Sunbelt Securities INC Has Increased Its Lubys INC (LUB) Position by $3.60 Million as Stock Value Declined

September 17, 2017 - By Peter Erickson

Investors sentiment increased to 1.39 in 2016 Q4. Its up 0.48, from 0.91 in 2016Q3. It is positive, as 5 investors sold LUB shares while 13 reduced holdings. 4 funds opened positions while 21 raised stakes. 13.82 million shares or 7.66% more from 12.83 million shares in 2016Q3 were reported. Gsa Capital Ptnrs Llp stated it has 60,230 shares. 8,700 were accumulated by Strs Ohio. Northern Tru Corp has 0% invested in Luby’s, Inc. (NYSE:LUB). Susquehanna Intll Group Inc Llp, Pennsylvania-based fund reported 28,717 shares. Geode Cap Mngmt Ltd holds 92,976 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa holds 1,102 shares. Schwab Charles Inc holds 34,600 shares or 0% of its portfolio. The Kansas-based Creative Planning has invested 0% in Luby’s, Inc. (NYSE:LUB). California Public Employees Retirement invested 0% of its portfolio in Luby’s, Inc. (NYSE:LUB). Morgan Stanley has invested 0% in Luby’s, Inc. (NYSE:LUB). Blackrock Institutional Tru Commerce Na stated it has 700,434 shares. Sunbelt Secs, Texas-based fund reported 1.15 million shares. 20,000 were accumulated by Ny State Common Retirement Fund. 1.68 million are held by Bandera Partners Limited Liability Corporation. 2,097 are held by Motco.

Since May 31, 2017, it had 6 insider purchases, and 0 insider sales for $924,880 activity. Another trade for 127,000 shares valued at $407,724 was bought by PAPPAS HARRIS J. The insider MARKANTONIS FRANK bought $16,050.

Sunbelt Securities Inc increased its stake in Lubys Inc (LUB) by 358.42% based on its latest 2016Q4 regulatory filing with the SEC. Sunbelt Securities Inc bought 900,000 shares as the company’s stock declined 27.70% while stock markets rallied. The institutional investor held 1.15M shares of the consumer services company at the end of 2016Q4, valued at $4.93M, up from 251,100 at the end of the previous reported quarter. Sunbelt Securities Inc who had been investing in Lubys Inc for a number of months, seems to be bullish on the $78.04M market cap company. The stock increased 2.29% or $0.06 on September 15, reaching $2.68. About 104,339 shares traded or 89.47% up from the average. Luby’s, Inc. (NYSE:LUB) has declined 47.80% since September 17, 2016 and is downtrending. It has underperformed by 64.50% the S&P500.

Sunbelt Securities Inc, which manages about $158.18M and $81.49 million US Long portfolio, decreased its stake in Bank Amer Corp (NYSE:BAC) by 477,430 shares to 137,861 shares, valued at $3.05 million in 2016Q4, according to the filing.

More important recent Luby’s, Inc. (NYSE:LUB) news were published by: Seekingalpha.com which released: “Luby’s: ‘Heads You Win, Tails I Lose'” on October 01, 2016, also Seekingalpha.com published article titled: “Luby’s – Wall Street’s Disdain For This Eatery Is Perplexing”, Nasdaq.com published: “Luby’s Inc (LUB) President and CEO Christopher James Pappas Bought $272125 of …” on June 05, 2017. More interesting news about Luby’s, Inc. (NYSE:LUB) was released by: Seekingalpha.com and their article: “Luby’s Is A Restaurateur With A Big Real Estate Portfolio” with publication date: April 06, 2017.

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