Elgethun Capital Management Sells 552 Shares of Leucadia National Corporation (LUK)
Elgethun Capital Management reduced its stake in shares of Leucadia National Corporation (NYSE:LUK) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,968 shares of the conglomerate’s stock after selling 552 shares during the quarter. Leucadia National Corporation accounts for approximately 2.7% of Elgethun Capital Management’s portfolio, making the stock its 12th largest holding. Elgethun Capital Management’s holdings in Leucadia National Corporation were worth $3,453,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of 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 purchasing an additional 776 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Leucadia National Corporation in the second quarter worth about $202,000. Ameritas Investment Partners Inc. bought a new stake in shares of Leucadia National Corporation in the first quarter worth about $202,000. Cleararc Capital Inc. bought a new stake in shares of Leucadia National Corporation in the first quarter worth about $205,000. Finally, Eagle Global Advisors LLC bought a new stake in shares of Leucadia National Corporation in the second quarter worth about $219,000. 74.69% of the stock is currently owned by hedge funds and other institutional investors.
Leucadia National Corporation (NYSE LUK) traded up 0.40% during trading on Friday, hitting $22.36. 2,372,310 shares of the stock traded hands. Leucadia National Corporation has a 12 month low of $17.87 and a 12 month high of $27.34. The firm has a 50-day moving average price of $24.86 and a 200 day moving average price of $25.59. The firm has a market cap of $8.02 billion, a PE ratio of 13.25 and a beta of 1.27.
Leucadia National Corporation (NYSE:LUK) last posted 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 firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, equities analysts forecast that Leucadia National Corporation will post $1.29 EPS for the current fiscal year.
The firm also recently announced 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 dividend yield of 1.79%. The ex-dividend date is Friday, September 15th. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s dividend payout ratio (DPR) is 3.55%.
LUK has been the topic of several recent analyst reports. BidaskClub raised Leucadia National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised Leucadia National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd.
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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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