Teachers Retirement System of The State of Kentucky lowered its stake in Leucadia National Corporation (NYSE:LUK) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,800 shares of the conglomerate’s stock after selling 5,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Leucadia National Corporation were worth $884,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in LUK. BlackRock Inc. lifted its stake in Leucadia National Corporation by 3,309.8% in the 1st quarter. BlackRock Inc. now owns 19,514,207 shares of the conglomerate’s stock worth $507,370,000 after purchasing an additional 18,941,908 shares in the last quarter. Vanguard Group Inc. lifted its stake in Leucadia National Corporation by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 33,597,744 shares of the conglomerate’s stock worth $878,918,000 after purchasing an additional 1,941,382 shares in the last quarter. American Century Companies Inc. purchased a new stake in Leucadia National Corporation in the 2nd quarter worth $43,884,000. Janus Capital Management LLC lifted its stake in Leucadia National Corporation by 438.9% in the 1st quarter. Janus Capital Management LLC now owns 1,888,782 shares of the conglomerate’s stock worth $49,108,000 after purchasing an additional 1,538,278 shares in the last quarter. Finally, AJO LP lifted its stake in Leucadia National Corporation by 326.7% in the 2nd quarter. AJO LP now owns 1,277,954 shares of the conglomerate’s stock worth $33,431,000 after purchasing an additional 978,467 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.
Leucadia National Corporation (NYSE:LUK) last posted its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.14). The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were paid a $0.10 dividend. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, September 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is currently 23.67%.
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LUK has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday. BidaskClub downgraded shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.
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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