Leucadia National Corporation (LUK) Position Lowered by Sterling Capital Management LLC
Sterling Capital Management LLC decreased its position in shares of Leucadia National Corporation (NYSE:LUK) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,531,655 shares of the conglomerate’s stock after selling 169,975 shares during the quarter. Leucadia National Corporation accounts for approximately 1.1% of Sterling Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Sterling Capital Management LLC owned 1.26% of Leucadia National Corporation worth $118,548,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in LUK. UBS Asset Management Americas Inc. lifted its holdings in shares of Leucadia National Corporation by 5.4% during the first quarter. UBS Asset Management Americas Inc. now owns 875,484 shares of the conglomerate’s stock worth $22,763,000 after purchasing an additional 45,093 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Leucadia National Corporation during the first quarter worth about $202,000. Blair William & Co. IL purchased a new position in Leucadia National Corporation during the first quarter valued at approximately $289,000. Neuberger Berman Group LLC raised its position in Leucadia National Corporation by 4.7% during the first quarter. Neuberger Berman Group LLC now owns 28,737 shares of the conglomerate’s stock valued at $747,000 after acquiring an additional 1,290 shares in the last quarter. Finally, United Services Automobile Association raised its position in Leucadia National Corporation by 8.8% during the first quarter. United Services Automobile Association now owns 111,055 shares of the conglomerate’s stock valued at $2,887,000 after acquiring an additional 8,976 shares in the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.
Leucadia National Corporation (NYSE LUK) traded down 0.04% during mid-day trading on Wednesday, hitting $25.18. The stock had a trading volume of 453,774 shares. The firm has a market cap of $9.03 billion, a P/E ratio of 14.90 and a beta of 1.27. Leucadia National Corporation has a 12-month low of $17.87 and a 12-month high of $27.33. The stock has a 50-day moving average price of $24.11 and a 200 day moving average price of $25.27.
Leucadia National Corporation (NYSE:LUK) last posted its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.14). The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.65 billion. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. Equities analysts anticipate that Leucadia National Corporation will post $1.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were issued a $0.10 dividend. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, September 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is currently 23.67%.
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Several brokerages recently weighed in on LUK. BidaskClub cut Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday.
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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