Eii Capital Management Inc. Reduces Position in Leucadia National Corp. (LUK)

Eii Capital Management Inc. cut its position in shares of Leucadia National Corp. (NYSE:LUK) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,400 shares of the conglomerate’s stock after selling 9,200 shares during the period. Leucadia National makes up about 1.2% of Eii Capital Management Inc.’s portfolio, making the stock its 21st biggest holding. Eii Capital Management Inc.’s holdings in Leucadia National were worth $3,267,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NEXT Financial Group Inc bought a new position in Leucadia National during the third quarter valued at approximately $134,000. Savant Capital LLC bought a new position in Leucadia National during the second quarter valued at approximately $202,000. Profund Advisors LLC bought a new position in Leucadia National during the second quarter valued at approximately $239,000. Magnetar Financial LLC bought a new position in Leucadia National during the third quarter valued at approximately $237,000. Finally, Synovus Financial Corp boosted its stake in Leucadia National by 19.5% during the second quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock valued at $258,000 after buying an additional 1,609 shares during the last quarter. 75.11% of the stock is owned by institutional investors.

A number of brokerages recently commented on LUK. TheStreet raised Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, October 10th.

Leucadia National Corp. (LUK) traded up $0.15 during trading hours on Wednesday, hitting $26.11. The stock had a trading volume of 2,173,200 shares, compared to its average volume of 1,596,726. The company has a market cap of $9,284.48, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. Leucadia National Corp. has a 1-year low of $22.23 and a 1-year high of $27.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67.

Leucadia National (NYSE:LUK) last posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. Leucadia National had a return on equity of 5.83% and a net margin of 5.48%. The firm’s revenue was up 8.2% compared to the same quarter last year. analysts expect that Leucadia National Corp. will post 1.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, December 12th. Leucadia National’s payout ratio is 25.81%.

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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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