Cubist Systematic Strategies LLC lessened its stake in Leucadia National Corporation (NYSE:LUK) by 68.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,525 shares of the conglomerate’s stock after selling 18,454 shares during the period. Cubist Systematic Strategies LLC’s holdings in Leucadia National Corporation were worth $223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Savant Capital LLC bought a new stake in shares of Leucadia National Corporation during the 2nd quarter valued at about $202,000. Eagle Global Advisors LLC bought a new stake in shares of Leucadia National Corporation during the 2nd quarter valued at about $219,000. Profund Advisors LLC bought a new stake in shares of Leucadia National Corporation during the 2nd quarter valued at about $239,000. Synovus Financial Corp boosted its position in shares of Leucadia National Corporation by 19.5% during the 2nd quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock valued at $258,000 after purchasing an additional 1,609 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in shares of Leucadia National Corporation during the 2nd quarter valued at about $287,000. Hedge funds and other institutional investors own 75.17% of the company’s stock.

Several equities research analysts recently commented on LUK shares. Zacks Investment Research upgraded Leucadia National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub lowered Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.

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Leucadia National Corporation (NYSE:LUK) last announced its quarterly earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. Leucadia National Corporation had a return on equity of 5.85% and a net margin of 5.48%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.66 billion. The business’s quarterly revenue was up 8.2% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. Leucadia National Corporation’s dividend payout ratio is presently 25.81%.

Leucadia National Corporation 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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Institutional Ownership by Quarter for Leucadia National Corporation (NYSE:LUK)

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