DUPONT CAPITAL MANAGEMENT Corp continued to hold its position in Leucadia National Corp. (NYSE:LUK) during the third quarter, Holdings Channel reports. The fund owned 14,626 shares of the company’s stock at the end of the third quarter. DUPONT CAPITAL MANAGEMENT Corp’s holdings in Leucadia National Corp. were worth $278,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GoodHaven Capital Management LLC raised its stake in shares of Leucadia National Corp. by 2.2% in the second quarter. GoodHaven Capital Management LLC now owns 913,215 shares of the company’s stock worth $15,826,000 after buying an additional 20,000 shares during the period. Creative Planning raised its stake in shares of Leucadia National Corp. by 35.2% in the second quarter. Creative Planning now owns 14,628 shares of the company’s stock worth $253,000 after buying an additional 3,807 shares during the period. Eii Capital Management Inc. acquired a new stake in shares of Leucadia National Corp. during the second quarter worth $2,265,000. Pastel & Associes SA acquired a new stake in shares of Leucadia National Corp. during the second quarter worth $12,094,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Leucadia National Corp. by 13.8% in the second quarter. Nisa Investment Advisors LLC now owns 139,949 shares of the company’s stock worth $2,425,000 after buying an additional 16,930 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.
Shares of Leucadia National Corp. (NYSE:LUK) traded up 0.23% during mid-day trading on Friday, reaching $21.35. The company had a trading volume of 503,108 shares. The firm’s 50-day moving average price is $19.48 and its 200 day moving average price is $18.48. Leucadia National Corp. has a 52-week low of $14.27 and a 52-week high of $21.42. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 182.48 and a beta of 1.37.
The business also recently announced 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. The ex-dividend date is Monday, December 12th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.17%. Leucadia National Corp.’s payout ratio is 227.29%.
A number of analysts recently commented on LUK shares. TheStreet upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. Finally, Oppenheimer Holdings Inc. lifted their price objective on Leucadia National Corp. from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th.
In other news, Chairman Joseph S. Steinberg sold 200,000 shares of the company’s stock in a transaction on 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 sale, the chairman now directly owns 1,992,687 shares in the company, valued at approximately $37,940,760.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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).