Foundation Resource Management Inc. decreased its stake in shares of Leucadia National Corp. (NYSE:LUK) by 8.7% in the 4th quarter, according to the company in its most recent 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 comprises approximately 3.9% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 10th largest holding. Foundation Resource Management Inc. owned about 0.23% of Leucadia National worth $21,606,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc acquired a new stake in shares of Leucadia National during the 3rd quarter worth approximately $134,000. Magnetar Financial LLC acquired a new stake in shares of Leucadia National during the 3rd quarter worth approximately $237,000. Profund Advisors LLC bought a new position in shares of Leucadia National in the 2nd quarter worth $239,000. Saratoga Research & Investment Management bought a new position in shares of Leucadia National in the 3rd quarter worth $249,000. Finally, Cadence Capital Management LLC bought a new position in shares of Leucadia National in the 3rd quarter worth $279,000. 74.95% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on LUK. Zacks Investment Research upgraded Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday. TheStreet upgraded Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd.
Shares of Leucadia National Corp. (NYSE:LUK) traded down $0.04 during trading hours on Thursday, reaching $27.03. The company’s stock had a trading volume of 1,287,125 shares, compared to its average volume of 1,500,000. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.02. Leucadia National Corp. has a fifty-two week low of $22.23 and a fifty-two week high of $28.30. The company has a market cap of $9,630.00, a PE ratio of 17.44, a PEG ratio of 0.93 and a beta of 1.29.
Leucadia National (NYSE:LUK) last issued 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 business had revenue of $2.90 billion for 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% on a year-over-year basis. equities research analysts forecast that Leucadia National Corp. will post 1.59 earnings per share for the current year.
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About Leucadia National
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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