Connor Clark & Lunn Investment Management Ltd. lifted its holdings in J Alexanders Holdings Inc (NYSE:JAX) by 72.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,094 shares of the company’s stock after buying an additional 11,825 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in J Alexanders were worth $231,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in shares of J Alexanders by 10.9% in the 4th quarter. Bessemer Group Inc. now owns 24,500 shares of the company’s stock worth $202,000 after buying an additional 2,400 shares during the period. Meeder Asset Management Inc. grew its position in shares of J Alexanders by 73.8% in the 4th quarter. Meeder Asset Management Inc. now owns 9,548 shares of the company’s stock worth $78,000 after buying an additional 4,053 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of J Alexanders by 23.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 23,579 shares of the company’s stock worth $194,000 after buying an additional 4,499 shares during the period. Rhumbline Advisers grew its position in shares of J Alexanders by 42.4% in the 4th quarter. Rhumbline Advisers now owns 18,550 shares of the company’s stock worth $153,000 after buying an additional 5,523 shares during the period. Finally, Northern Trust Corp grew its position in shares of J Alexanders by 4.5% in the 4th quarter. Northern Trust Corp now owns 146,248 shares of the company’s stock worth $1,204,000 after buying an additional 6,318 shares during the period. 73.38% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of J Alexanders from a “hold” rating to a “sell” rating in a research report on Friday, December 7th.
J Alexanders (NYSE:JAX) last announced its quarterly earnings data on Monday, March 11th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. J Alexanders had a net margin of 1.65% and a return on equity of 6.82%. The company had revenue of $63.21 million for the quarter. On average, analysts forecast that J Alexanders Holdings Inc will post 0.73 EPS for the current year.
J Alexanders Company Profile
J. Alexander's Holdings, Inc, through its subsidiaries, owns and operates full service restaurants in the United States. It operates four complementary upscale dining restaurant concepts, including J. Alexander's, Redlands Grill, Lyndhurst Grill, and Stoney River Steakhouse and Grill (Stoney River).
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