Leucadia National Corporation (LUK) Shares Bought by Check Capital Management Inc. CA
Check Capital Management Inc. CA lifted its position in Leucadia National Corporation (NYSE:LUK) by 96.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,328 shares of the conglomerate’s stock after purchasing an additional 14,364 shares during the quarter. Check Capital Management Inc. CA’s holdings in Leucadia National Corporation were worth $741,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Savant Capital LLC bought a new position in shares of Leucadia National Corporation in the second quarter worth $202,000. Eagle Global Advisors LLC bought a new position in shares of Leucadia National Corporation in the second quarter worth $219,000. Profund Advisors LLC bought a new position in shares of Leucadia National Corporation in the second quarter worth $239,000. Saratoga Research & Investment Management bought a new position in shares of Leucadia National Corporation in the third quarter worth $249,000. Finally, Synovus Financial Corp increased its holdings in shares of Leucadia National Corporation by 19.5% in the second quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock worth $258,000 after purchasing an additional 1,609 shares during the period. 75.00% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. TheStreet upgraded shares of Leucadia National Corporation from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, October 10th.
Shares of Leucadia National Corporation (LUK) traded down $0.22 during trading hours on Friday, reaching $25.05. 1,916,700 shares of the company traded hands, compared to its average volume of 1,577,029. Leucadia National Corporation has a one year low of $20.61 and a one year high of $27.33. The stock has a market capitalization of $8,990.00, a price-to-earnings ratio of 16.30, a PEG ratio of 1.01 and a beta of 1.28. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67.
Leucadia National Corporation (NYSE:LUK) last announced its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.10. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.83%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities analysts predict that Leucadia National Corporation will post 1.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.40 annualized dividend and a yield of 1.60%. Leucadia National Corporation’s dividend payout ratio (DPR) 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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