First Manhattan Co. cut its position in shares of Leucadia National Corporation (NYSE:LUK) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,566,614 shares of the conglomerate’s stock after selling 222,006 shares during the period. First Manhattan Co. owned about 0.71% of Leucadia National Corporation worth $67,142,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its stake in Leucadia National Corporation by 63.6% in the first quarter. Contravisory Investment Management Inc. now owns 5,162 shares of the conglomerate’s stock valued at $134,000 after buying an additional 2,006 shares during the last quarter. IFP Advisors Inc increased its position in shares of Leucadia National Corporation by 14.2% in the first quarter. IFP Advisors Inc now owns 6,258 shares of the conglomerate’s stock worth $163,000 after buying an additional 776 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in shares of Leucadia National Corporation during the first quarter worth $192,000. Atria Investments LLC bought a new position in shares of Leucadia National Corporation during the first quarter worth $200,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Leucadia National Corporation during the first quarter worth $202,000. 75.48% of the stock is owned by hedge funds and other institutional investors.
Leucadia National Corporation (LUK) traded up 0.33% during midday trading on Friday, hitting $23.97. 1,955,949 shares of the stock traded hands. Leucadia National Corporation has a 52-week low of $17.87 and a 52-week high of $27.33. The firm has a market cap of $8.60 billion, a PE ratio of 14.21 and a beta of 1.25. The stock has a 50-day moving average of $26.08 and a 200 day moving average of $25.66.
Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.14. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.65 billion. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities analysts forecast that Leucadia National Corporation will post $1.29 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 15th. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a yield of 1.67%. Leucadia National Corporation’s payout ratio is 3.55%.
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A number of analysts have commented on the stock. BidaskClub cut shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Zacks Investment Research cut shares of Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, TheStreet upgraded shares of Leucadia National Corporation from a “c” rating to a “b” rating in a research report on Friday, May 5th.
About Leucadia National Corporation
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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