Old West Investment Management LLC Sells 11,756 Shares of Leucadia National Corp. (LUK)
Old West Investment Management LLC trimmed its position in shares of Leucadia National Corp. (NYSE:LUK) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 244,736 shares of the conglomerate’s stock after selling 11,756 shares during the quarter. Leucadia National makes up approximately 3.2% of Old West Investment Management LLC’s holdings, making the stock its 10th largest position. Old West Investment Management LLC owned 0.07% of Leucadia National worth $6,179,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Leucadia National by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 33,597,744 shares of the conglomerate’s stock valued at $878,918,000 after acquiring an additional 1,941,382 shares in the last quarter. BlackRock Inc. boosted its position in Leucadia National by 6.0% during the 2nd quarter. BlackRock Inc. now owns 20,684,654 shares of the conglomerate’s stock valued at $541,111,000 after acquiring an additional 1,170,447 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Leucadia National by 2.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 5,439,841 shares of the conglomerate’s stock valued at $136,360,000 after acquiring an additional 139,293 shares in the last quarter. Arlington Value Capital LLC boosted its position in Leucadia National by 2.1% during the 2nd quarter. Arlington Value Capital LLC now owns 3,639,068 shares of the conglomerate’s stock valued at $95,198,000 after acquiring an additional 75,200 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Leucadia National by 8.0% during the 3rd quarter. Schroder Investment Management Group now owns 3,524,751 shares of the conglomerate’s stock valued at $88,506,000 after acquiring an additional 260,877 shares in the last quarter. 75.11% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on the company. BidaskClub cut Leucadia National from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. TheStreet upgraded shares of Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, October 10th.
Leucadia National Corp. (NYSE LUK) traded down $0.05 during mid-day trading on Thursday, hitting $25.94. 2,976,900 shares of the stock traded hands, compared to its average volume of 1,594,692. Leucadia National Corp. has a 1 year low of $22.23 and a 1 year high of $27.33. The stock has a market capitalization of $9,259.54, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.02.
Leucadia National (NYSE:LUK) last released its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.10. Leucadia National had a net margin of 5.48% and a return on equity of 5.83%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. The firm’s revenue was up 8.2% compared to the same quarter last year. analysts forecast that Leucadia National Corp. will post 1.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Leucadia National’s payout ratio is 25.81%.
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Leucadia National 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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