Westpac Banking Corp lifted its holdings in shares of Leucadia National Corp. (NYSE:LUK) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,387 shares of the conglomerate’s stock after purchasing an additional 16,970 shares during the quarter. Westpac Banking Corp’s holdings in Leucadia National were worth $1,997,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of LUK. Schwab Charles Investment Management Inc. lifted its position in Leucadia National by 2.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,680,566 shares of the conglomerate’s stock worth $44,519,000 after buying an additional 41,199 shares during the last quarter. Bank of Montreal Can lifted its position in Leucadia National by 80.2% in the 4th quarter. Bank of Montreal Can now owns 975,847 shares of the conglomerate’s stock worth $25,849,000 after buying an additional 434,426 shares during the last quarter. RK Asset Management LLC lifted its position in Leucadia National by 2.4% in the 4th quarter. RK Asset Management LLC now owns 286,194 shares of the conglomerate’s stock worth $7,581,000 after buying an additional 6,694 shares during the last quarter. Atlantic Trust Group LLC bought a new stake in Leucadia National in the 3rd quarter worth approximately $1,713,000. Finally, Parametric Portfolio Associates LLC lifted its position in Leucadia National by 3.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 696,968 shares of the conglomerate’s stock worth $17,598,000 after buying an additional 22,229 shares during the last quarter. 74.36% of the stock is owned by institutional investors.
Leucadia National Corp. (NYSE:LUK) traded up $0.62 during trading hours on Wednesday, reaching $25.22. The company had a trading volume of 1,302,370 shares, compared to its average volume of 1,670,000. The company has a market cap of $8,990.00, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 0.85 and a beta of 1.24. Leucadia National Corp. has a one year low of $22.23 and a one year high of $28.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.02.
LUK has been the subject of a number of recent research 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 Wednesday, February 7th. 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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