Jack In The Box INC (JACK) Shareholder Ascend Capital LLC Increased Stake by $50.81 Million

June 29, 2018 - By Ashley Bratcher

Jack in the Box Inc. (NASDAQ:JACK) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.92. That’s change of 0.35, from 2017Q4’s 1.27. 41 investors sold all, 66 reduced holdings as JACK ratio dived. 70 grew stakes while 28 funds amassed stakes. Funds hold 27.91 million shares thus 0.76% more from 2017Q4’s 27.70 million shares. Natl Bank Of New York Mellon Corporation reported 413,801 shs stake. Moreover, Panagora Asset Management Incorporated has 0% invested in Jack in the Box Inc. (NASDAQ:JACK) for 1,765 shs. Manufacturers Life Insurance The owns 67,832 shs for 0.01% of their capital. Washington Bancshares holds 70 shs. Prelude Capital Management Ltd Liability accumulated 15,915 shs or 0.1% of the stock. Aqr Capital Management Lc stated it has 369,181 shs. First Mercantile reported 0.02% in Jack in the Box Inc. (NASDAQ:JACK). Fincl Bank Of America De holds 0% or 112,956 shs. Nomura Asset Mgmt Limited holds 0.01% of its capital in Jack in the Box Inc. (NASDAQ:JACK) for 7,200 shs. Cim Inv Mangement reported 0.15% stake. First Personal Fin Services has 0% invested in Jack in the Box Inc. (NASDAQ:JACK). Riverhead Ltd Liability Corp owns 2,869 shs. Mason Street Advsrs Limited Liability owns 0.03% invested in Jack in the Box Inc. (NASDAQ:JACK) for 14,833 shs. United Services Automobile Association, Texas-based fund reported 4,878 shs. Secor Advsr Ltd Partnership holds 106,571 shs or 0.75% of its capital.

JACK had 4 selling transactions and 0 insider buys since February 23, 2018. This’s net activity of $349,826. $125,834 worth of Jack in the Box Inc. (NASDAQ:JACK) shs were sold by GOEBEL DAVID.

Based on the latest 2018Q1 regulatory filing with the SEC, Malcolm Fairbairn rose its stake in Jack In The Box Inc (JACK) by 1195.51%. The company’s stock declined 8.97% with the market as Ascend Capital Llc bought 597,753 shares. At the end of 2018Q1, the hedge fund run by Malcolm Fairbairn held 647,753 shares of the restaurants company, valued at $55.27M, up from 50,000 at the end of the previous reported quarter. Jack In The Box Inc has $2.45 billion market cap. JACK reached $86.02 during the last trading session after $0.53 change.Currently Jack in the Box Inc. is downtrending after 21.27% change in last June 29, 2017. JACK has also 116,205 shares volume. The stock underperformed the S&P 500 by 33.84%.

About $4.98B and $2.46 billion US Long portfolio Ascend Capital Llc manages. According to a filing the fund reduced its stake in Nrg Energy Inc (NYSE:NRG) by 334,082 shares to 814,657 shares, valued at $24.87 million in 2018Q1. For a total of 164,347 shares it reduced its holding in Activision Blizzard Inc (NASDAQ:ATVI) by 245,437 shares in the quarter, and has cut its stake in Dollar Tree Inc (NASDAQ:DLTR).

There’s a substantial Jack in the Box Inc. (NASDAQ:JACK) news announced by Investorplace.com. It’s an article titled: “Do Not Be Fooled. Sonic Stock Is Just Not the Stock You Think It Is” on June 28, 2018.

Jack in the Box Inc. (NASDAQ:JACK) Ratings Coverage

In total 12 analysts cover Jack In The Box (NASDAQ:JACK). “Buy” rating has 7, “Sell” are 0, while 5 are “Hold”. 58% are bullish. 19 are the (NASDAQ:JACK)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Friday, June 1 the rating was maintained by Oppenheimer with “Buy”. The stock rating was maintained by SunTrust with “Buy” on Thursday, January 11. The stock rating was maintained by SunTrust with “Buy” on Tuesday, January 2. On Tuesday, March 6 the firm has “Overweight” rating given by Morgan Stanley. On Wednesday, March 21 the firm earned “Hold” rating by Stifel Nicolaus. The stock rating was maintained by UBS with “Neutral” on Thursday, April 26. On Friday, January 26 the stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Buy” rating by Wedbush. In Tuesday, January 30 report Wells Fargo maintained it with “Outperform” rating and $110 target. On Tuesday, June 19 the firm earned “Buy” rating by Oppenheimer. On Wednesday, March 14 Telsey Advisory maintained Jack in the Box Inc. (NASDAQ:JACK) with “Buy” rating.

Jack in the Box Inc. (NASDAQ:JACK) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.