Foundation Resource Management Inc. trimmed its holdings in shares of Leucadia National Corp. (NYSE:LUK) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 815,643 shares of the conglomerate’s stock after selling 77,992 shares during the quarter. Leucadia National accounts for approximately 3.9% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 10th largest holding. Foundation Resource Management Inc. owned approximately 0.23% of Leucadia National worth $21,606,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in LUK. Janus Henderson Group PLC grew its stake in Leucadia National by 7,168.5% in the second quarter. Janus Henderson Group PLC now owns 3,320,485 shares of the conglomerate’s stock valued at $86,864,000 after purchasing an additional 3,274,802 shares during the last quarter. Vanguard Group Inc. grew its stake in Leucadia National by 6.1% in 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 during the last quarter. BlackRock Inc. grew its stake in shares of Leucadia National by 6.0% during the second quarter. BlackRock Inc. now owns 20,684,654 shares of the conglomerate’s stock worth $541,111,000 after acquiring an additional 1,170,447 shares during the last quarter. AJO LP grew its stake in shares of Leucadia National by 326.7% during the second quarter. AJO LP now owns 1,277,954 shares of the conglomerate’s stock worth $33,431,000 after acquiring an additional 978,467 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Leucadia National by 50.9% during the third quarter. American Century Companies Inc. now owns 2,531,865 shares of the conglomerate’s stock worth $63,930,000 after acquiring an additional 854,352 shares during the last quarter. Institutional investors and hedge funds own 74.86% of the company’s stock.
Shares of Leucadia National Corp. (LUK) traded down $0.38 during trading hours on Wednesday, reaching $27.55. The company’s stock had a trading volume of 1,322,300 shares, compared to its average volume of 1,748,880. Leucadia National Corp. has a one year low of $22.23 and a one year high of $28.30. The firm has a market capitalization of $9,830.00, a P/E ratio of 17.77, a PEG ratio of 0.96 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 posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.10. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Leucadia National had a return on equity of 5.83% and a net margin of 5.48%. Leucadia National’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities research analysts anticipate that Leucadia National Corp. will post 1.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, December 12th. Leucadia National’s dividend payout ratio (DPR) is presently 25.81%.
A number of equities research analysts have recently weighed in on LUK shares. Zacks Investment Research upgraded Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, October 10th. TheStreet raised Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd.
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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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