Boston Partners Raises Stake in Leucadia National Corp. (LUK)
Boston Partners increased its position in Leucadia National Corp. (NYSE:LUK) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 721,792 shares of the conglomerate’s stock after buying an additional 120,504 shares during the period. Boston Partners’ holdings in Leucadia National were worth $19,120,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of LUK. Thrivent Financial For Lutherans boosted its stake in Leucadia National by 3.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock valued at $321,000 after purchasing an additional 400 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Leucadia National during the 3rd quarter valued at about $8,823,000. Pinebridge Investments L.P. boosted its stake in Leucadia National by 44.3% during the 3rd quarter. Pinebridge Investments L.P. now owns 782,345 shares of the conglomerate’s stock valued at $19,754,000 after purchasing an additional 240,323 shares during the last quarter. Stifel Financial Corp boosted its stake in Leucadia National by 12.4% during the 2nd quarter. Stifel Financial Corp now owns 79,894 shares of the conglomerate’s stock valued at $2,089,000 after purchasing an additional 8,823 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Leucadia National by 1.0% during the 3rd quarter. New York State Common Retirement Fund now owns 1,537,565 shares of the conglomerate’s stock valued at $38,824,000 after purchasing an additional 14,794 shares during the last quarter. Institutional investors own 74.78% of the company’s stock.
LUK has been the subject of a number of analyst reports. TheStreet upgraded Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded Leucadia National from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st.
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About Leucadia National
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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