Foundation Resource Management Inc. cut its stake in Leucadia National Corp. (NYSE:LUK) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 815,643 shares of the conglomerate’s stock after selling 77,992 shares during the quarter. Leucadia National accounts for about 3.9% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 10th largest holding. Foundation Resource Management Inc. owned 0.23% of Leucadia National worth $21,606,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc bought a new stake in shares of Leucadia National in the third quarter worth approximately $134,000. Profund Advisors LLC bought a new stake in shares of Leucadia National in the second quarter worth approximately $239,000. Magnetar Financial LLC bought a new stake in shares of Leucadia National in the third quarter worth approximately $237,000. Saratoga Research & Investment Management bought a new stake in shares of Leucadia National in the third quarter worth approximately $249,000. Finally, Cadence Capital Management LLC bought a new stake in shares of Leucadia National in the third quarter worth approximately $279,000. Hedge funds and other institutional investors own 74.86% of the company’s stock.
Shares of Leucadia National Corp. (LUK) traded up $0.35 during mid-day trading on Wednesday, hitting $27.60. 3,808,300 shares of the stock were exchanged, compared to its average volume of 2,012,350. Leucadia National Corp. has a 52-week low of $22.23 and a 52-week high of $28.14. The company has a market capitalization of $9,800.00, a price-to-earnings ratio of 17.81, a PEG ratio of 0.92 and a beta of 1.29. 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 (NYSE:LUK) last announced its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. Leucadia National had a net margin of 5.48% and a return on equity of 5.83%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. sell-side analysts forecast that Leucadia National Corp. will post 1.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.40 annualized dividend and a yield of 1.45%. Leucadia National’s dividend payout ratio (DPR) is 25.81%.
A number of analysts have recently commented on the stock. TheStreet upgraded shares of Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, October 10th.
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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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