Dalton Investments LLC continued to hold its stake in shares of Leucadia National Corporation (NYSE:LUK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 385,000 shares of the conglomerate’s stock at the end of the second quarter. Leucadia National Corporation makes up 3.8% of Dalton Investments LLC’s investment portfolio, making the stock its 10th largest position. Dalton Investments LLC owned about 0.11% of Leucadia National Corporation worth $10,072,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in LUK. Prudential Financial Inc. lifted its position in shares of Leucadia National Corporation by 175.4% in the first quarter. Prudential Financial Inc. now owns 1,976,039 shares of the conglomerate’s stock worth $51,377,000 after purchasing an additional 1,258,470 shares in the last quarter. State of Wisconsin Investment Board raised its position in Leucadia National Corporation 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 in the last quarter. Clearbridge Investments LLC raised its position in Leucadia National Corporation by 23.1% during the first quarter. Clearbridge Investments LLC now owns 32,000 shares of the conglomerate’s stock valued at $832,000 after acquiring an additional 6,000 shares in the last quarter. Shell Asset Management Co. raised its position in Leucadia National Corporation by 9.2% during the first quarter. Shell Asset Management Co. now owns 21,005 shares of the conglomerate’s stock valued at $546,000 after acquiring an additional 1,778 shares in the last quarter. Finally, Teza Capital Management LLC bought a new position in Leucadia National Corporation during the first quarter valued at approximately $350,000. Institutional investors own 74.66% of the company’s stock.
Several brokerages recently weighed in on LUK. BidaskClub lowered shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th.
Shares of Leucadia National Corporation (NYSE:LUK) opened at 24.54 on Friday. The firm’s 50-day moving average is $24.19 and its 200-day moving average is $25.42. The firm has a market cap of $8.80 billion, a P/E ratio of 14.55 and a beta of 1.27. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.34.
Leucadia National Corporation (NYSE:LUK) last announced its earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.14). Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the company posted $0.15 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. On average, analysts anticipate that Leucadia National Corporation will post $1.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s dividend payout ratio is currently 23.67%.
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.
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