Wedbush Securities Inc. Sells 4,240 Shares of Leucadia National Corp. (LUK)
Wedbush Securities Inc. cut its holdings in Leucadia National Corp. (NYSE:LUK) by 10.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,587 shares of the conglomerate’s stock after selling 4,240 shares during the period. Wedbush Securities Inc.’s holdings in Leucadia National Corp. were worth $924,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Investors Inc. PA raised its holdings in shares of Leucadia National Corp. by 0.3% in the second quarter. Federated Investors Inc. PA now owns 16,014 shares of the conglomerate’s stock valued at $419,000 after purchasing an additional 52 shares during the last quarter. Creative Planning increased its holdings in Leucadia National Corp. by 0.4% during the second quarter. Creative Planning now owns 12,316 shares of the conglomerate’s stock worth $322,000 after buying an additional 55 shares during the last quarter. ING Groep NV increased its holdings in Leucadia National Corp. by 0.4% during 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 last quarter. CIBC Asset Management Inc increased its holdings in Leucadia National Corp. by 0.3% during the second quarter. CIBC Asset Management Inc now owns 32,772 shares of the conglomerate’s stock worth $857,000 after buying an additional 90 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Leucadia National Corp. by 0.3% during the second quarter. US Bancorp DE now owns 30,860 shares of the conglomerate’s stock worth $807,000 after buying an additional 97 shares during the last quarter. Institutional investors own 75.17% of the company’s stock.
LUK has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Leucadia National Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
Shares of Leucadia National Corp. (NYSE:LUK) traded up $0.42 on Friday, reaching $25.75. 1,323,078 shares of the company were exchanged, compared to its average volume of 1,221,990. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.62 and a current ratio of 0.67. Leucadia National Corp. has a fifty-two week low of $17.87 and a fifty-two week high of $27.33. The firm has a market capitalization of $9.17 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28.
Leucadia National Corp. (NYSE:LUK) last released its quarterly earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.10. Leucadia National Corp. had a return on equity of 5.83% and a net margin of 5.48%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.66 billion. The company’s quarterly revenue was up 8.2% on a year-over-year basis. analysts predict that Leucadia National Corp. will post 1.31 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, December 12th. Leucadia National Corp.’s dividend payout ratio is currently 25.81%.
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About Leucadia National Corp.
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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