Third Avenue Management LLC lowered its position in shares of Leucadia National Corporation (NYSE:LUK) by 20.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,233 shares of the conglomerate’s stock after selling 26,200 shares during the period. Third Avenue Management LLC’s holdings in Leucadia National Corporation were worth $2,531,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Thrivent Financial For Lutherans boosted its stake in Leucadia National Corporation by 3.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock valued at $321,000 after acquiring an additional 400 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Leucadia National Corporation in the third quarter valued at $8,823,000. State of Wisconsin Investment Board boosted its stake in Leucadia National Corporation by 30.2% in the second quarter. State of Wisconsin Investment Board now owns 282,552 shares of the conglomerate’s stock valued at $7,392,000 after acquiring an additional 65,460 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Leucadia National Corporation by 23.1% in the first quarter. Clearbridge Investments LLC now owns 32,000 shares of the conglomerate’s stock valued at $832,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Leucadia National Corporation by 20.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,668 shares of the conglomerate’s stock valued at $2,163,000 after acquiring an additional 14,059 shares in the last quarter. Hedge funds and other institutional investors own 75.17% of the company’s stock.
Leucadia National Corporation (NYSE LUK) traded up 0.55% during trading on Tuesday, reaching $25.46. 131,475 shares of the company’s stock traded hands. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.33. The stock has a market capitalization of $9.13 billion, a P/E ratio of 15.09 and a beta of 1.27. The stock has a 50-day moving average price of $24.89 and a 200 day moving average price of $25.23.
Leucadia National Corporation (NYSE:LUK) last released its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.10. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.66 billion. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.85%. The business’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Leucadia National Corporation will post $1.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 12th. Leucadia National Corporation’s payout ratio is currently 25.81%.
Several equities analysts have issued reports on LUK shares. Zacks Investment Research upgraded shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub downgraded shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.
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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