Leucadia National Corporation (LUK) Position Held by Eii Capital Management Inc.
Eii Capital Management Inc. held its stake in shares of Leucadia National Corporation (NYSE:LUK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 138,600 shares of the conglomerate’s stock at the end of the second quarter. Leucadia National Corporation makes up about 1.2% of Eii Capital Management Inc.’s holdings, making the stock its 27th largest position. Eii Capital Management Inc.’s holdings in Leucadia National Corporation were worth $3,626,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in Leucadia National Corporation by 175.4% in the first quarter. Prudential Financial Inc. now owns 1,976,039 shares of the conglomerate’s stock worth $51,377,000 after buying an additional 1,258,470 shares during the period. Shell Asset Management Co. increased its stake in Leucadia National Corporation by 9.2% in the first quarter. Shell Asset Management Co. now owns 21,005 shares of the conglomerate’s stock worth $546,000 after buying an additional 1,778 shares during the period. Clearbridge Investments LLC increased its stake in Leucadia National Corporation by 23.1% in the first quarter. Clearbridge Investments LLC now owns 32,000 shares of the conglomerate’s stock worth $832,000 after buying an additional 6,000 shares during the period. Teza Capital Management LLC bought a new stake in Leucadia National Corporation during the first quarter worth approximately $350,000. Finally, Jane Street Group LLC bought a new stake in Leucadia National Corporation during the first quarter worth approximately $789,000. Hedge funds and other institutional investors own 74.73% of the company’s stock.
Shares of Leucadia National Corporation (NYSE LUK) opened at 23.75 on Wednesday. The firm’s 50 day moving average is $25.74 and its 200-day moving average is $25.66. Leucadia National Corporation has a 52-week low of $17.87 and a 52-week high of $27.33. The company has a market capitalization of $8.52 billion, a P/E ratio of 14.08 and a beta of 1.25.
Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 return on equity of 6.27% and a net margin of 5.94%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. Equities research analysts anticipate that Leucadia National Corporation will post $1.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.10 per share. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, September 15th. Leucadia National Corporation’s payout ratio is 3.55%.
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A number of analysts have commented on the stock. 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 downgraded shares of Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, TheStreet upgraded shares of Leucadia National Corporation from a “c” rating to a “b” rating in a research report on Friday, May 5th.
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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