Levin Capital Strategies L.P. Boosts Stake in Leucadia National (LUK)

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Levin Capital Strategies L.P. lifted its stake in shares of Leucadia National (NYSE:LUK) by 145.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,500 shares of the conglomerate’s stock after buying an additional 14,500 shares during the period. Levin Capital Strategies L.P.’s holdings in Leucadia National were worth $557,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in shares of Leucadia National by 5.5% during the fourth quarter. Deutsche Bank AG now owns 1,377,127 shares of the conglomerate’s stock worth $36,476,000 after buying an additional 71,304 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Leucadia National during the fourth quarter worth $12,882,000. BlackRock Inc. lifted its stake in shares of 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. Ontario Teachers Pension Plan Board lifted its stake in shares of Leucadia National by 50.6% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 188,068 shares of the conglomerate’s stock worth $4,982,000 after buying an additional 63,221 shares during the period. Finally, Glenmede Trust Co. NA lifted its stake in shares of Leucadia National by 21,382.8% during the fourth quarter. Glenmede Trust Co. NA now owns 6,230 shares of the conglomerate’s stock worth $164,000 after buying an additional 6,201 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Several equities research analysts have recently commented on LUK shares. Zacks Investment Research downgraded shares of Leucadia National from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, April 12th. TheStreet downgraded shares of Leucadia National from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, ValuEngine downgraded shares of Leucadia National from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.

NYSE LUK opened at $23.47 on Thursday. The firm has a market cap of $8.09 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.68. Leucadia National has a 1 year low of $21.61 and a 1 year high of $28.30.

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

About Leucadia National

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.

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

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