Bank of New York Mellon Corp reduced its holdings in shares of Leucadia National Corp. (NYSE:LUK) by 12.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,050,378 shares of the conglomerate’s stock after selling 1,402,403 shares during the quarter. Bank of New York Mellon Corp’s holdings in Leucadia National were worth $266,235,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in LUK. Rhumbline Advisers increased its holdings in shares of Leucadia National by 0.7% in the fourth quarter. Rhumbline Advisers now owns 544,359 shares of the conglomerate’s stock valued at $14,420,000 after purchasing an additional 3,728 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Leucadia National in the fourth quarter valued at about $1,147,000. Signition LP acquired a new position in shares of Leucadia National in the fourth quarter valued at about $551,000. Toronto Dominion Bank increased its holdings in shares of Leucadia National by 12.6% in the fourth quarter. Toronto Dominion Bank now owns 135,595 shares of the conglomerate’s stock valued at $3,592,000 after purchasing an additional 15,181 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Leucadia National by 3.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 374,148 shares of the conglomerate’s stock valued at $9,912,000 after purchasing an additional 12,656 shares during the period. 73.74% of the stock is currently owned by institutional investors.
Leucadia National Corp. (NYSE:LUK) opened at $25.10 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $8,896.14, a PE ratio of 16.19, a PEG ratio of 0.86 and a beta of 1.24. Leucadia National Corp. has a 1-year low of $22.23 and a 1-year 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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