Dalton Investments LLC Decreases Holdings in Leucadia National Corporation (LUK)
Dalton Investments LLC lowered its stake in shares of Leucadia National Corporation (NYSE:LUK) by 51.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,000 shares of the conglomerate’s stock after selling 200,000 shares during the period. Leucadia National Corporation comprises about 2.1% of Dalton Investments LLC’s investment portfolio, making the stock its 11th biggest holding. Dalton Investments LLC owned 0.05% of Leucadia National Corporation worth $4,671,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of LUK. Savant Capital LLC acquired a new stake in shares of Leucadia National Corporation in the 2nd quarter valued at $202,000. Eagle Global Advisors LLC acquired a new stake in shares of Leucadia National Corporation in the 2nd quarter valued at $219,000. Profund Advisors LLC acquired a new stake in shares of Leucadia National Corporation in the 2nd quarter valued at $239,000. Saratoga Research & Investment Management acquired a new stake in shares of Leucadia National Corporation in the 3rd quarter valued at $249,000. Finally, Synovus Financial Corp lifted its stake in shares of Leucadia National Corporation by 19.5% in 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 during the last quarter. 75.00% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. TheStreet raised shares of Leucadia National Corporation from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of 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.
Leucadia National Corporation (NYSE:LUK) traded down $0.40 during mid-day trading on Monday, hitting $25.66. 903,400 shares of the company traded hands, compared to its average volume of 1,580,691. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.67 and a current ratio of 0.67. Leucadia National Corporation has a 1-year low of $20.17 and a 1-year high of $27.33. The firm has a market cap of $9,141.97, a price-to-earnings ratio of 16.56, a PEG ratio of 1.03 and a beta of 1.29.
Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.83%. The business’s revenue was up 8.2% on a year-over-year basis. sell-side analysts anticipate that Leucadia National Corporation will post 1.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, December 12th. Leucadia National Corporation’s dividend payout ratio is 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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