New York State Common Retirement Fund Acquires 14,794 Shares of Leucadia National Corp. (LUK)

New York State Common Retirement Fund increased its position in shares of Leucadia National Corp. (NYSE:LUK) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,537,565 shares of the conglomerate’s stock after buying an additional 14,794 shares during the period. New York State Common Retirement Fund owned 0.43% of Leucadia National worth $38,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LUK. Louisiana State Employees Retirement System boosted its holdings in shares of Leucadia National by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the conglomerate’s stock worth $526,000 after buying an additional 200 shares during the period. US Bancorp DE raised its stake in Leucadia National by 0.3% during the 2nd quarter. US Bancorp DE now owns 30,860 shares of the conglomerate’s stock valued at $807,000 after purchasing an additional 97 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Leucadia National by 228.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 34,090 shares of the conglomerate’s stock valued at $892,000 after purchasing an additional 23,710 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Leucadia National by 6.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 32,951 shares of the conglomerate’s stock valued at $862,000 after purchasing an additional 1,893 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Leucadia National by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 32,772 shares of the conglomerate’s stock valued at $857,000 after purchasing an additional 90 shares during the last quarter. 75.11% of the stock is owned by institutional investors and hedge funds.

Shares of Leucadia National Corp. (NYSE LUK) traded up $0.06 during mid-day trading on Friday, hitting $26.00. 1,442,100 shares of the stock were exchanged, compared to its average volume of 1,594,045. Leucadia National Corp. has a 52 week low of $22.23 and a 52 week high of $27.33. The firm has a market cap of $9,260.00, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.04 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 (NYSE:LUK) last posted its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share for the quarter, topping 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 business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.66 billion. The company’s revenue was up 8.2% on a year-over-year basis. research analysts forecast that Leucadia National Corp. will post 1.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Tuesday, December 12th. Leucadia National’s payout ratio is 25.81%.

A number of brokerages have recently issued reports on LUK. BidaskClub cut shares of Leucadia National from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. TheStreet upgraded shares of Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, October 10th.

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Leucadia National 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.

Institutional Ownership by Quarter for Leucadia National (NYSE:LUK)

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