FDx Advisors Inc. trimmed its holdings in shares of Leucadia National Corporation (NYSE:LUK) by 7.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,277 shares of the conglomerate’s stock after selling 4,845 shares during the quarter. FDx Advisors Inc.’s holdings in Leucadia National Corporation were worth $1,522,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in Leucadia National Corporation by 195.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 101,136 shares of the conglomerate’s stock worth $2,554,000 after buying an additional 66,962 shares during the last quarter. American Century Companies Inc. increased its position in Leucadia National Corporation by 50.9% during the third quarter. American Century Companies Inc. now owns 2,531,865 shares of the conglomerate’s stock worth $63,930,000 after buying an additional 854,352 shares during the last quarter. Andra AP fonden increased its position in Leucadia National Corporation by 77.8% during the third quarter. Andra AP fonden now owns 166,100 shares of the conglomerate’s stock worth $4,194,000 after buying an additional 72,700 shares during the last quarter. Artemis Investment Management LLP increased its position in Leucadia National Corporation by 18.4% during the third quarter. Artemis Investment Management LLP now owns 268,938 shares of the conglomerate’s stock worth $6,789,000 after buying an additional 41,774 shares during the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in Leucadia National Corporation during the third quarter worth $5,911,000. 75.00% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on LUK. BidaskClub downgraded shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. TheStreet raised shares of Leucadia National Corporation from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, October 10th.
Shares of Leucadia National Corporation (LUK) opened at $25.65 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.02. Leucadia National Corporation has a fifty-two week low of $20.44 and a fifty-two week high of $27.33. The stock has a market cap of $9,140.00, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28.
Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.10. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.83%. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.66 billion. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities research analysts predict that Leucadia National Corporation will post 1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, December 12th. Leucadia National Corporation’s dividend payout ratio (DPR) is 25.81%.
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Leucadia National Corporation Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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