Voya Investment Management LLC lifted its holdings in shares of Leucadia National Corporation (NYSE:LUK) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 184,340 shares of the conglomerate’s stock after purchasing an additional 1,761 shares during the period. Voya Investment Management LLC owned 0.05% of Leucadia National Corporation worth $4,823,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in LUK. UBS Asset Management Americas Inc. boosted its holdings in Leucadia National Corporation by 5.4% in the first quarter. UBS Asset Management Americas Inc. now owns 875,484 shares of the conglomerate’s stock valued at $22,763,000 after acquiring an additional 45,093 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Leucadia National Corporation in the first quarter valued at about $202,000. Blair William & Co. IL bought a new position in Leucadia National Corporation in the first quarter valued at about $289,000. Neuberger Berman Group LLC boosted its holdings in Leucadia National Corporation by 4.7% in the first quarter. Neuberger Berman Group LLC now owns 28,737 shares of the conglomerate’s stock valued at $747,000 after acquiring an additional 1,290 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in Leucadia National Corporation by 8.8% in the first quarter. United Services Automobile Association now owns 111,055 shares of the conglomerate’s stock valued at $2,887,000 after acquiring an additional 8,976 shares during the last quarter. Institutional investors own 74.66% of the company’s stock.
Several research firms recently issued reports on LUK. BidaskClub cut Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday.
Leucadia National Corporation (NYSE:LUK) opened at 25.33 on Friday. The company has a 50-day moving average price of $24.18 and a 200 day moving average price of $25.27. The company has a market cap of $9.08 billion, a PE ratio of 15.01 and a beta of 1.27. Leucadia National Corporation has a 12-month low of $17.87 and a 12-month high of $27.34.
Leucadia National Corporation (NYSE:LUK) last issued its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.65 billion. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, analysts forecast that Leucadia National Corporation will post $1.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s payout ratio is currently 23.67%.
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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