Schwab Charles Investment Management Inc. Grows Holdings in Leucadia National (LUK)

Schwab Charles Investment Management Inc. grew its holdings in shares of Leucadia National (NYSE:LUK) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,683,791 shares of the conglomerate’s stock after buying an additional 3,225 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.47% of Leucadia National worth $38,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Leucadia National by 1.9% during the fourth quarter. BlackRock Inc. now owns 21,188,997 shares of the conglomerate’s stock worth $561,297,000 after buying an additional 392,250 shares during the period. Geode Capital Management LLC grew its stake in Leucadia National by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 4,681,821 shares of the conglomerate’s stock worth $123,835,000 after buying an additional 127,716 shares during the period. Schroder Investment Management Group grew its stake in Leucadia National by 2.3% during the fourth quarter. Schroder Investment Management Group now owns 3,605,228 shares of the conglomerate’s stock worth $95,503,000 after buying an additional 80,477 shares during the period. Burgundy Asset Management Ltd. grew its stake in Leucadia National by 0.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,978,872 shares of the conglomerate’s stock worth $78,910,000 after buying an additional 24,318 shares during the period. Finally, Guggenheim Capital LLC grew its stake in Leucadia National by 1.9% during the fourth quarter. Guggenheim Capital LLC now owns 2,139,991 shares of the conglomerate’s stock worth $56,690,000 after buying an additional 39,115 shares during the period. Institutional investors own 78.98% of the company’s stock.

NYSE LUK opened at $23.47 on Thursday. Leucadia National has a 52 week low of $21.61 and a 52 week high of $28.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $8.10 billion, a PE ratio of 18.81, a PEG ratio of 1.55 and a beta of 1.27.

Leucadia National (NYSE:LUK) last posted its earnings results on Thursday, April 26th. The conglomerate reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Leucadia National had a net margin of 0.45% and a return on equity of 4.80%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. equities research analysts anticipate that Leucadia National will post 0.84 earnings per share for the current year.

Several research firms have issued reports on LUK. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, March 7th. ValuEngine downgraded shares of Leucadia National from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, TheStreet downgraded shares of Leucadia National from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.

Leucadia National Profile

Leucadia National Corporation operates as a diversified holding company that focuses on financial service businesses and investments in the Americas, Europe, and Asia. Its services include equities research, sales, and trading; financing, securities lending, and other brokerage; wealth management; fixed income sales and trading; futures; equity capital markets, debt capital markets, and financial advisory; and asset management services.

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

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