Nisa Investment Advisors LLC trimmed its holdings in shares of Leucadia National Corp. (NYSE:LUK) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,492 shares of the conglomerate’s stock after selling 39,272 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Leucadia National were worth $4,040,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in LUK. Janus Henderson Group PLC lifted its position in shares of Leucadia National by 7,168.5% during the second quarter. Janus Henderson Group PLC now owns 3,320,485 shares of the conglomerate’s stock worth $86,864,000 after purchasing an additional 3,274,802 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Leucadia National by 6.1% during the second quarter. Vanguard Group Inc. now owns 33,597,744 shares of the conglomerate’s stock worth $878,918,000 after purchasing an additional 1,941,382 shares during the last quarter. BlackRock Inc. lifted its position 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 purchasing an additional 1,170,447 shares during the last quarter. American Century Companies Inc. lifted its position 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 purchasing an additional 854,352 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Leucadia National by 1,142.7% during the third quarter. First Trust Advisors LP now owns 911,133 shares of the conglomerate’s stock worth $23,006,000 after purchasing an additional 837,812 shares during the last quarter. Institutional investors and hedge funds own 74.86% of the company’s stock.
Shares of Leucadia National Corp. (LUK) opened at $27.82 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $9,815.32, a price-to-earnings ratio of 17.95, a PEG ratio of 0.94 and a beta of 1.29. Leucadia National Corp. has a 52-week low of $22.23 and a 52-week high of $28.30.
Leucadia National (NYSE:LUK) last released its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.10. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate 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 was up 8.2% compared to the same quarter last year. equities research analysts predict that Leucadia National Corp. will post 1.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. Leucadia National’s payout ratio is currently 25.81%.
LUK has been the subject of several research analyst reports. Zacks Investment Research upgraded Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, October 10th. TheStreet upgraded Leucadia National from a “c+” rating to a “b-” rating in a research 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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