A.R.T. Advisors LLC boosted its stake in shares of Ruby Tuesday, Inc. (NYSE:RT) by 174.1% during the fourth quarter, Holdings Channel reports. The fund owned 69,900 shares of the company’s stock after buying an additional 44,400 shares during the period. A.R.T. Advisors LLC owned 0.12% of Ruby Tuesday worth $225,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Ruby Tuesday by 6.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,883,869 shares of the company’s stock valued at $6,085,000 after buying an additional 107,800 shares during the last quarter. Bluestein R H & Co. purchased a new position in Ruby Tuesday during the fourth quarter valued at $297,000. Royce & Associates LP increased its position in Ruby Tuesday by 4.3% in the fourth quarter. Royce & Associates LP now owns 1,770,047 shares of the company’s stock valued at $5,717,000 after buying an additional 73,000 shares during the last quarter. State Street Corp increased its position in Ruby Tuesday by 7.2% in the fourth quarter. State Street Corp now owns 1,344,196 shares of the company’s stock valued at $4,343,000 after buying an additional 90,673 shares during the last quarter. Finally, Comerica Bank increased its position in Ruby Tuesday by 6.9% in the fourth quarter. Comerica Bank now owns 54,680 shares of the company’s stock valued at $122,000 after buying an additional 3,521 shares during the last quarter. 84.16% of the stock is owned by hedge funds and other institutional investors.
Ruby Tuesday, Inc. (NYSE:RT) opened at 2.51 on Tuesday. The stock’s market capitalization is $150.18 million. Ruby Tuesday, Inc. has a 1-year low of $1.69 and a 1-year high of $5.48. The company has a 50-day moving average price of $1.93 and a 200 day moving average price of $2.65.
Ruby Tuesday (NYSE:RT) last issued its earnings results on Thursday, January 5th. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.13. Ruby Tuesday had a negative net margin of 10.60% and a negative return on equity of 2.52%. The company earned $214.70 million during the quarter. On average, equities analysts predict that Ruby Tuesday, Inc. will post $0.08 EPS for the current year.
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In related news, CEO F Lane Cardwell, Jr. bought 20,000 shares of the firm’s stock in a transaction on Wednesday, January 11th. The stock was bought at an average cost of $2.38 per share, for a total transaction of $47,600.00. Following the completion of the purchase, the chief executive officer now directly owns 146,256 shares in the company, valued at approximately $348,089.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.80% of the company’s stock.
About Ruby Tuesday
Ruby Tuesday, Inc owns and operates Ruby Tuesday casual dining and Lime Fresh Mexican Grill (Lime Fresh) casual restaurants. The Company also franchises the Ruby Tuesday concept in selected domestic and international markets, and the Lime Fresh concept in selected domestic markets. Its segments include Ruby Tuesday concept and Lime Fresh concept.
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