Ontario Teachers Pension Plan Board Invests $499,000 in Leucadia National Corporation (LUK) Stock
Ontario Teachers Pension Plan Board bought a new stake in Leucadia National Corporation (NYSE:LUK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,077 shares of the conglomerate’s stock, valued at approximately $499,000.
A number of other hedge funds have also recently bought and sold shares of LUK. Ameritas Investment Partners Inc. bought a new position in Leucadia National Corporation in the first quarter valued at about $202,000. Savant Capital LLC bought a new position in Leucadia National Corporation in the second quarter valued at about $202,000. Eagle Global Advisors LLC bought a new position in Leucadia National Corporation in the second quarter valued at about $219,000. Two Sigma Securities LLC bought a new position in Leucadia National Corporation in the first quarter valued at about $227,000. Finally, Profund Advisors LLC bought a new position in Leucadia National Corporation in the second quarter valued at about $239,000. 74.66% of the stock is currently owned by institutional investors.
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Leucadia National Corporation (NYSE:LUK) opened at 25.42 on Thursday. The company has a market cap of $9.12 billion, a P/E ratio of 15.07 and a beta of 1.27. 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 $23.98 and a 200-day moving average price of $25.30.
Leucadia National Corporation (NYSE:LUK) last issued its quarterly 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). Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. On average, analysts forecast that Leucadia National Corporation will post $1.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s payout ratio is currently 23.67%.
A number of research analysts have weighed in on LUK shares. BidaskClub downgraded Leucadia National Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Leucadia National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
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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