Whittier Trust Co. of Nevada Inc. Reduces Position in Leucadia National Corporation (LUK)

Whittier Trust Co. of Nevada Inc. cut its position in shares of Leucadia National Corporation (NYSE:LUK) by 30.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,762 shares of the conglomerate’s stock after selling 3,452 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Leucadia National Corporation were worth $203,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Leucadia National Corporation by 3,309.8% in the first quarter. BlackRock Inc. now owns 19,514,207 shares of the conglomerate’s stock worth $507,370,000 after buying an additional 18,941,908 shares during the period. Baillie Gifford & Co. raised its stake in shares of Leucadia National Corporation by 107.7% in the first quarter. Baillie Gifford & Co. now owns 14,415,651 shares of the conglomerate’s stock worth $374,807,000 after buying an additional 7,475,015 shares during the period. Janus Capital Management LLC raised its stake in shares of Leucadia National Corporation by 438.9% in the first quarter. Janus Capital Management LLC now owns 1,888,782 shares of the conglomerate’s stock worth $49,108,000 after buying an additional 1,538,278 shares during the period. Vanguard Group Inc. raised its stake in shares of Leucadia National Corporation by 5.0% in the first quarter. Vanguard Group Inc. now owns 31,656,362 shares of the conglomerate’s stock worth $823,066,000 after buying an additional 1,511,066 shares during the period. Finally, Prudential Financial Inc. raised its stake 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 buying an additional 1,258,470 shares during the period. Institutional investors own 75.20% of the company’s stock.

Leucadia National Corporation (NYSE LUK) traded up 0.11% during mid-day trading on Friday, reaching $26.45. The company had a trading volume of 1,116,018 shares. The stock has a 50 day moving average price of $25.85 and a 200 day moving average price of $25.35. The company has a market capitalization of $9.52 billion, a P/E ratio of 15.63 and a beta of 1.25. Leucadia National Corporation has a one year low of $17.47 and a one year high of $27.34.

Leucadia National Corporation (NYSE:LUK) last issued its earnings results on Thursday, April 27th. The conglomerate reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.99 billion. Leucadia National Corporation had a return on equity of 6.32% and a net margin of 5.99%. Leucadia National Corporation’s quarterly revenue was up 42.3% on a year-over-year basis. On average, equities analysts expect that Leucadia National Corporation will post $1.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Monday, June 19th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.95%. Leucadia National Corporation’s dividend payout ratio (DPR) is currently 3.57%.

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A number of analysts have recently commented on LUK shares. TheStreet upgraded Leucadia National Corporation from a “c” rating to a “b” rating in a report on Friday, May 5th. Zacks Investment Research lowered Leucadia National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, BidaskClub upgraded Leucadia National Corporation from a “sell” rating to a “hold” rating in a report 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.

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

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