Fox Run Management L.L.C. Takes $1.12 Million Position in Leucadia National Corp. (LUK)
Fox Run Management L.L.C. purchased a new stake in shares of Leucadia National Corp. (NYSE:LUK) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 42,293 shares of the conglomerate’s stock, valued at approximately $1,120,000.
Other hedge funds have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc purchased a new stake in shares of Leucadia National during the 3rd quarter valued at approximately $134,000. Magnetar Financial LLC purchased a new stake in shares of Leucadia National during the 3rd quarter valued at approximately $237,000. Profund Advisors LLC purchased a new stake in shares of Leucadia National during the 2nd quarter valued at approximately $239,000. Saratoga Research & Investment Management purchased a new stake in shares of Leucadia National during the 3rd quarter valued at approximately $249,000. Finally, Cadence Capital Management LLC purchased a new stake in shares of Leucadia National during the 3rd quarter valued at approximately $279,000. 74.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Leucadia National Corp. (NYSE LUK) opened at $27.63 on Friday. Leucadia National Corp. has a 1-year low of $22.23 and a 1-year high of $28.30. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $9,911.52, a P/E ratio of 17.83, a P/E/G ratio of 0.95 and a beta of 1.29.
Leucadia National (NYSE:LUK) last posted its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.66 billion. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities analysts expect that Leucadia National Corp. will post 1.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.40 annualized dividend and a yield of 1.45%. Leucadia National’s dividend payout ratio (DPR) is presently 25.81%.
Several analysts recently weighed in on the stock. TheStreet upgraded shares of Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, October 10th.
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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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