Leucadia National Corporation (LUK) Position Boosted by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board lifted its stake in Leucadia National Corporation (NYSE:LUK) by 13.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 503,723 shares of the conglomerate’s stock after purchasing an additional 59,500 shares during the quarter. Canada Pension Plan Investment Board owned 0.14% of Leucadia National Corporation worth $12,719,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Savant Capital LLC purchased a new stake in Leucadia National Corporation in the 2nd quarter worth about $202,000. Eagle Global Advisors LLC purchased a new stake in Leucadia National Corporation in the 2nd quarter worth about $219,000. Profund Advisors LLC purchased a new stake in Leucadia National Corporation in the 2nd quarter worth about $239,000. Synovus Financial Corp lifted its stake in Leucadia National Corporation by 19.5% in the 2nd quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock worth $258,000 after acquiring an additional 1,609 shares in the last quarter. Finally, Saratoga Research & Investment Management purchased a new stake in Leucadia National Corporation in the 3rd quarter worth about $249,000. Institutional investors and hedge funds own 75.25% of the company’s stock.
Several brokerages recently issued reports on LUK. BidaskClub downgraded Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. TheStreet raised Leucadia National Corporation from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, October 10th.
Shares of Leucadia National Corporation (LUK) opened at $26.06 on Friday. The stock has a market capitalization of $9,273.79, a PE ratio of 16.79, a P/E/G ratio of 1.04 and a beta of 1.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67. Leucadia National Corporation has a one year low of $19.83 and a one year high of $27.33.
Leucadia National Corporation (NYSE:LUK) last announced its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. analysts predict that Leucadia National Corporation will post 1.39 earnings per share for the current 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, December 12th. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 25.81%.
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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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