Fernwood Investment Management LLC reduced its position in shares of Leucadia National Corporation (NYSE:LUK) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,250 shares of the conglomerate’s stock after selling 1,200 shares during the period. Fernwood Investment Management LLC’s holdings in Leucadia National Corporation were worth $870,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LUK. Mn Services Vermogensbeheer B.V. boosted its position in shares of Leucadia National Corporation by 5.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,641 shares of the conglomerate’s stock worth $210,000 after buying an additional 465 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Leucadia National Corporation by 98.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 204,676 shares of the conglomerate’s stock worth $5,322,000 after buying an additional 101,362 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Leucadia National Corporation by 1.9% in the first quarter. Retirement Systems of Alabama now owns 156,532 shares of the conglomerate’s stock worth $4,070,000 after buying an additional 2,957 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Leucadia National Corporation during the first quarter worth approximately $217,000. Finally, DnB Asset Management AS boosted its position in shares of Leucadia National Corporation by 93.4% in the first quarter. DnB Asset Management AS now owns 36,240 shares of the conglomerate’s stock worth $942,000 after buying an additional 17,500 shares during the last quarter. 75.48% of the stock is currently owned by institutional investors and hedge funds.

Leucadia National Corporation (NYSE:LUK) opened at 24.75 on Wednesday. The company has a market capitalization of $8.88 billion, a PE ratio of 14.67 and a beta of 1.25. The firm’s 50-day moving average is $26.24 and its 200-day moving average is $25.68. Leucadia National Corporation has a 12 month low of $17.87 and a 12 month high of $27.33.

Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.14. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts anticipate that Leucadia National Corporation will post $1.29 EPS for the current fiscal 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 issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s dividend payout ratio is presently 3.55%.

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A number of brokerages have commented on LUK. BidaskClub cut shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. 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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Institutional Ownership by Quarter for Leucadia National Corporation (NYSE:LUK)

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