Ladenburg Thalmann Financial Services Inc. trimmed its stake in Leucadia National Corp. (NYSE:LUK) by 12.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,937 shares of the conglomerate’s stock after selling 7,048 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Leucadia National were worth $1,236,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of LUK. NEXT Financial Group Inc purchased a new position in shares of Leucadia National during the third quarter valued at $134,000. Magnetar Financial LLC purchased a new position in Leucadia National in the third quarter valued at about $237,000. Profund Advisors LLC purchased a new position in Leucadia National in the second quarter valued at about $239,000. Saratoga Research & Investment Management purchased a new position in Leucadia National in the third quarter valued at about $249,000. Finally, Synovus Financial Corp grew its stake in Leucadia National by 19.5% in the second quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock valued at $258,000 after purchasing an additional 1,609 shares in the last quarter. Institutional investors and hedge funds own 74.86% of the company’s stock.
Leucadia National Corp. (NYSE:LUK) traded up $0.15 during mid-day trading on Thursday, hitting $27.98. The stock had a trading volume of 1,350,000 shares, compared to its average volume of 2,030,000. The company has a market cap of $9,970.00, a price-to-earnings ratio of 18.05, a P/E/G ratio of 0.92 and a beta of 1.29. Leucadia National Corp. has a 52 week low of $22.23 and a 52 week high of $28.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.67 and a current ratio of 0.67.
Leucadia National (NYSE:LUK) last posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.10. Leucadia National had a return on equity of 5.83% and a net margin of 5.48%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.66 billion. The company’s quarterly revenue was up 8.2% on a year-over-year basis. research analysts expect that Leucadia National Corp. will post 1.59 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, December 12th. Leucadia National’s dividend payout ratio (DPR) is currently 25.81%.
A number of brokerages have weighed in on LUK. TheStreet raised Leucadia National from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd. Zacks Investment Research raised Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report 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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