Leucadia National Corp. (NYSE:LUK) – Oppenheimer Holdings reduced their Q3 2016 earnings per share estimates for Leucadia National Corp. in a research note issued on Tuesday. Oppenheimer Holdings analyst C. Kotowski now expects that the firm will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.35. Oppenheimer Holdings currently has a “Outperform” rating and a $23.00 target price on the stock. Oppenheimer Holdings also issued estimates for Leucadia National Corp.’s Q4 2016 earnings at $0.25 EPS and FY2016 earnings at $0.13 EPS.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet raised shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.
Leucadia National Corp. (NYSE:LUK) opened at 18.84 on Thursday. The stock’s market capitalization is $6.79 billion. The company’s 50-day moving average is $18.92 and its 200-day moving average is $17.50. Leucadia National Corp. has a 12 month low of $14.27 and a 12 month high of $21.29.
Leucadia National Corp. (NYSE:LUK) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.10. Leucadia National Corp. had a negative net margin of 2.95% and a negative return on equity of 2.61%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Group LTD boosted its position in Leucadia National Corp. by 1.6% in the first quarter. BlackRock Group LTD now owns 2,441,689 shares of the company’s stock worth $39,480,000 after buying an additional 38,559 shares during the last quarter. FDO Partners LLC bought a new position in Leucadia National Corp. during the first quarter worth approximately $1,374,000. Continental Advisors LLC bought a new position in Leucadia National Corp. during the first quarter worth approximately $1,260,000. Prudential Financial Inc. boosted its position in Leucadia National Corp. by 79.0% in the first quarter. Prudential Financial Inc. now owns 711,738 shares of the company’s stock worth $11,509,000 after buying an additional 314,100 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its position in Leucadia National Corp. by 3.5% in the first quarter. Teachers Advisors Inc. now owns 334,040 shares of the company’s stock worth $5,401,000 after buying an additional 11,341 shares during the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.
In related news, Director W Patrick Campbell purchased 56,737 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were purchased at an average cost of $17.15 per share, for a total transaction of $973,039.55. Following the completion of the acquisition, the director now owns 107,920 shares in the company, valued at approximately $1,850,828. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph S. Steinberg sold 200,000 shares of the company’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $19.04, for a total transaction of $3,808,000.00. Following the completion of the transaction, the chairman now owns 1,992,687 shares in the company, valued at $37,940,760.48. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 19th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 15th. Leucadia National Corp.’s payout ratio is presently -32.47%.
Leucadia National Corp. Company Profile
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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