Leucadia National (NYSE:LUK)’s share price reached a new 52-week high and low during trading on Friday . The stock traded as low as $21.61 and last traded at $21.77, with a volume of 3098255 shares trading hands. The stock had previously closed at $22.48.
Several research firms have commented on LUK. ValuEngine downgraded shares of Leucadia National from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, March 7th. Finally, TheStreet downgraded shares of Leucadia National from a “b” rating to a “c+” rating in a report on Thursday, February 22nd.
The firm has a market cap of $8,008.56, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.72 and a beta of 1.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.64 and a current ratio of 0.64.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.84%. Leucadia National’s dividend payout ratio (DPR) is presently 24.24%.
Hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its stake in shares of Leucadia National by 5.5% in the fourth quarter. Deutsche Bank AG now owns 1,377,127 shares of the conglomerate’s stock valued at $36,476,000 after acquiring an additional 71,304 shares in the last quarter. Westpac Banking Corp grew its stake in shares of Leucadia National by 29.0% in the fourth quarter. Westpac Banking Corp now owns 75,387 shares of the conglomerate’s stock valued at $1,997,000 after acquiring an additional 16,970 shares in the last quarter. Atlantic Trust Group LLC acquired a new position in shares of Leucadia National in the third quarter valued at about $1,713,000. Ontario Teachers Pension Plan Board grew its stake in shares of Leucadia National by 50.6% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 188,068 shares of the conglomerate’s stock valued at $4,982,000 after acquiring an additional 63,221 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Leucadia National by 146.6% in the third quarter. Cubist Systematic Strategies LLC now owns 21,019 shares of the conglomerate’s stock valued at $531,000 after acquiring an additional 12,494 shares in the last quarter. Institutional investors and hedge funds own 75.44% of the company’s stock.
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Leucadia National Company Profile
Leucadia National Corporation operates as a diversified holding company that focuses on financial service businesses and investments in the Americas, Europe, and Asia. Its services include equities research, sales, and trading; financing, securities lending, and other brokerage; wealth management; fixed income sales and trading; futures; equity capital markets, debt capital markets, and financial advisory; and asset management services.
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