Kovitz Investment Group Partners LLC cut its position in shares of Leucadia National Corporation (NYSE:LUK) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,938,658 shares of the conglomerate’s stock after selling 71,251 shares during the period. Leucadia National Corporation comprises approximately 2.7% of Kovitz Investment Group Partners LLC’s investment portfolio, making the stock its 17th largest position. Kovitz Investment Group Partners LLC owned approximately 0.54% of Leucadia National Corporation worth $50,715,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Leucadia National Corporation by 3,309.8% in the first quarter. BlackRock Inc. now owns 19,514,207 shares of the conglomerate’s stock worth $507,370,000 after buying an additional 18,941,908 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Leucadia National Corporation by 107.7% in the first quarter. Baillie Gifford & Co. now owns 14,415,651 shares of the conglomerate’s stock worth $374,807,000 after buying an additional 7,475,015 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Leucadia National Corporation by 438.9% in the first quarter. Janus Capital Management LLC now owns 1,888,782 shares of the conglomerate’s stock worth $49,108,000 after buying an additional 1,538,278 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Leucadia National Corporation by 5.0% in the first quarter. Vanguard Group Inc. now owns 31,656,362 shares of the conglomerate’s stock worth $823,066,000 after buying an additional 1,511,066 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Leucadia National Corporation by 175.4% in the first quarter. Prudential Financial Inc. now owns 1,976,039 shares of the conglomerate’s stock worth $51,377,000 after buying an additional 1,258,470 shares in the last quarter. Institutional investors own 75.48% of the company’s stock.

Leucadia National Corporation (LUK) traded up 0.33% on Friday, hitting $23.97. The stock had a trading volume of 1,955,949 shares. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 14.21 and a beta of 1.25. Leucadia National Corporation has a 12-month low of $17.87 and a 12-month high of $27.34. The company’s 50 day moving average price is $26.08 and its 200-day moving average price is $25.66.

Leucadia National Corporation (NYSE:LUK) last released its earnings results on Thursday, July 27th. The conglomerate reported $0.16 EPS 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 quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. Equities research analysts anticipate 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 issued a $0.10 dividend. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. Leucadia National Corporation’s dividend payout ratio (DPR) is 3.55%.

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A number of equities research analysts have weighed in on LUK shares. TheStreet upgraded Leucadia National Corporation from a “c” rating to a “b” rating in a research note on Friday, May 5th. Zacks Investment Research cut Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, BidaskClub cut Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

Leucadia National Corporation Company 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.

Institutional Ownership by Quarter for Leucadia National Corporation (NYSE:LUK)

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