Zurcher Kantonalbank Zurich Cantonalbank Acquires 13,585 Shares of Leucadia National Corporation (LUK)
Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Leucadia National Corporation (NYSE:LUK) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,592 shares of the conglomerate’s stock after buying an additional 13,585 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Leucadia National Corporation worth $7,811,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its position in 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 in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in Leucadia National Corporation during the first quarter worth about $192,000. Ameritas Investment Partners Inc. purchased a new position in Leucadia National Corporation during the first quarter worth about $202,000. Savant Capital LLC purchased a new position in Leucadia National Corporation during the second quarter worth about $202,000. Finally, Cleararc Capital Inc. purchased a new position in Leucadia National Corporation during the first quarter worth about $205,000. Institutional investors and hedge funds own 74.73% of the company’s stock.
Leucadia National Corporation (LUK) opened at 23.75 on Thursday. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 14.08 and a beta of 1.25. The company has a 50-day moving average of $25.74 and a 200-day moving average of $25.66. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.33.
Leucadia National Corporation (NYSE:LUK) last released its earnings results on Thursday, July 27th. The conglomerate reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.14. The business 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 revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, equities analysts predict that Leucadia National Corporation will post $1.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 15th. Leucadia National Corporation’s payout ratio is presently 3.55%.
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LUK has been the topic of a number of research analyst reports. TheStreet upgraded shares of Leucadia National Corporation from a “c” rating to a “b” rating in a research note on Friday, May 5th. Zacks Investment Research lowered shares of Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, BidaskClub lowered shares of 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.
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