Leucadia National Corporation (LUK) Stake Increased by Aberdeen Asset Management PLC UK
Aberdeen Asset Management PLC UK lifted its holdings in Leucadia National Corporation (NYSE:LUK) by 379.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,707 shares of the conglomerate’s stock after purchasing an additional 321,052 shares during the quarter. Aberdeen Asset Management PLC UK owned about 0.11% of Leucadia National Corporation worth $10,613,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of LUK. BlackRock Inc. boosted its position in shares of Leucadia National Corporation by 3,309.8% in the 1st quarter. BlackRock Inc. now owns 19,514,207 shares of the conglomerate’s stock worth $507,370,000 after purchasing an additional 18,941,908 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Leucadia National Corporation by 107.7% in the 1st quarter. Baillie Gifford & Co. now owns 14,415,651 shares of the conglomerate’s stock worth $374,807,000 after purchasing an additional 7,475,015 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Leucadia National Corporation in the 2nd quarter worth $43,884,000. Janus Capital Management LLC boosted its position in shares of Leucadia National Corporation by 438.9% in the 1st quarter. Janus Capital Management LLC now owns 1,888,782 shares of the conglomerate’s stock worth $49,108,000 after purchasing an additional 1,538,278 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Leucadia National Corporation by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 31,656,362 shares of the conglomerate’s stock worth $823,066,000 after purchasing an additional 1,511,066 shares in the last quarter. 74.69% of the stock is owned by hedge funds and other institutional investors.
Shares of Leucadia National Corporation (NYSE:LUK) opened at 23.03 on Wednesday. The stock has a 50 day moving average price of $24.75 and a 200-day moving average price of $25.56. The firm has a market cap of $8.26 billion, a PE ratio of 13.65 and a beta of 1.27. Leucadia National Corporation has a 52-week low of $17.87 and a 52-week high of $27.34.
Leucadia National Corporation (NYSE:LUK) last issued 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 analyst estimates of $2.65 billion. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The business’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 posted $0.15 EPS. On average, equities analysts anticipate that Leucadia National Corporation will post $1.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s payout ratio is presently 3.55%.
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A number of analysts have recently weighed in on LUK shares. Zacks Investment Research cut Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BidaskClub cut Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.
Leucadia National Corporation 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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