Here is the rundown on market activity for J. Alexander’s Holdings, Inc. C (NYSE:JAX). Yesterday EVP J. Michael Moore disclosed the purchase of 975 shares of (JAX). The shares were purchased at an average price of $10.29. The EVP now owns $20,323 of the stock according to the SEC filing. Raymond R. Quirk, Director bought $72,540 worth of shares at a price of $9.58 on Fri the 20th. That brings the Director’s holdings to $644,820 as reported to the SEC.
Frank R. Martire, Director disclosed the purchase of 5,600 shares. The shares were bought on May 11th for a price of $9.61. Martire now owns $534,316 of the stock per the Form 4 SEC filing.
The following firms have also recently changed their position in JAX. Eminence Capital, Lp cut its ownership by selling 30,526 shares a decrease of 2.4% from 03/31/2016 to 06/30/2016. Eminence Capital, Lp now holds 1,267,702 shares worth $12,588,000. The total value of its holdings decreased 8.2%. Marathon Partners Equity Management, LLC expanded its stake by buying 470,033 shares an increase of 783.8%. Marathon Partners Equity Management, LLC currently owns 530,000 shares with a value of $5,263,000. The value of the position overall is up by 731.4%.
Nitorum Capital, L.p. added to its investment by buying 4,405 shares an increase of 1.4% as of 06/30/2016. Nitorum Capital, L.p. claims 328,665 shares valued at $3,264,000. The value of the position overall is down by 4.7%. As of the end of the quarter Moab Capital Partners LLC had acquired 40,384 shares growing its holdings by 24.2%. The value of the investment in JAX went from $1,760,000 to $2,056,000 a change of $296,000 since the last quarter.
The company is so far trading down by -0.60 percent from yesterday’s close. It is trading at $9.91 just a bit higher than $9.88, the 50 day moving average and slightly below the 200 day moving average of $9.98. The 50 day moving average was up by +0.28% and the 200 day average went down by -0.74%.
The P/E ratio is 46.97 and the market value is 145.68M. As of the last earnings report the EPS was $0.21 and is projected to be $0.49 for the current year with 14,700,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.23 and the next full year EPS is projected to be $0.58.