Luby’s, Inc. (LUB) Shares Sold by Renaissance Technologies LLC
Renaissance Technologies LLC reduced its stake in Luby’s, Inc. (NYSE:LUB) by 7.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 179,200 shares of the restaurant operator’s stock after selling 13,500 shares during the period. Renaissance Technologies LLC owned about 0.62% of Luby’s worth $557,000 as of its most recent SEC filing.
Separately, Wells Fargo & Company MN boosted its position in Luby’s by 445.1% in the first quarter. Wells Fargo & Company MN now owns 42,741 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 34,900 shares in the last quarter. 42.78% of the stock is owned by institutional investors and hedge funds.
Luby’s, Inc. (NYSE LUB) traded up 1.52% on Thursday, reaching $2.68. The company’s stock had a trading volume of 10,506 shares. Luby’s, Inc. has a 12-month low of $2.45 and a 12-month high of $4.62. The company’s 50 day moving average price is $2.83 and its 200-day moving average price is $3.02. The stock’s market cap is $78.04 million.
Luby’s (NYSE:LUB) last issued its quarterly earnings results on Wednesday, July 12th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $88.72 million for the quarter. Luby’s had a negative return on equity of 4.97% and a negative net margin of 6.96%. On average, equities analysts expect that Luby’s, Inc. will post ($0.07) EPS for the current year.
In other Luby’s news, Director Harris J. Pappas purchased 54,683 shares of Luby’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $2.84 per share, with a total value of $155,299.72. Following the completion of the transaction, the director now owns 3,910,349 shares in the company, valued at approximately $11,105,391.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Harris J. Pappas bought 127,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was purchased at an average cost of $3.21 per share, for a total transaction of $407,670.00. Following the completion of the transaction, the director now owns 3,961,031 shares in the company, valued at $12,714,909.51. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 549,483 shares of company stock worth $1,652,669. Insiders own 35.20% of the company’s stock.
Luby’s, Inc, is a multi-branded company operating in the restaurant industry and in the contract food services industry. The Company is managed through three segments: Company-owned restaurants, franchise operations, and Culinary Contract Services (CSS). The company-owned restaurants brands are Luby’s Cafeteria, Fuddruckers, and Cheeseburger in Paradise with a couple of non-core restaurant locations under other brand names.
Want to see what other hedge funds are holding LUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Luby’s, Inc. (NYSE:LUB).
Receive News & Stock Ratings for Luby's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luby's Inc. and related stocks with our FREE daily email newsletter.