State of Tennessee Treasury Department Has $2.18 Million Position in Leucadia National Corporation (LUK)
State of Tennessee Treasury Department cut its stake in Leucadia National Corporation (NYSE:LUK) by 76.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,154 shares of the conglomerate’s stock after selling 283,603 shares during the period. State of Tennessee Treasury Department’s holdings in Leucadia National Corporation were worth $2,175,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Leucadia National Corporation by 7,168.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,320,485 shares of the conglomerate’s stock worth $86,864,000 after buying an additional 3,274,802 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Leucadia National Corporation by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 33,597,744 shares of the conglomerate’s stock worth $878,918,000 after buying an additional 1,941,382 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Leucadia National Corporation during the 2nd quarter worth approximately $43,884,000. BlackRock Inc. boosted its holdings in shares of Leucadia National Corporation by 6.0% during the 2nd quarter. BlackRock Inc. now owns 20,684,654 shares of the conglomerate’s stock worth $541,111,000 after buying an additional 1,170,447 shares in the last quarter. Finally, AJO LP boosted its holdings in shares of Leucadia National Corporation by 326.7% during the 2nd quarter. AJO LP now owns 1,277,954 shares of the conglomerate’s stock worth $33,431,000 after buying an additional 978,467 shares in the last quarter. Institutional investors and hedge funds own 75.36% of the company’s stock.
A number of equities analysts have issued reports on the company. TheStreet upgraded Leucadia National Corporation from a “c+” rating to a “b-” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, October 10th. Finally, BidaskClub cut Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.
Leucadia National Corporation (NYSE LUK) opened at $25.13 on Monday. Leucadia National Corporation has a twelve month low of $20.61 and a twelve month high of $27.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $8,953.14, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.00 and a beta of 1.29.
Leucadia National Corporation (NYSE:LUK) last issued its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Leucadia National Corporation had a return on equity of 5.83% and a net margin of 5.48%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.66 billion. 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 announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, December 12th. Leucadia National Corporation’s dividend payout ratio is currently 25.81%.
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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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