Lee Danner & Bass Inc. cut its stake in Leucadia National Corporation (NYSE:LUK) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,051 shares of the conglomerate’s stock after selling 10,353 shares during the quarter. Lee Danner & Bass Inc. owned about 0.06% of Leucadia National Corporation worth $5,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Crossmark Global Holdings Inc. bought a new position in Leucadia National Corporation in the 3rd quarter worth $1,709,000. First Manhattan Co. raised its holdings in Leucadia National Corporation by 0.9% in the 3rd quarter. First Manhattan Co. now owns 2,585,076 shares of the conglomerate’s stock worth $65,273,000 after purchasing an additional 22,412 shares in the last quarter. Steinberg Global Asset Management bought a new position in Leucadia National Corporation in the 3rd quarter worth $1,799,000. Saratoga Research & Investment Management bought a new position in Leucadia National Corporation in the 3rd quarter worth $249,000. Finally, First Trust Advisors LP raised its holdings in Leucadia National Corporation by 1,142.7% in the 3rd quarter. First Trust Advisors LP now owns 911,133 shares of the conglomerate’s stock worth $23,006,000 after purchasing an additional 837,812 shares in the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

Several research analysts recently issued reports on LUK shares. Zacks Investment Research upgraded shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub lowered shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

Shares of Leucadia National Corporation (NYSE LUK) traded up 0.99% on Tuesday, hitting $25.57. 169,897 shares of the company traded hands. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.33. The firm’s 50-day moving average is $24.89 and its 200 day moving average is $25.23. The firm has a market capitalization of $9.17 billion, a P/E ratio of 15.16 and a beta of 1.27.

Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.10. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.85%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. Leucadia National Corporation’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts anticipate that Leucadia National Corporation will post $1.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, December 12th. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 25.81%.

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Leucadia National Corporation 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 Corporation (NYSE:LUK)

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