Leucadia National Corporation (LUK) Shares Bought by Korea Investment CORP
Korea Investment CORP increased its stake in shares of Leucadia National Corporation (NYSE:LUK) by 58.9% during the second quarter, Holdings Channel reports. The institutional investor owned 177,000 shares of the conglomerate’s stock after buying an additional 65,600 shares during the period. Korea Investment CORP’s holdings in Leucadia National Corporation were worth $4,630,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in Leucadia National Corporation by 14.2% in the first quarter. IFP Advisors Inc now owns 6,258 shares of the conglomerate’s stock valued at $163,000 after buying an additional 776 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Leucadia National Corporation during the first quarter valued at about $192,000. Atria Investments LLC bought a new position in Leucadia National Corporation during the first quarter valued at about $200,000. Ameritas Investment Partners Inc. bought a new position in Leucadia National Corporation during the first quarter valued at about $202,000. Finally, Cleararc Capital Inc. bought a new position in Leucadia National Corporation during the first quarter valued at about $205,000. Institutional investors and hedge funds own 75.23% of the company’s stock.
Leucadia National Corporation (LUK) opened at 24.72 on Friday. The company has a market cap of $8.87 billion, a PE ratio of 14.65 and a beta of 1.25. The stock has a 50 day moving average of $26.25 and a 200 day moving average of $25.64. 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 issued its earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.14. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share. Equities research analysts predict that Leucadia National Corporation will post $1.29 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be issued a $0.10 dividend. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, September 15th. Leucadia National Corporation’s dividend payout ratio is presently 3.55%.
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Several equities analysts have issued reports on the stock. BidaskClub cut shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research cut shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, TheStreet upgraded shares of Leucadia National Corporation from a “c” rating to a “b” rating in a research note on Friday, May 5th.
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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