Public Employees Retirement Association of Colorado cut its position in shares of Leucadia National Corporation (NYSE:LUK) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 67,501 shares of the conglomerate’s stock after selling 250 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Leucadia National Corporation were worth $1,766,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Eidelman Virant Capital acquired a new stake in shares of Leucadia National Corporation during the second quarter worth $1,253,000. ING Groep NV raised its stake in shares of Leucadia National Corporation by 0.4% in the second quarter. ING Groep NV now owns 16,589 shares of the conglomerate’s stock worth $434,000 after buying an additional 59 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of Leucadia National Corporation by 114.0% in the second quarter. Contravisory Investment Management Inc. now owns 11,049 shares of the conglomerate’s stock worth $289,000 after buying an additional 5,887 shares during the period. SeaBridge Investment Advisors LLC raised its stake in shares of Leucadia National Corporation by 5.2% in the second quarter. SeaBridge Investment Advisors LLC now owns 19,143 shares of the conglomerate’s stock worth $501,000 after buying an additional 940 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of Leucadia National Corporation by 109.9% in the second quarter. APG Asset Management N.V. now owns 131,606 shares of the conglomerate’s stock worth $3,443,000 after buying an additional 68,900 shares during the period. Institutional investors and hedge funds own 75.23% of the company’s stock.

Shares of Leucadia National Corporation (LUK) opened at 24.72 on Friday. Leucadia National Corporation has a 52 week low of $17.87 and a 52 week high of $27.34. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 14.65 and a beta of 1.25. The firm’s 50-day moving average price is $26.25 and its 200-day moving average price is $25.64.

Leucadia National Corporation (NYSE:LUK) last posted its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the firm posted $0.15 EPS. Leucadia National Corporation’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts expect that Leucadia National Corporation will post $1.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.62%. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 15th. Leucadia National Corporation’s payout ratio is currently 3.55%.

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A number of equities research analysts have weighed in on the company. BidaskClub lowered Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research lowered Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, TheStreet upgraded 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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