Arizona State Retirement System boosted its stake in shares of Leucadia National Corporation (NYSE:LUK) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 80,308 shares of the conglomerate’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in Leucadia National Corporation were worth $2,101,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Leucadia National Corporation by 5.0% in the first quarter. Vanguard Group Inc. now owns 31,656,362 shares of the conglomerate’s stock valued at $823,066,000 after buying an additional 1,511,066 shares during the period. BlackRock Inc. boosted its position in Leucadia National Corporation by 3,309.8% in the first quarter. BlackRock Inc. now owns 19,514,207 shares of the conglomerate’s stock valued at $507,370,000 after buying an additional 18,941,908 shares during the period. State Street Corp boosted its position in Leucadia National Corporation by 1.6% in the first quarter. State Street Corp now owns 14,774,468 shares of the conglomerate’s stock valued at $384,140,000 after buying an additional 229,806 shares during the period. Baillie Gifford & Co. boosted its position in Leucadia National Corporation by 107.7% in the first quarter. Baillie Gifford & Co. now owns 14,415,651 shares of the conglomerate’s stock valued at $374,807,000 after buying an additional 7,475,015 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in Leucadia National Corporation by 1.9% in the second quarter. Great West Life Assurance Co. Can now owns 5,300,548 shares of the conglomerate’s stock valued at $138,357,000 after buying an additional 98,211 shares during the period. 75.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Leucadia National Corporation (LUK) opened at 23.97 on Monday. The stock has a 50 day moving average price of $26.08 and a 200 day moving average price of $25.66. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.33. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 14.21 and a beta of 1.25.

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 analysts’ consensus estimates 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 business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts forecast that Leucadia National Corporation will post $1.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 15th. Leucadia National Corporation’s payout ratio is presently 3.55%.

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Several equities analysts have commented on LUK shares. TheStreet raised Leucadia National Corporation from a “c” rating to a “b” rating in a report on Friday, May 5th. Zacks Investment Research cut Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, BidaskClub cut Leucadia National Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.

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.

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

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