JPMorgan Chase & Co. raised its stake in shares of Leucadia National Corp. (NYSE:LUK) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 996,693 shares of the company’s stock after buying an additional 17,038 shares during the period. JPMorgan Chase & Co. owned 0.28% of Leucadia National Corp. worth $17,273,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in Leucadia National Corp. by 0.4% in the first quarter. State Street Corp now owns 13,268,596 shares of the company’s stock valued at $214,564,000 after buying an additional 55,928 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Leucadia National Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,471,633 shares of the company’s stock valued at $136,986,000 after buying an additional 22,742 shares during the period. Scopia Capital Management LP purchased a new position in shares of Leucadia National Corp. during the first quarter valued at approximately $106,120,000. Geode Capital Management LLC raised its position in shares of Leucadia National Corp. by 5.1% in the first quarter. Geode Capital Management LLC now owns 3,669,910 shares of the company’s stock valued at $59,251,000 after buying an additional 177,314 shares during the period. Finally, Norges Bank purchased a new position in shares of Leucadia National Corp. during the fourth quarter valued at approximately $42,612,000. 73.14% of the stock is currently owned by hedge funds and other institutional investors.
Leucadia National Corp. (NYSE:LUK) traded down 0.75% during trading on Wednesday, reaching $18.62. The company had a trading volume of 302,749 shares. The firm’s 50 day moving average is $18.92 and its 200 day moving average is $17.58. The company’s market capitalization is $6.71 billion. Leucadia National Corp. has a one year low of $14.27 and a one year high of $21.29.
Leucadia National Corp. (NYSE:LUK) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.10. Leucadia National Corp. had a negative net margin of 2.95% and a negative return on equity of 2.61%. On average, equities research analysts predict that Leucadia National Corp. will post $0.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 15th. Leucadia National Corp.’s dividend payout ratio is presently -32.47%.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a research report on Friday, June 24th. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $22.00 price objective on shares of Leucadia National Corp. in a research report on Wednesday, June 22nd. Finally, TheStreet upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th.
In other Leucadia National Corp. news, Director W Patrick Campbell acquired 56,737 shares of the stock in a transaction dated Thursday, June 30th. The shares were acquired at an average cost of $17.15 per share, for a total transaction of $973,039.55. Following the completion of the transaction, the director now directly owns 107,920 shares of the company’s stock, valued at $1,850,828. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Joseph S. Steinberg sold 200,000 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $19.04, for a total value of $3,808,000.00. Following the completion of the transaction, the chairman now owns 1,992,687 shares in the company, valued at $37,940,760.48. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.
About Leucadia National Corp.
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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