Leucadia National Corporation (LUK) Holdings Held by Fairholme Capital Management LLC
Fairholme Capital Management LLC continued to hold its stake in Leucadia National Corporation (NYSE:LUK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,000 shares of the conglomerate’s stock at the close of the 2nd quarter. Leucadia National Corporation accounts for approximately 0.2% of Fairholme Capital Management LLC’s holdings, making the stock its 9th biggest holding. Fairholme Capital Management LLC’s holdings in Leucadia National Corporation were worth $1,727,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. State of Wisconsin Investment Board grew its position in Leucadia National Corporation by 30.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 282,552 shares of the conglomerate’s stock worth $7,392,000 after purchasing an additional 65,460 shares in the last quarter. Clearbridge Investments LLC grew its position in Leucadia National Corporation by 23.1% in the 1st quarter. Clearbridge Investments LLC now owns 32,000 shares of the conglomerate’s stock worth $832,000 after purchasing an additional 6,000 shares in the last quarter. Jane Street Group LLC bought a new stake in Leucadia National Corporation in the 1st quarter worth about $789,000. Stifel Financial Corp grew its position in Leucadia National Corporation by 76.3% in the 1st quarter. Stifel Financial Corp now owns 71,071 shares of the conglomerate’s stock worth $1,855,000 after purchasing an additional 30,769 shares in the last quarter. Finally, Airain ltd bought a new stake in Leucadia National Corporation in the 2nd quarter worth about $1,624,000. 74.66% of the stock is owned by institutional investors and hedge funds.
Shares of Leucadia National Corporation (LUK) traded up 0.71% during midday trading on Thursday, reaching $25.60. 396,428 shares of the company’s stock were exchanged. The stock has a market capitalization of $9.18 billion, a P/E ratio of 15.17 and a beta of 1.27. Leucadia National Corporation has a 12-month low of $17.87 and a 12-month high of $27.34. The firm has a 50-day moving average of $23.98 and a 200-day moving average of $25.30.
Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.65 billion. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. Analysts anticipate that Leucadia National Corporation will post $1.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were paid a $0.10 dividend. The ex-dividend date was Friday, September 15th. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. Leucadia National Corporation’s payout ratio is currently 23.67%.
A number of brokerages have issued reports on LUK. BidaskClub downgraded shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd.
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About Leucadia National Corporation
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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