Cove Street Capital LLC decreased its stake in shares of Leucadia National Corporation (NYSE:LUK) by 16.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,212 shares of the conglomerate’s stock after selling 103,946 shares during the period. Leucadia National Corporation comprises about 1.4% of Cove Street Capital LLC’s investment portfolio, making the stock its 28th largest position. Cove Street Capital LLC owned 0.14% of Leucadia National Corporation worth $13,266,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. First Allied Advisory Services Inc. bought a new stake in shares of Leucadia National Corporation during the fourth quarter valued at about $339,000. Advisory Research Inc. increased its position in shares of Leucadia National Corporation by 225.2% in the fourth quarter. Advisory Research Inc. now owns 1,130,447 shares of the conglomerate’s stock worth $26,283,000 after buying an additional 782,819 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Leucadia National Corporation during the fourth quarter worth about $28,527,000. Asset Management One Co. Ltd. increased its position in shares of Leucadia National Corporation by 1,644.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 554,989 shares of the conglomerate’s stock worth $12,900,000 after buying an additional 523,172 shares during the last quarter. Finally, Aviva PLC increased its position in shares of Leucadia National Corporation by 5.9% in the fourth quarter. Aviva PLC now owns 209,764 shares of the conglomerate’s stock worth $4,877,000 after buying an additional 11,646 shares during the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.
Leucadia National Corporation (NYSE LUK) traded up 0.69% during midday trading on Monday, reaching $26.23. 1,363,544 shares of the company traded hands. The stock has a market capitalization of $9.44 billion, a P/E ratio of 15.50 and a beta of 1.26. The firm has a 50-day moving average of $25.15 and a 200-day moving average of $24.86. Leucadia National Corporation has a 1-year low of $15.48 and a 1-year high of $27.33.
Leucadia National Corporation (NYSE:LUK) last posted its earnings results on Thursday, April 27th. The conglomerate reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.99 billion. Leucadia National Corporation had a net margin of 5.99% and a return on equity of 6.32%. The company’s revenue was up 42.3% compared to the same quarter last year. On average, analysts predict that Leucadia National Corporation will post $1.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Monday, June 19th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.95%. Leucadia National Corporation’s payout ratio is 3.57%.
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Several analysts recently commented on LUK shares. Zacks Investment Research raised shares of Leucadia National Corporation from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, March 1st. TheStreet upgraded shares of Leucadia National Corporation from a “c” rating to a “b” rating in a research note on Friday, May 5th. Finally, BidaskClub upgraded shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.
Leucadia National Corporation Company 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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