Fernwood Investment Management LLC reduced its stake in shares of Leucadia National Corporation (NYSE:LUK) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,250 shares of the conglomerate’s stock after selling 1,200 shares during the period. Fernwood Investment Management LLC’s holdings in Leucadia National Corporation were worth $870,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of Leucadia National Corporation by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 406,264 shares of the conglomerate’s stock valued at $9,446,000 after buying an additional 18,787 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in Leucadia National Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 279,159 shares of the conglomerate’s stock worth $7,258,000 after buying an additional 8,406 shares during the last quarter. Creative Planning increased its position in Leucadia National Corporation by 3.4% in the first quarter. Creative Planning now owns 12,261 shares of the conglomerate’s stock worth $319,000 after buying an additional 401 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Leucadia National Corporation by 2.1% in the first quarter. Gulf International Bank UK Ltd now owns 93,568 shares of the conglomerate’s stock worth $2,432,000 after buying an additional 1,900 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Leucadia National Corporation by 10.3% in the first quarter. Bank of Montreal Can now owns 510,315 shares of the conglomerate’s stock worth $13,269,000 after buying an additional 47,717 shares during the last quarter. 75.48% of the stock is currently owned by institutional investors.

Shares of Leucadia National Corporation (NYSE:LUK) opened at 24.75 on Wednesday. The company’s 50-day moving average price is $26.24 and its 200-day moving average price is $25.68. Leucadia National Corporation has a 12 month low of $17.87 and a 12 month high of $27.33. The company has a market cap of $8.88 billion, a P/E ratio of 14.67 and a beta of 1.25.

Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.14. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. Equities analysts forecast that Leucadia National Corporation will post $1.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be given 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 1.62%. The ex-dividend date is Friday, September 15th. Leucadia National Corporation’s dividend payout ratio is currently 3.55%.

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A number of research firms have recently issued reports on LUK. BidaskClub downgraded Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, TheStreet raised 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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Institutional Ownership by Quarter for Leucadia National Corporation (NYSE:LUK)

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