State of Wisconsin Investment Board Sells 14,740 Shares of Leucadia National Corp. (LUK)
State of Wisconsin Investment Board decreased its position in Leucadia National Corp. (NYSE:LUK) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 210,487 shares of the company’s stock after selling 14,740 shares during the period. State of Wisconsin Investment Board owned about 0.06% of Leucadia National Corp. worth $4,008,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of LUK. Strs Ohio acquired a new position in Leucadia National Corp. during the third quarter worth $132,000. Daiwa Securities Group Inc. raised its position in Leucadia National Corp. by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock worth $139,000 after buying an additional 1,000 shares during the last quarter. Cedar Wealth Management LLC raised its position in Leucadia National Corp. by 51.8% in the second quarter. Cedar Wealth Management LLC now owns 10,170 shares of the company’s stock worth $176,000 after buying an additional 3,470 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in Leucadia National Corp. during the second quarter worth $178,000. Finally, First Allied Advisory Services Inc. raised its position in Leucadia National Corp. by 1.5% in the second quarter. First Allied Advisory Services Inc. now owns 10,335 shares of the company’s stock worth $173,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 71.54% of the company’s stock.
Shares of Leucadia National Corp. (NYSE:LUK) traded down 1.17% during trading on Monday, reaching $21.10. 1,105,085 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $19.48 and a 200-day moving average price of $18.48. Leucadia National Corp. has a 52 week low of $14.27 and a 52 week high of $21.42. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 180.34 and a beta of 1.37.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 14th will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, December 12th. This represents a $0.25 dividend on an annualized basis and a yield of 1.17%. Leucadia National Corp.’s payout ratio is currently 227.29%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. TheStreet raised shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. lifted their target price on shares of Leucadia National Corp. from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th.
In other Leucadia National Corp. news, Chairman Joseph S. Steinberg sold 200,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $19.04, for a total transaction of $3,808,000.00. Following the completion of the transaction, the chairman now owns 1,992,687 shares in the company, valued at approximately $37,940,760.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.50% of the company’s stock.
Leucadia National Corp. Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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