Candriam Luxembourg S.C.A. bought a new stake in Leucadia National Corp. (NYSE:LUK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 282,910 shares of the company’s stock, valued at approximately $4,903,000.
A number of other large investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in Leucadia National Corp. by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the period. Check Capital Management Inc. CA raised its position in shares of Leucadia National Corp. by 22.7% in the first quarter. Check Capital Management Inc. CA now owns 14,030 shares of the company’s stock worth $227,000 after buying an additional 2,600 shares during the period. Creative Planning raised its position in shares of Leucadia National Corp. by 35.2% in the second quarter. Creative Planning now owns 14,628 shares of the company’s stock worth $253,000 after buying an additional 3,807 shares during the period. Springbok Capital Management LLC acquired a new position in shares of Leucadia National Corp. during the first quarter worth approximately $324,000. Finally, Shell Asset Management Co. raised its position in shares of Leucadia National Corp. by 5.1% in the second quarter. Shell Asset Management Co. now owns 19,227 shares of the company’s stock worth $333,000 after buying an additional 928 shares during the period. Hedge funds and other institutional investors own 73.14% of the company’s stock.
Shares of Leucadia National Corp. (NYSE:LUK) traded up 0.53% on Wednesday, hitting $18.86. The stock had a trading volume of 1,306,928 shares. The company’s market cap is $6.80 billion. Leucadia National Corp. has a 52 week low of $14.27 and a 52 week high of $21.29. The stock’s 50-day moving average price is $18.92 and its 200 day moving average price is $17.59.
Leucadia National Corp. (NYSE:LUK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.10. Leucadia National Corp. had a negative net margin of 2.95% and a negative return on equity of 2.61%. On average, analysts predict that Leucadia National Corp. will post $0.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 19th will be given a $0.0625 dividend. The ex-dividend date is Thursday, September 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.33%. Leucadia National Corp.’s payout ratio is -32.47%.
LUK has been the subject of a number of research analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $22.00 price target on shares of Leucadia National Corp. in a report on Wednesday, June 22nd. Zacks Investment Research upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Finally, TheStreet upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th.
In other news, Director W Patrick Campbell purchased 56,737 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The stock was acquired at an average cost of $17.15 per share, with a total value of $973,039.55. Following the acquisition, the director now owns 107,920 shares in the company, valued at approximately $1,850,828. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joseph S. Steinberg sold 200,000 shares of Leucadia National Corp. stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $19.04, for a total value of $3,808,000.00. Following the sale, the chairman now directly owns 1,992,687 shares of the company’s stock, valued at $37,940,760.48. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.
Leucadia National Corp. Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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