ProShare Advisors LLC lifted its stake in shares of Leucadia National Corporation (NYSE:LUK) by 10.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 111,778 shares of the conglomerate’s stock after purchasing an additional 10,519 shares during the quarter. ProShare Advisors LLC’s holdings in Leucadia National Corporation were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Savant Capital LLC acquired a new stake in shares of Leucadia National Corporation during the 2nd quarter worth approximately $202,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Leucadia National Corporation during the 1st quarter worth approximately $202,000. Cleararc Capital Inc. acquired a new stake in shares of Leucadia National Corporation during the 1st quarter worth approximately $205,000. Eagle Global Advisors LLC acquired a new stake in shares of Leucadia National Corporation during the 2nd quarter worth approximately $219,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Leucadia National Corporation during the 1st quarter worth approximately $227,000. Institutional investors and hedge funds own 74.66% of the company’s stock.
A number of analysts have recently weighed in on LUK shares. Zacks Investment Research upgraded Leucadia National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub cut Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.
Shares of Leucadia National Corporation (LUK) opened at 24.54 on Monday. The company has a 50-day moving average price of $24.19 and a 200 day moving average price of $25.42. Leucadia National Corporation has a 52-week low of $17.87 and a 52-week high of $27.34. The firm has a market capitalization of $8.80 billion, a PE ratio of 14.55 and a beta of 1.27.
Leucadia National Corporation (NYSE:LUK) last posted its earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue was up 4.1% on a year-over-year basis. Analysts expect that Leucadia National Corporation will post $1.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s payout ratio is 23.67%.
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About Leucadia National Corporation
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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