FormulaFolio Investments LLC Increases Stake in Leucadia National Corporation (LUK)
FormulaFolio Investments LLC grew its position in shares of Leucadia National Corporation (NYSE:LUK) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,497 shares of the conglomerate’s stock after buying an additional 2,504 shares during the quarter. FormulaFolio Investments LLC’s holdings in Leucadia National Corporation were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Savant Capital LLC acquired a new stake in shares of Leucadia National Corporation during the 2nd quarter valued at about $202,000. Eagle Global Advisors LLC acquired a new stake in shares of Leucadia National Corporation during the 2nd quarter valued at about $219,000. Two Sigma Securities LLC acquired a new stake in shares of Leucadia National Corporation during the 1st quarter valued at about $227,000. Profund Advisors LLC acquired a new stake in shares of Leucadia National Corporation during the 2nd quarter valued at about $239,000. Finally, Synovus Financial Corp lifted its holdings in shares of Leucadia National Corporation by 19.5% during the 2nd quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock valued at $258,000 after buying an additional 1,609 shares during the last quarter. Institutional investors and hedge funds own 74.65% of the company’s stock.
Shares of Leucadia National Corporation (LUK) traded up 0.85% during midday trading on Friday, hitting $26.01. The stock had a trading volume of 1,433,278 shares. Leucadia National Corporation has a one year low of $17.87 and a one year high of $27.34. The firm’s 50-day moving average is $24.43 and its 200 day moving average is $25.26. The company has a market capitalization of $9.33 billion, a PE ratio of 15.42 and a beta of 1.27.
Leucadia National Corporation (NYSE:LUK) last issued its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts expect that Leucadia National Corporation will post $1.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 15th. 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 1.54%. Leucadia National Corporation’s dividend payout ratio is 23.67%.
Several brokerages have recently issued reports on LUK. BidaskClub lowered Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, October 10th.
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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