Private Management Group Inc. Has $42.55 Million Position in Leucadia National Corporation (LUK)
Private Management Group Inc. increased its holdings in Leucadia National Corporation (NYSE:LUK) by 2.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,685,123 shares of the conglomerate’s stock after buying an additional 38,254 shares during the quarter. Leucadia National Corporation comprises approximately 2.2% of Private Management Group Inc.’s portfolio, making the stock its 7th biggest position. Private Management Group Inc. owned about 0.47% of Leucadia National Corporation worth $42,549,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Savant Capital LLC purchased a new position in shares of Leucadia National Corporation during the 2nd quarter valued at about $202,000. Eagle Global Advisors LLC purchased a new position in shares of Leucadia National Corporation during the 2nd quarter valued at about $219,000. Profund Advisors LLC purchased a new position in shares of Leucadia National Corporation during the 2nd quarter valued at about $239,000. Saratoga Research & Investment Management purchased a new position in shares of Leucadia National Corporation during the 3rd quarter valued at about $249,000. Finally, Synovus Financial Corp lifted its position in shares of Leucadia National Corporation 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 buying an additional 1,609 shares in the last quarter. Institutional investors own 75.00% of the company’s stock.
Leucadia National Corporation (NYSE:LUK) traded down $0.33 during midday trading on Wednesday, hitting $25.32. The stock had a trading volume of 1,073,200 shares, compared to its average volume of 1,576,123. The company has a market cap of $9,138.41, a P/E ratio of 16.55, a P/E/G ratio of 1.03 and a beta of 1.29. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.02. Leucadia National Corporation has a 52-week low of $20.44 and a 52-week high of $27.33.
Leucadia National Corporation (NYSE:LUK) last posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.10. Leucadia National Corporation had a return on equity of 5.83% and a net margin of 5.48%. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.66 billion. The company’s revenue was up 8.2% on a year-over-year basis. research analysts expect that Leucadia National Corporation will post 1.39 EPS 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 issued a dividend of $0.10 per share. 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 payout ratio is currently 25.81%.
A number of research firms have recently weighed in on LUK. TheStreet raised Leucadia National Corporation from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd. BidaskClub cut Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, Zacks Investment Research raised Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, October 10th.
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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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