Luby’s, Inc. (LUB) Holdings Reduced by Hodges Capital Management Inc.
Hodges Capital Management Inc. decreased its holdings in Luby’s, Inc. (NYSE:LUB) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,832,264 shares of the restaurant operator’s stock after selling 49,794 shares during the quarter. Hodges Capital Management Inc. owned approximately 9.73% of Luby’s worth $7,505,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of LUB. Parametric Portfolio Associates LLC lifted its position in Luby’s by 48.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 44,670 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 14,496 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Luby’s by 445.1% in the 1st quarter. Wells Fargo & Company MN now owns 42,741 shares of the restaurant operator’s stock valued at $133,000 after acquiring an additional 34,900 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Luby’s in the 2nd quarter valued at approximately $149,000. Finally, Grace & White Inc. NY increased its holdings in shares of Luby’s by 22.5% in the 2nd quarter. Grace & White Inc. NY now owns 660,804 shares of the restaurant operator’s stock valued at $1,857,000 after acquiring an additional 121,485 shares during the last quarter. Institutional investors own 42.86% of the company’s stock.
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In other Luby’s news, insider Christopher James Pappas bought 190,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $2.80 per share, for a total transaction of $532,000.00. Following the completion of the purchase, the insider now directly owns 4,470,659 shares of the company’s stock, valued at $12,517,845.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. 35.20% of the stock is owned by corporate insiders.
Shares of Luby’s, Inc. (LUB) traded down $0.01 during midday trading on Wednesday, hitting $2.36. The stock had a trading volume of 17,774 shares, compared to its average volume of 29,322. The company has a quick ratio of 0.29, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. Luby’s, Inc. has a 1-year low of $2.36 and a 1-year high of $4.50.
Luby’s Company Profile
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.
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