Smithfield Trust Co. continued to hold its stake in Leucadia National Corp. (NYSE:LUK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,150 shares of the company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Leucadia National Corp. were worth $245,000 as of its most recent SEC filing.
Other hedge funds 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 in the last quarter. ING Groep NV acquired a new position in Leucadia National Corp. during the second quarter worth approximately $204,000. Creative Planning increased its position in 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 last quarter. Check Capital Management Inc. CA increased its position in Leucadia National Corp. by 3.9% in the second quarter. Check Capital Management Inc. CA now owns 14,580 shares of the company’s stock worth $253,000 after buying an additional 550 shares during the last quarter. Finally, Springbok Capital Management LLC acquired a new position in Leucadia National Corp. during the first quarter worth approximately $324,000. Institutional investors own 73.12% of the company’s stock.
Shares of Leucadia National Corp. (NYSE:LUK) traded down 0.4504% during trading on Wednesday, reaching $18.8746. 1,107,283 shares of the company traded hands. Leucadia National Corp. has a 12 month low of $14.27 and a 12 month high of $20.39. The stock’s market capitalization is $6.80 billion. The company has a 50-day moving average of $19.05 and a 200-day moving average of $17.91.
Leucadia National Corp. (NYSE:LUK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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%. Analysts forecast that Leucadia National Corp. will post $0.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, September 15th. Leucadia National Corp.’s dividend payout ratio (DPR) is currently -32.47%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Oppenheimer Holdings Inc. raised their price objective on shares of Leucadia National Corp. from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Finally, TheStreet raised shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th.
In other Leucadia National Corp. news, Chairman Joseph S. Steinberg sold 200,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $19.04, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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