Laurion Capital Management LP Takes Position in Leucadia National Corporation (LUK)
Laurion Capital Management LP acquired a new position in shares of Leucadia National Corporation (NYSE:LUK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 117,400 shares of the conglomerate’s stock, valued at approximately $3,071,000.
A number of other institutional investors and hedge funds also recently modified their holdings of LUK. Ameritas Investment Partners Inc. bought a new stake in Leucadia National Corporation during the 1st quarter worth approximately $202,000. Savant Capital LLC bought a new stake in Leucadia National Corporation during the 2nd quarter worth approximately $202,000. Cleararc Capital Inc. bought a new stake in Leucadia National Corporation during the 1st quarter worth approximately $205,000. Eagle Global Advisors LLC bought a new stake in Leucadia National Corporation during the 2nd quarter worth approximately $219,000. Finally, Two Sigma Securities LLC bought a new stake in Leucadia National Corporation during the 1st quarter worth approximately $227,000. 74.66% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the company. BidaskClub lowered Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Zacks Investment Research raised Leucadia National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
Leucadia National Corporation (LUK) opened at 23.435 on Tuesday. Leucadia National Corporation has a 52 week low of $17.87 and a 52 week high of $27.34. The stock has a 50 day moving average price of $24.24 and a 200-day moving average price of $25.44. The stock has a market cap of $8.40 billion, a P/E ratio of 13.892 and a beta of 1.27.
Leucadia National Corporation (NYSE:LUK) last announced its earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.14). Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the business posted $0.15 EPS. Leucadia National Corporation’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts anticipate that Leucadia National Corporation will post $1.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.10 per share. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. Leucadia National Corporation’s dividend payout ratio (DPR) is currently 23.67%.
WARNING: “Laurion Capital Management LP Takes Position in Leucadia National Corporation (LUK)” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/19/laurion-capital-management-lp-takes-position-in-leucadia-national-corporation-luk.html.
Leucadia National Corporation 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.
Receive News & Ratings for Leucadia National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucadia National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.