State Treasurer State of Michigan cut its stake in Leucadia National Corp. (NYSE:LUK) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,946 shares of the conglomerate’s stock after selling 4,100 shares during the quarter. State Treasurer State of Michigan’s holdings in Leucadia National were worth $2,436,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of LUK. Thrivent Financial For Lutherans increased its stake in shares of Leucadia National by 3.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock worth $321,000 after acquiring an additional 400 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Leucadia National by 12.4% in the 2nd quarter. Stifel Financial Corp now owns 79,894 shares of the conglomerate’s stock worth $2,089,000 after acquiring an additional 8,823 shares during the last quarter. AHL Partners LLP increased its stake in shares of Leucadia National by 8.3% in the 2nd quarter. AHL Partners LLP now owns 13,132 shares of the conglomerate’s stock worth $343,000 after acquiring an additional 1,005 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Leucadia National in the 2nd quarter worth $796,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Leucadia National in the 2nd quarter worth $888,000. 74.36% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on LUK shares. Zacks Investment Research raised Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, February 7th. TheStreet raised Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd.
Shares of Leucadia National Corp. (NYSE:LUK) opened at $24.25 on Monday. The stock has a market capitalization of $8,639.62, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. Leucadia National Corp. has a 52 week low of $22.23 and a 52 week high of $28.30.
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About Leucadia National
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.
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