Zacks Investment Management Has $423,000 Holdings in Leucadia National Corporation (LUK)
Zacks Investment Management trimmed its holdings in shares of Leucadia National Corporation (NYSE:LUK) by 74.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,153 shares of the conglomerate’s stock after selling 46,561 shares during the period. Zacks Investment Management’s holdings in Leucadia National Corporation were worth $423,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of LUK. BlackRock Inc. boosted its position in Leucadia National Corporation by 3,309.8% during the first quarter. BlackRock Inc. now owns 19,514,207 shares of the conglomerate’s stock valued at $507,370,000 after buying an additional 18,941,908 shares during the period. Vanguard Group Inc. boosted its position in Leucadia National Corporation by 6.1% during the second quarter. Vanguard Group Inc. now owns 33,597,744 shares of the conglomerate’s stock valued at $878,918,000 after buying an additional 1,941,382 shares during the period. American Century Companies Inc. purchased a new stake in Leucadia National Corporation during the second quarter valued at about $43,884,000. Janus Capital Management LLC boosted its position in Leucadia National Corporation by 438.9% during the first quarter. Janus Capital Management LLC now owns 1,888,782 shares of the conglomerate’s stock valued at $49,108,000 after buying an additional 1,538,278 shares during the period. Finally, AJO LP boosted its position in Leucadia National Corporation by 326.7% during the second quarter. AJO LP now owns 1,277,954 shares of the conglomerate’s stock valued at $33,431,000 after buying an additional 978,467 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.
Several research firms have issued reports on LUK. BidaskClub lowered shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd.
Leucadia National Corporation (NYSE LUK) opened at 25.42 on Thursday. The company has a market capitalization of $9.12 billion, a P/E ratio of 15.07 and a beta of 1.27. Leucadia National Corporation has a 52 week low of $17.87 and a 52 week high of $27.34. The stock’s 50 day moving average is $23.98 and its 200 day moving average is $25.30.
Leucadia National Corporation (NYSE:LUK) last issued its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts expect that Leucadia National Corporation will post $1.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were paid a $0.10 dividend. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, September 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 23.67%.
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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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