NN Investment Partners Holdings N.V. lowered its position in shares of Leucadia National Corp. (NYSE:LUK) by 10.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 115,907 shares of the company’s stock after selling 13,403 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Leucadia National Corp. were worth $2,695,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Leucadia National Corp. by 45.5% in the third quarter. Victory Capital Management Inc. now owns 6,192 shares of the company’s stock worth $118,000 after buying an additional 1,937 shares in the last quarter. TLP Group LLC acquired a new stake in Leucadia National Corp. during the third quarter valued at $128,000. Strs Ohio acquired a new stake in Leucadia National Corp. during the third quarter valued at $132,000. Daiwa Securities Group Inc. increased its stake in Leucadia National Corp. by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the period. Finally, First Allied Advisory Services Inc. raised its position in shares of Leucadia National Corp. by 1.5% in the second quarter. First Allied Advisory Services Inc. now owns 10,335 shares of the company’s stock valued at $173,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 71.25% of the company’s stock.
Leucadia National Corp. (NYSE:LUK) traded down 1.25% during trading on Thursday, reaching $22.91. The company’s stock had a trading volume of 1,068,639 shares. The stock has a 50 day moving average price of $23.37 and a 200 day moving average price of $19.99. Leucadia National Corp. has a 1-year low of $14.27 and a 1-year high of $24.17. The stock has a market capitalization of $8.25 billion, a PE ratio of 195.81 and a beta of 1.42.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 14th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.08%. The ex-dividend date was Monday, December 12th. Leucadia National Corp.’s payout ratio is currently 54.55%.
LUK has been the topic of several research reports. Zacks Investment Research upgraded Leucadia National Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, October 5th. Oppenheimer Holdings Inc. raised their price target on Leucadia National Corp. from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 30th.
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).
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