Leucadia National Corp. (LUK) Holdings Reduced by Laffer Investments

Laffer Investments lowered its holdings in Leucadia National Corp. (NYSE:LUK) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,680 shares of the conglomerate’s stock after selling 4,445 shares during the quarter. Laffer Investments’ holdings in Leucadia National were worth $1,633,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Thrivent Financial For Lutherans lifted its stake in shares of Leucadia National by 3.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock valued at $321,000 after acquiring an additional 400 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Leucadia National during the third quarter valued at $8,823,000. State of Wisconsin Investment Board lifted its stake in shares of Leucadia National by 30.2% during the second quarter. State of Wisconsin Investment Board now owns 282,552 shares of the conglomerate’s stock valued at $7,392,000 after acquiring an additional 65,460 shares during the period. Gyroscope Capital Management Group LLC lifted its stake in shares of Leucadia National by 50.0% during the second quarter. Gyroscope Capital Management Group LLC now owns 132,015 shares of the conglomerate’s stock valued at $3,454,000 after acquiring an additional 44,005 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Leucadia National by 20.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,668 shares of the conglomerate’s stock valued at $2,163,000 after acquiring an additional 14,059 shares during the period. 75.11% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on LUK shares. TheStreet raised Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, October 10th.

Shares of Leucadia National Corp. (LUK) traded down $0.05 on Friday, hitting $25.46. The stock had a trading volume of 2,110,500 shares, compared to its average volume of 1,605,112. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. Leucadia National Corp. has a twelve month low of $22.23 and a twelve month high of $27.33. The firm has a market capitalization of $9,088.53, a price-to-earnings ratio of 16.46, a PEG ratio of 1.02 and a beta of 1.29.

Leucadia National (NYSE:LUK) last issued its quarterly earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. Leucadia National had a return on equity of 5.83% and a net margin of 5.48%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.66 billion. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities analysts predict that Leucadia National Corp. will post 1.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. Leucadia National’s dividend payout ratio is presently 25.81%.

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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.

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

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