HBK Investments L P boosted its position in shares of Leucadia National Corp. (NYSE:LUK) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 353,800 shares of the conglomerate’s stock after buying an additional 33,500 shares during the period. HBK Investments L P owned approximately 0.10% of Leucadia National worth $9,372,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in LUK. Victory Capital Management Inc. boosted its stake in Leucadia National by 1,442.9% during the third quarter. Victory Capital Management Inc. now owns 86,095 shares of the conglomerate’s stock valued at $2,174,000 after buying an additional 80,515 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Leucadia National by 43.9% during the third quarter. BNP Paribas Arbitrage SA now owns 189,779 shares of the conglomerate’s stock valued at $4,792,000 after buying an additional 57,867 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Leucadia National by 1.0% during the third quarter. New York State Common Retirement Fund now owns 1,537,565 shares of the conglomerate’s stock valued at $38,824,000 after buying an additional 14,794 shares during the last quarter. Toronto Dominion Bank boosted its stake in Leucadia National by 9.8% during the third quarter. Toronto Dominion Bank now owns 120,414 shares of the conglomerate’s stock valued at $3,040,000 after buying an additional 10,710 shares during the last quarter. Finally, Private Management Group Inc. boosted its stake in Leucadia National by 2.3% during the third quarter. Private Management Group Inc. now owns 1,685,123 shares of the conglomerate’s stock valued at $42,549,000 after buying an additional 38,254 shares during the last quarter. 75.41% of the stock is owned by institutional investors.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, February 1st. TheStreet lowered Leucadia National from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.
Leucadia National (NYSE:LUK) last posted its quarterly earnings data on Thursday, February 22nd. The conglomerate reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.91 billion. Leucadia National had a return on equity of 6.25% and a net margin of 1.81%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.37 EPS. sell-side analysts predict that Leucadia National Corp. will post 1.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, March 16th. Leucadia National’s payout ratio is 90.91%.
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About Leucadia National
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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