Leucadia National Corporation (LUK) Shares Sold by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC decreased its holdings in Leucadia National Corporation (NYSE:LUK) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,095,087 shares of the conglomerate’s stock after selling 28,636 shares during the period. TIAA CREF Investment Management LLC owned about 0.31% of Leucadia National Corporation worth $28,647,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Savant Capital LLC bought a new stake in shares of Leucadia National Corporation in the 2nd quarter worth $202,000. Ameritas Investment Partners Inc. bought a new stake in shares of Leucadia National Corporation in the 1st quarter worth $202,000. Cleararc Capital Inc. bought a new stake in shares of Leucadia National Corporation in the 1st quarter worth $205,000. Eagle Global Advisors LLC bought a new stake in shares of Leucadia National Corporation in the 2nd quarter worth $219,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Leucadia National Corporation in the 1st quarter worth $227,000. 74.66% of the stock is owned by institutional investors and hedge funds.
Shares of Leucadia National Corporation (NYSE:LUK) opened at 24.54 on Friday. Leucadia National Corporation has a one year low of $17.87 and a one year high of $27.34. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 14.55 and a beta of 1.27. The company has a 50 day moving average price of $24.19 and a 200 day moving average price of $25.42.
Leucadia National Corporation (NYSE:LUK) last released 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 net margin of 5.94% and a return on equity of 6.27%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company earned $0.15 earnings per share. Leucadia National Corporation’s revenue was up 4.1% on a year-over-year basis. Equities analysts predict that Leucadia National Corporation will post $1.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 15th. Leucadia National Corporation’s dividend payout ratio is presently 23.67%.
A number of analysts have commented on the company. Zacks Investment Research raised Leucadia National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub lowered Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.
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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