Leucadia National Corporation (NYSE:LUK) Stake Decreased by Texas Permanent School Fund
Texas Permanent School Fund decreased its stake in Leucadia National Corporation (NYSE:LUK) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 90,989 shares of the conglomerate’s stock after selling 3,627 shares during the period. Texas Permanent School Fund’s holdings in Leucadia National Corporation were worth $2,380,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in 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 Leucadia National Corporation during the first quarter valued at about $192,000. Atria Investments LLC purchased a new stake in Leucadia National Corporation during the first quarter valued at about $200,000. Ameritas Investment Partners Inc. purchased a new stake in Leucadia National Corporation during the first quarter valued at about $202,000. Finally, Cleararc Capital Inc. purchased a new stake in Leucadia National Corporation during the first quarter valued at about $205,000. 75.23% of the stock is owned by institutional investors and hedge funds.
Leucadia National Corporation (LUK) opened at 25.56 on Thursday. The firm has a market capitalization of $9.20 billion, a PE ratio of 15.12 and a beta of 1.25. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.34. The company’s 50-day moving average is $26.26 and its 200 day moving average is $25.63.
Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Leucadia National Corporation will post $1.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 15th. Leucadia National Corporation’s payout ratio is 3.55%.
Several research firms recently issued reports on LUK. BidaskClub raised shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research downgraded shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, TheStreet raised shares of Leucadia National Corporation from a “c” rating to a “b” rating in a 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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