State Board of Administration of Florida Retirement System cut its stake in shares of Leucadia National Corporation (NYSE:LUK) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 484,696 shares of the conglomerate’s stock after selling 3,099 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Leucadia National Corporation worth $12,680,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LUK. IFP Advisors Inc increased its stake in shares of Leucadia National Corporation by 14.2% in the first quarter. IFP Advisors Inc now owns 6,258 shares of the conglomerate’s stock valued at $163,000 after buying an additional 776 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Leucadia National Corporation during the first quarter valued at $192,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Leucadia National Corporation during the first quarter valued at $202,000. Savant Capital LLC purchased a new stake in shares of Leucadia National Corporation during the second quarter valued at $202,000. Finally, Cleararc Capital Inc. purchased a new stake in shares of Leucadia National Corporation during the first quarter valued at $205,000. 74.73% of the stock is currently owned by institutional investors and hedge funds.

Leucadia National Corporation (NYSE:LUK) opened at 23.69 on Wednesday. The stock has a market cap of $8.50 billion, a P/E ratio of 14.04 and a beta of 1.25. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.33. The company has a 50-day moving average of $25.74 and a 200 day moving average of $25.66.

Leucadia National Corporation (NYSE:LUK) last issued its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.14. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts predict that Leucadia National Corporation will post $1.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 3.55%.

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Several equities research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, TheStreet raised shares of Leucadia National Corporation from a “c” rating to a “b” rating in a research note on Friday, May 5th.

Leucadia National Corporation Company 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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