Leucadia National Corporation (LUK) Shares Sold by New York State Teachers Retirement System
New York State Teachers Retirement System trimmed its stake in shares of Leucadia National Corporation (NYSE:LUK) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 585,449 shares of the conglomerate’s stock after selling 37,146 shares during the period. New York State Teachers Retirement System owned about 0.16% of Leucadia National Corporation worth $14,783,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Thrivent Financial For Lutherans lifted its holdings in shares of Leucadia National Corporation by 3.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock worth $321,000 after acquiring an additional 400 shares during the period. Assenagon Asset Management S.A. acquired a new position in Leucadia National Corporation in the 3rd quarter valued at approximately $8,823,000. State of Wisconsin Investment Board increased its position in Leucadia National Corporation by 30.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 282,552 shares of the conglomerate’s stock valued at $7,392,000 after acquiring an additional 65,460 shares during the period. Clearbridge Investments LLC increased its position in Leucadia National Corporation by 23.1% in the 1st quarter. Clearbridge Investments LLC now owns 32,000 shares of the conglomerate’s stock valued at $832,000 after acquiring an additional 6,000 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Leucadia National Corporation by 20.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,668 shares of the conglomerate’s stock valued at $2,163,000 after purchasing an additional 14,059 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.
Shares of Leucadia National Corporation (NYSE:LUK) opened at $25.88 on Wednesday. Leucadia National Corporation has a fifty-two week low of $18.27 and a fifty-two week high of $27.33. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. The stock has a market cap of $9,255.97, a P/E ratio of 16.76, a P/E/G ratio of 1.04 and a beta of 1.29.
Leucadia National Corporation (NYSE:LUK) last posted its earnings results on Thursday, October 26th. The conglomerate reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.66 billion. Leucadia National Corporation had a return on equity of 5.83% and a net margin of 5.48%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. analysts predict that Leucadia National Corporation will post 1.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. Leucadia National Corporation’s dividend payout ratio is currently 25.81%.
A number of research analysts have weighed in on LUK shares. Zacks Investment Research raised shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub lowered shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet upgraded shares of Leucadia National Corporation from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd.
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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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