Deutsche Bank AG decreased its position in Luby’s, Inc. (NYSE:LUB) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,871 shares of the restaurant operator’s stock after selling 19,015 shares during the quarter. Deutsche Bank AG owned 0.12% of Luby’s worth $44,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc grew its stake in shares of Luby’s by 1.3% during the third quarter. Vanguard Group Inc now owns 504,572 shares of the restaurant operator’s stock worth $858,000 after purchasing an additional 6,668 shares in the last quarter. Virtu Financial LLC acquired a new position in Luby’s in the fourth quarter valued at $25,000. Two Sigma Securities LLC acquired a new position in Luby’s in the fourth quarter valued at $26,000. IFP Advisors Inc acquired a new position in Luby’s in the fourth quarter valued at $49,000. Finally, Bandera Partners LLC boosted its stake in Luby’s by 92.8% in the fourth quarter. Bandera Partners LLC now owns 2,901,000 shares of the restaurant operator’s stock valued at $3,481,000 after acquiring an additional 1,396,541 shares in the last quarter. 33.24% of the stock is currently owned by institutional investors.
Shares of LUB traded up $0.02 during mid-day trading on Monday, hitting $1.10. 15,200 shares of the company’s stock were exchanged, compared to its average volume of 39,043. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.78 and a current ratio of 0.90. The company has a 50 day simple moving average of $1.29. Luby’s, Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $2.76.
Luby's, Inc provides restaurant services in the United States. It operates through three segments: Company-owned Restaurants, Franchise Operations, and Culinary Contract Services. The company operates casual dining restaurants; and offers culinary contract services, including contract arrangements to manage food services for healthcare clients, corporate dining clients, government buildings, and sports stadiums, as well as through retail grocery stores.
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