Ancora Inverness LLC reduced its stake in shares of Leucadia National Corp. (NYSE:LUK) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 21,625 shares of the company’s stock after selling 790 shares during the period. Ancora Inverness LLC’s holdings in Leucadia National Corp. were worth $412,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Leucadia National Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 28,722,993 shares of the company’s stock valued at $497,768,000 after buying an additional 668,282 shares during the last quarter. First Pacific Advisors LLC increased its position in shares of Leucadia National Corp. by 7.7% in the second quarter. First Pacific Advisors LLC now owns 22,520,090 shares of the company’s stock valued at $390,273,000 after buying an additional 1,617,090 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Leucadia National Corp. by 1.3% in the third quarter. Great West Life Assurance Co. Can now owns 6,035,822 shares of the company’s stock valued at $114,750,000 after buying an additional 79,985 shares during the period. BlackRock Fund Advisors increased its position in shares of Leucadia National Corp. by 3.2% in the second quarter. BlackRock Fund Advisors now owns 5,090,094 shares of the company’s stock valued at $88,211,000 after buying an additional 156,020 shares during the period. Finally, Capital Research Global Investors acquired a new position in shares of Leucadia National Corp. during the second quarter valued at $85,749,000. 71.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Leucadia National Corp. (NYSE:LUK) traded down 1.31% during midday trading on Monday, hitting $21.07. 229,135 shares of the stock were exchanged. The firm has a 50 day moving average of $19.48 and a 200-day moving average of $18.48. Leucadia National Corp. has a one year low of $14.27 and a one year high of $21.42. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 180.09 and a beta of 1.37.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, December 12th. Leucadia National Corp.’s dividend payout ratio is presently 227.29%.
LUK has been the topic of several research reports. TheStreet upgraded shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Finally, Oppenheimer Holdings Inc. increased their price target on shares of Leucadia National Corp. from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 5th.
In other news, Chairman Joseph S. Steinberg sold 200,000 shares of the business’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $19.04, for a total transaction of $3,808,000.00. Following the completion of the transaction, the chairman now directly owns 1,992,687 shares of the company’s stock, valued at $37,940,760.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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).