Jump Trading LLC acquired a new stake in Leucadia National Corp. (NYSE:LUK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,059 shares of the conglomerate’s stock, valued at approximately $505,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in Leucadia National in the 4th quarter valued at approximately $127,000. NEXT Financial Group Inc purchased a new stake in Leucadia National in the 3rd quarter valued at approximately $134,000. Glenmede Trust Co. NA boosted its holdings in Leucadia National by 21,382.8% in the 4th quarter. Glenmede Trust Co. NA now owns 6,230 shares of the conglomerate’s stock valued at $164,000 after purchasing an additional 6,201 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Leucadia National by 144.5% in the 4th quarter. Macquarie Group Ltd. now owns 7,200 shares of the conglomerate’s stock valued at $478,000 after purchasing an additional 4,255 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC purchased a new stake in Leucadia National in the 4th quarter valued at approximately $202,000. 75.41% of the stock is currently owned by institutional investors.
Shares of Leucadia National stock opened at $24.65 on Monday. Leucadia National Corp. has a 12-month low of $22.23 and a 12-month high of $28.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $8,781.63, a P/E ratio of 56.02, a PEG ratio of 0.75 and a beta of 1.30.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. Leucadia National’s payout ratio is 90.91%.
A number of brokerages have weighed in on LUK. Zacks Investment Research raised Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, February 1st. TheStreet lowered Leucadia National from a “b” rating to a “c+” rating in a report on Thursday, February 22nd.
Leucadia National 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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