Leucadia National Corporation (LUK) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC lowered its position in Leucadia National Corporation (NYSE:LUK) by 35.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,697 shares of the conglomerate’s stock after selling 40,217 shares during the period. SG Americas Securities LLC’s holdings in Leucadia National Corporation were worth $1,902,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Leucadia National Corporation by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 52,226 shares of the conglomerate’s stock worth $1,358,000 after buying an additional 1,924 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Leucadia National Corporation by 167.4% in the first quarter. Canada Pension Plan Investment Board now owns 410,223 shares of the conglomerate’s stock worth $10,666,000 after buying an additional 256,787 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Leucadia National Corporation by 12.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 27,782 shares of the conglomerate’s stock worth $722,000 after buying an additional 3,039 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in Leucadia National Corporation during the first quarter worth $192,000. Finally, IFP Advisors Inc boosted its stake in Leucadia National Corporation by 14.2% in the first quarter. IFP Advisors Inc now owns 6,258 shares of the conglomerate’s stock worth $163,000 after buying an additional 776 shares during the last quarter. 75.48% of the stock is currently owned by institutional investors.
Shares of Leucadia National Corporation (LUK) opened at 24.23 on Friday. Leucadia National Corporation has a 12-month low of $17.87 and a 12-month high of $27.34. The firm’s 50-day moving average is $25.74 and its 200-day moving average is $25.66. The firm has a market cap of $8.69 billion, a PE ratio of 14.36 and a beta of 1.25.
Leucadia National Corporation (NYSE:LUK) last announced its quarterly earnings data 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. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the business posted $0.15 EPS. Leucadia National Corporation’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities analysts expect that Leucadia National Corporation will post $1.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, September 15th. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 3.55%.
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A number of analysts have weighed in on the stock. BidaskClub cut shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, TheStreet raised shares of Leucadia National Corporation from a “c” rating to a “b” rating in a report on Friday, May 5th.
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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