Brandywine Global Investment Management LLC lessened its position in Leucadia National (NYSE:LUK) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 305,370 shares of the conglomerate’s stock after selling 4,449 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.09% of Leucadia National worth $8,090,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Caisse DE Depot ET Placement DU Quebec grew its stake in Leucadia National by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 99,831 shares of the conglomerate’s stock valued at $2,531,000 after acquiring an additional 2,000 shares during the period. Public Employees Retirement Association of Colorado grew its stake in Leucadia National by 3.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 69,563 shares of the conglomerate’s stock valued at $1,843,000 after acquiring an additional 2,061 shares during the period. Synovus Financial Corp grew its stake in Leucadia National by 21.5% in the third quarter. Synovus Financial Corp now owns 11,956 shares of the conglomerate’s stock valued at $302,000 after acquiring an additional 2,116 shares during the period. Intrepid Capital Management Inc. grew its stake in Leucadia National by 0.4% in the third quarter. Intrepid Capital Management Inc. now owns 657,770 shares of the conglomerate’s stock valued at $16,609,000 after acquiring an additional 2,745 shares during the period. Finally, Wealthfront Inc. grew its stake in Leucadia National by 21.0% in the fourth quarter. Wealthfront Inc. now owns 17,217 shares of the conglomerate’s stock valued at $456,000 after acquiring an additional 2,987 shares during the period. 75.44% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on LUK shares. Zacks Investment Research cut Leucadia National from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. TheStreet cut Leucadia National from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, ValuEngine cut Leucadia National from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.
Shares of NYSE:LUK traded down $0.71 during mid-day trading on Friday, hitting $21.77. 3,098,262 shares of the company traded hands, compared to its average volume of 2,377,044. The stock has a market cap of $8,008.56, a price-to-earnings ratio of 13.19, a PEG ratio of 0.72 and a beta of 1.30. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. Leucadia National has a 12-month low of $21.61 and a 12-month high of $28.30.
Leucadia National (NYSE:LUK) last announced its earnings results on Thursday, February 22nd. The conglomerate reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Leucadia National had a return on equity of 6.25% and a net margin of 1.81%. Leucadia National’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. equities research analysts expect that Leucadia National will post 1.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.84%. Leucadia National’s payout ratio is 24.24%.
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About Leucadia National
Leucadia National Corporation operates as a diversified holding company that focuses on financial service businesses and investments in the Americas, Europe, and Asia. Its services include equities research, sales, and trading; financing, securities lending, and other brokerage; wealth management; fixed income sales and trading; futures; equity capital markets, debt capital markets, and financial advisory; and asset management services.
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