Engineers Gate Manager LP Boosts Stake in Leucadia National Corp. (LUK)
Engineers Gate Manager LP increased its holdings in Leucadia National Corp. (NYSE:LUK) by 388.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 102,516 shares of the conglomerate’s stock after buying an additional 81,521 shares during the period. Engineers Gate Manager LP’s holdings in Leucadia National were worth $2,589,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Synovus Financial Corp boosted its stake in Leucadia National by 21.5% during the 3rd quarter. Synovus Financial Corp now owns 11,956 shares of the conglomerate’s stock valued at $302,000 after purchasing an additional 2,116 shares during the period. Pinebridge Investments L.P. lifted its stake in shares of Leucadia National by 44.3% in the 3rd quarter. Pinebridge Investments L.P. now owns 782,345 shares of the conglomerate’s stock worth $19,754,000 after acquiring an additional 240,323 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Leucadia National in the 3rd quarter worth approximately $3,297,000. Dimensional Fund Advisors LP lifted its stake in shares of Leucadia National by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,995,598 shares of the conglomerate’s stock worth $50,385,000 after acquiring an additional 31,674 shares during the period. Finally, Hartford Investment Management Co. lifted its stake in shares of Leucadia National by 4.6% in the 3rd quarter. Hartford Investment Management Co. now owns 73,620 shares of the conglomerate’s stock worth $1,859,000 after acquiring an additional 3,222 shares during the period. 75.11% of the stock is owned by institutional investors and hedge funds.
Leucadia National Corp. (LUK) traded up $0.06 during midday trading on Friday, hitting $26.00. 1,442,100 shares of the company were exchanged, compared to its average volume of 1,594,045. 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 Corp. has a twelve month low of $22.23 and a twelve month high of $27.33. The company has a market cap of $9,260.00, a P/E ratio of 16.74, a P/E/G ratio of 1.04 and a beta of 1.29.
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 issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. Leucadia National’s dividend payout ratio is currently 25.81%.
A number of analysts recently commented on LUK shares. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, October 10th. TheStreet upgraded shares of Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd. Finally, BidaskClub downgraded shares of Leucadia National from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.
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Leucadia National 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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