. BlackRock Inc. raised its stake in J Alexanders by 24.1% in the 4th quarter. BlackRock Inc. now owns 1,390,914 shares of the company’s stock valued at $11,449,000 after acquiring an additional 269,794 shares during the period. Ancora Advisors LLC raised its stake in J Alexanders by 2.5% in the 2nd quarter. Ancora Advisors LLC now owns 1,278,800 shares of the company’s stock valued at $14,361,000 after acquiring an additional 30,845 shares during the period. River Road Asset Management LLC raised its stake in J Alexanders by 2.9% in the 1st quarter. River Road Asset Management LLC now owns 956,506 shares of the company’s stock valued at $9,393,000 after acquiring an additional 26,955 shares during the period. Dimensional Fund Advisors LP raised its stake in J Alexanders by 14.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 602,277 shares of the company’s stock valued at $4,957,000 after acquiring an additional 75,253 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in J Alexanders by 11.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 433,011 shares of the company’s stock valued at $4,860,000 after acquiring an additional 45,478 shares during the period. 73.39% of the stock is owned by institutional investors.

J Alexanders Company 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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