Leucadia National Corp. (LUK) Position Trimmed by Prospector Partners LLC

Prospector Partners LLC lowered its position in Leucadia National Corp. (NYSE:LUK) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 413,062 shares of the conglomerate’s stock after selling 6,000 shares during the period. Leucadia National comprises approximately 1.6% of Prospector Partners LLC’s holdings, making the stock its 16th largest position. Prospector Partners LLC owned 0.12% of Leucadia National worth $10,430,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. NEXT Financial Group Inc bought a new position in Leucadia National in the 3rd quarter worth $134,000. Savant Capital LLC bought a new position in shares of Leucadia National during the 2nd quarter valued at about $202,000. Profund Advisors LLC bought a new position in shares of Leucadia National during the 2nd quarter valued at about $239,000. Magnetar Financial LLC bought a new position in shares of Leucadia National during the 3rd quarter valued at about $237,000. Finally, Synovus Financial Corp boosted its holdings in shares of Leucadia National by 19.5% during the 2nd quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock valued at $258,000 after purchasing an additional 1,609 shares during the last quarter. 75.11% of the stock is owned by institutional investors.

Leucadia National Corp. (NYSE LUK) traded down $0.05 on Thursday, hitting $25.94. 2,976,900 shares of the company’s stock traded hands, compared to its average volume of 1,594,692. Leucadia National Corp. has a twelve month low of $22.23 and a twelve month high of $27.33. The company has a market cap of $9,259.54, a P/E ratio of 16.77, a PEG ratio of 1.04 and a beta of 1.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67.

Leucadia National (NYSE:LUK) last released its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 EPS for the quarter, beating the 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 business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.66 billion. The business’s revenue for the quarter 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, December 12th. Leucadia National’s dividend payout ratio is 25.81%.

Several research analysts have commented on LUK shares. TheStreet raised shares of Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, October 10th. Finally, BidaskClub downgraded shares of Leucadia National from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.

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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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Institutional Ownership by Quarter for Leucadia National (NYSE:LUK)

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