Foundation Resource Management Inc. trimmed its holdings in shares of Leucadia National Corp. (NYSE:LUK) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 815,643 shares of the conglomerate’s stock after selling 77,992 shares during the quarter. Leucadia National makes up about 3.9% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 10th largest holding. Foundation Resource Management Inc.’s holdings in Leucadia National were worth $21,606,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in LUK. Vanguard Group Inc. lifted its holdings in Leucadia National 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 purchasing an additional 1,941,382 shares in the last quarter. BlackRock Inc. lifted its holdings in Leucadia National by 6.0% during the second quarter. BlackRock Inc. now owns 20,684,654 shares of the conglomerate’s stock valued at $541,111,000 after purchasing an additional 1,170,447 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Leucadia National by 2.6% during the third quarter. Great West Life Assurance Co. Can now owns 5,439,841 shares of the conglomerate’s stock valued at $136,360,000 after purchasing an additional 139,293 shares in the last quarter. Arlington Value Capital LLC lifted its holdings in Leucadia National by 2.1% during the second quarter. Arlington Value Capital LLC now owns 3,639,068 shares of the conglomerate’s stock valued at $95,198,000 after purchasing an additional 75,200 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Leucadia National by 8.0% during the third quarter. Schroder Investment Management Group now owns 3,524,751 shares of the conglomerate’s stock valued at $88,506,000 after purchasing an additional 260,877 shares in the last quarter. Institutional investors own 74.86% of the company’s stock.
Shares of Leucadia National Corp. (NYSE:LUK) traded up $0.35 during trading hours on Wednesday, reaching $27.60. 3,808,300 shares of the company’s stock traded hands, compared to its average volume of 2,012,350. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67. Leucadia National Corp. has a twelve month low of $22.23 and a twelve month high of $28.14. The stock has a market capitalization of $9,800.00, a P/E ratio of 17.81, a P/E/G ratio of 0.92 and a beta of 1.29.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, December 12th. Leucadia National’s dividend payout ratio (DPR) is presently 25.81%.
Several brokerages have weighed in on LUK. TheStreet raised shares of Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, October 10th.
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Leucadia National 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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