Sunbelt Securities Lowers stake in Luby's (LUB)

Luby's (LUB) : Sunbelt Securities reduced its stake in Luby's by 3.46% during the most recent quarter end. The investment management company now holds a total of 251,100 shares of Luby's which is valued at $1.3 Million after selling 9,000 shares in Luby's , the firm said in a disclosure report filed with the SEC on May 11, 2016.Luby's makes up approximately 1.49% of Sunbelt Securities’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in LUB by selling 4,700 shares or 43.93% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of LUB which is valued at $30,300.Blackrock Institutional Trust Company N.a. reduced its stake in LUB by selling 2,277 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 753,301 shares of LUB which is valued at $3.8 Million. Sanders Morris Harris sold out all of its stake in LUB during the most recent quarter. The investment firm sold 266,000 shares of LUB which is valued $1.3 Million.

Luby's closed down -0.03 points or -0.59% at $5.02 with 23,155 shares getting traded on Monday. Post opening the session at $5.03, the shares hit an intraday low of $4.99 and an intraday high of $5.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Luby’s Inc. (Luby’s) formerly Luby’s Cafeterias Inc. is a multi-branded company operating in the restaurant industry and in the contract food services industry. The Company’s primary brands include Luby’s Cafeteria Fuddruckers Luby’s Culinary Contract Services and Cheeseburger in Paradise. Its other brands include are Bob Luby’s Seafood Luby’s and Koo Koo Roo Chicken Bistro. The Company operates in three segments namely Company-owned restaurants franchise operations and culinary contract services (CSS). Company-owned restaurants segment consists of brands which include Luby’s Cafeteria Fuddruckers and Cheeseburger in Paradise. Franchise operations segment offers franchises for the Fuddruckers brand. Culinary contract services are branded as Luby’s culinary contract services which consists of a business line servicing healthcare higher education and corporate dining clients.

Leave a Reply

Luby's - Is it time to Sell?

Top Brokerage Firms are advising their investors on Luby's. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.