GoodHaven Capital Management LLC Has $17.21 Million Position in Leucadia National Corporation (NYSE:LUK)

GoodHaven Capital Management LLC trimmed its stake in shares of Leucadia National Corporation (NYSE:LUK) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,957 shares of the conglomerate’s stock after selling 41,508 shares during the quarter. Leucadia National Corporation comprises approximately 8.6% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. GoodHaven Capital Management LLC owned about 0.18% of Leucadia National Corporation worth $17,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in Leucadia National Corporation by 0.3% in the second quarter. Federated Investors Inc. PA now owns 16,014 shares of the conglomerate’s stock valued at $419,000 after purchasing an additional 52 shares in the last quarter. Creative Planning raised its stake in Leucadia National Corporation by 0.4% in the second quarter. Creative Planning now owns 12,316 shares of the conglomerate’s stock valued at $322,000 after purchasing an additional 55 shares in the last quarter. ING Groep NV raised its stake in Leucadia National Corporation by 0.4% in the second quarter. ING Groep NV now owns 16,589 shares of the conglomerate’s stock valued at $434,000 after purchasing an additional 59 shares in the last quarter. CIBC Asset Management Inc raised its stake in Leucadia National Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 32,772 shares of the conglomerate’s stock valued at $857,000 after purchasing an additional 90 shares in the last quarter. Finally, US Bancorp DE raised its stake in Leucadia National Corporation by 0.3% in the second quarter. US Bancorp DE now owns 30,860 shares of the conglomerate’s stock valued at $807,000 after purchasing an additional 97 shares in the last quarter. 74.69% of the stock is owned by institutional investors.

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A number of research analysts recently commented on the company. BidaskClub downgraded Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th.

Leucadia National Corporation (NYSE:LUK) traded down 0.17% on Friday, reaching $22.93. The company’s stock had a trading volume of 3,661,020 shares. The stock’s 50 day moving average price is $24.31 and its 200 day moving average price is $25.49. The firm has a market cap of $8.22 billion, a PE ratio of 13.59 and a beta of 1.27. Leucadia National Corporation has a 52-week low of $17.87 and a 52-week high of $27.34.

Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.65 billion. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. Equities research analysts expect that Leucadia National Corporation will post $1.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a $0.10 dividend. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, September 15th. Leucadia National Corporation’s payout ratio is currently 3.55%.

About Leucadia National Corporation

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.

Institutional Ownership by Quarter for Leucadia National Corporation (NYSE:LUK)

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