Amalgamated Bank boosted its position in Leucadia National Corp. (NYSE:LUK) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,038 shares of the conglomerate’s stock after purchasing an additional 3,607 shares during the period. Amalgamated Bank’s holdings in Leucadia National were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinebridge Investments L.P. lifted its stake in Leucadia National by 44.3% in the third quarter. Pinebridge Investments L.P. now owns 782,345 shares of the conglomerate’s stock worth $19,754,000 after purchasing an additional 240,323 shares during the last quarter. Westpac Banking Corp lifted its stake in Leucadia National by 29.0% in the fourth quarter. Westpac Banking Corp now owns 75,387 shares of the conglomerate’s stock worth $1,997,000 after purchasing an additional 16,970 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Leucadia National by 1.0% in the third quarter. New York State Common Retirement Fund now owns 1,537,565 shares of the conglomerate’s stock worth $38,824,000 after purchasing an additional 14,794 shares during the last quarter. Check Capital Management Inc. CA lifted its stake in Leucadia National by 96.0% in the third quarter. Check Capital Management Inc. CA now owns 29,328 shares of the conglomerate’s stock worth $741,000 after purchasing an additional 14,364 shares during the last quarter. Finally, Atlantic Trust Group LLC bought a new stake in Leucadia National in the third quarter worth about $1,713,000. 75.41% of the stock is owned by institutional investors and hedge funds.
Shares of Leucadia National Corp. (LUK) opened at $24.30 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.64 and a current ratio of 0.64. Leucadia National Corp. has a 12 month low of $22.23 and a 12 month high of $28.30. The firm has a market cap of $8,660.00, a P/E ratio of 14.38, a PEG ratio of 0.75 and a beta of 1.30.
Leucadia National (NYSE:LUK) last posted its quarterly earnings results on Thursday, February 22nd. The conglomerate reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Leucadia National had a net margin of 1.81% and a return on equity of 6.25%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. sell-side analysts expect that Leucadia National Corp. will post 1.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, March 16th. Leucadia National’s dividend payout ratio is presently 23.67%.
Several research firms have recently weighed in on LUK. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, February 1st. TheStreet downgraded shares of Leucadia National from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.
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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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