Northwestern Mutual Investment Management Company LLC cut its position in shares of Leucadia National Corp. (NYSE:LUK) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,716 shares of the company’s stock after selling 8 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Leucadia National Corp. were worth $220,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Leucadia National Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 28,722,993 shares of the company’s stock worth $497,768,000 after buying an additional 668,282 shares during the last quarter. First Pacific Advisors LLC raised its position in Leucadia National Corp. by 7.7% in the second quarter. First Pacific Advisors LLC now owns 22,520,090 shares of the company’s stock worth $390,273,000 after buying an additional 1,617,090 shares during the last quarter. State Street Corp raised its position in Leucadia National Corp. by 0.4% in the first quarter. State Street Corp now owns 13,268,596 shares of the company’s stock worth $214,564,000 after buying an additional 55,928 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Leucadia National Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,471,633 shares of the company’s stock worth $136,986,000 after buying an additional 22,742 shares during the last quarter. Finally, Scopia Capital Management LP bought a new position in Leucadia National Corp. during the first quarter worth about $106,120,000. 73.14% of the stock is currently owned by institutional investors and hedge funds.
Leucadia National Corp. (NYSE:LUK) opened at 18.74 on Friday. Leucadia National Corp. has a one year low of $14.27 and a one year high of $21.29. The firm’s market cap is $6.75 billion. The company’s 50-day moving average price is $18.91 and its 200-day moving average price is $17.60.
Leucadia National Corp. (NYSE:LUK) last released its earnings results on Wednesday, August 3rd. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.10. Leucadia National Corp. had a negative return on equity of 2.61% and a negative net margin of 2.95%. On average, analysts anticipate that Leucadia National Corp. will post $0.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 15th. Leucadia National Corp.’s dividend payout ratio is presently -32.47%.
LUK has been the topic of a number of recent research reports. TheStreet raised Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Zacks Investment Research raised Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Finally, Oppenheimer Holdings Inc. upped their price objective on Leucadia National Corp. from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 5th.
In other Leucadia National Corp. news, Chairman Joseph S. Steinberg sold 200,000 shares of the stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $19.04, for a total transaction of $3,808,000.00. Following the transaction, the chairman now owns 1,992,687 shares of the company’s stock, valued at approximately $37,940,760.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 9.50% of the company’s stock.
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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