Luby’s, Inc. (LUB) now has -41.78% deficit over its 52-week high

Luby’s, Inc. (NYSE:LUB) reached 11.02% versus a 1-year low price of $2.36. The stock was last seen 5.65% higher, reaching at $2.62 on 11/10/2017. At recent session, the prices were hovering between $2.45 and $2.6492. This company shares are 90.84% off its target price of $5 and the current market capitalization stands at $76.32M. The recent change has given its price a 2.65% lead over SMA 50 and -41.78% deficit over its 52-week high. The stock witnessed 1.55% gains, -5.76% declines and -3.68% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LUB’s volatility during a week at 3.18% and during a month it has been found around 2.61%.

Luby’s, Inc. (LUB) Top Holders

Institutional investors currently hold around $31 million or 44.4% in LUB stock. Look at its top three institutional owners. Hodges Capital Management Inc. owns $7.02 million in Luby’s, Inc., which represents roughly 9.2% of the company’s market cap and approximately 22.66% of the institutional ownership. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 2,331,155 shares of the stock are valued at $5.78 million. The third largest holder is Bandera Partners Llc, which currently holds $4 million worth of this stock and that ownership represents nearly 5.25% of its market capitalization.

Luby’s, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 21 institutional holders increased their position in Luby’s, Inc. (NYSE:LUB) by some 549,314 shares, 22 decreased positions by 1,742,439 and 20 held positions by 10,168,494. That puts total institutional holdings at 12,460,247 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 405,778 shares while 9 institutional investors sold out their entire positions totaling 175,400 shares.

Luby’s, Inc. (NYSE:LUB) Insider Trades

Multiple company employees have indulged in significant insider trading. Luby’s, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO, 10% Owner Pappas Christopher James has acquired 190,000 shares of Luby’s, Inc. (LUB) in trading session dated Aug. 17, 2017. These shares are worth $532,000 and were traded at $2.8 each. The SEC filing shows that Pappas Harris J performed a purchase of 190,000 shares. The Director, 10% Owner added these shares by way of transaction on Aug. 17, 2017. The company’s shares were assimilated at $2.8 per share worth to an investment of some $532,000 on account of Pappas Harris J.

SVP & CFO, Gray K Scott, purchased 1,000 common shares of Luby’s, Inc. (LUB) in the open market. In a transaction dated Jul. 31, 2017, the shares were bought at an average price of $2.85, giving away a sum of $2,850. After this purchase, 45,694 common shares of LUB are directly owned by the insider, with total stake valued at $119,718.

In the transaction dated Jul. 26, 2017, the great number of shares acquired came courtesy the SVP & CFO; Gray K Scott added a total of 1,000 shares at an average price of $2.85, amounting to approximately $2,850. The insider now directly owns 47,564 shares worth $124,618.

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