LS Investment Advisors LLC increased its stake in Leucadia National (NYSE:LUK) by 57.2% in the first quarter, HoldingsChannel.com reports. The firm owned 26,183 shares of the conglomerate’s stock after purchasing an additional 9,522 shares during the quarter. LS Investment Advisors LLC’s holdings in Leucadia National were worth $595,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado boosted its stake in Leucadia National by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 69,563 shares of the conglomerate’s stock worth $1,843,000 after purchasing an additional 2,061 shares during the period. Synovus Financial Corp boosted its stake in Leucadia National by 21.7% in the 1st quarter. Synovus Financial Corp now owns 14,447 shares of the conglomerate’s stock worth $328,000 after purchasing an additional 2,576 shares during the period. Wealthfront Inc. boosted its stake in Leucadia National by 21.0% in the 4th quarter. Wealthfront Inc. now owns 17,217 shares of the conglomerate’s stock worth $456,000 after purchasing an additional 2,987 shares during the period. FDx Advisors Inc. boosted its stake in Leucadia National by 5.6% in the 1st quarter. FDx Advisors Inc. now owns 59,518 shares of the conglomerate’s stock worth $1,353,000 after purchasing an additional 3,136 shares during the period. Finally, BB&T Corp boosted its stake in Leucadia National by 29.1% in the 4th quarter. BB&T Corp now owns 14,009 shares of the conglomerate’s stock worth $371,000 after purchasing an additional 3,155 shares during the period. 77.44% of the stock is owned by hedge funds and other institutional investors.
Leucadia National stock opened at $23.10 on Friday. Leucadia National has a one year low of $21.61 and a one year high of $28.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $8.08 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27.
Leucadia National (NYSE:LUK) last posted its quarterly earnings data on Thursday, April 26th. The conglomerate reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. Leucadia National had a net margin of 0.45% and a return on equity of 4.80%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the business posted $0.75 EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis. sell-side analysts expect that Leucadia National will post 0.84 earnings per share for the current fiscal year.
LUK has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, February 1st. ValuEngine downgraded shares of Leucadia National from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, TheStreet downgraded shares of Leucadia National from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.
Leucadia National Company Profile
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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