Shares of Leucadia National Corp. (NYSE:LUK) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $24.00 for the company and are forecasting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Leucadia National Corp. an industry rank of 197 out of 265 based on the ratings given to its competitors.
A number of research firms have weighed in on LUK. Zacks Investment Research raised shares of Leucadia National Corp. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, October 5th. TheStreet raised shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. upped their price objective on shares of Leucadia National Corp. from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, August 5th.
In other news, Chairman Joseph S. Steinberg sold 200,000 shares of the stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $19.04, for a total transaction of $3,808,000.00. Following the transaction, the chairman now owns 1,992,687 shares of the company’s stock, valued at $37,940,760.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.50% of the company’s stock.
Several institutional investors have recently modified their holdings of LUK. Daiwa Securities Group Inc. boosted its position in shares of 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 last quarter. First Allied Advisory Services Inc. boosted 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 during the last quarter. Cedar Wealth Management LLC boosted its position in shares of Leucadia National Corp. by 51.8% in the second quarter. Cedar Wealth Management LLC now owns 10,170 shares of the company’s stock valued at $176,000 after buying an additional 3,470 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Leucadia National Corp. during the second quarter valued at approximately $178,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Leucadia National Corp. during the second quarter valued at approximately $182,000. 73.14% of the stock is currently owned by institutional investors and hedge funds.
Leucadia National Corp. (NYSE:LUK) opened at 18.97 on Wednesday. Leucadia National Corp. has a 12 month low of $14.27 and a 12 month high of $20.54. The firm’s market cap is $6.84 billion. The company has a 50-day moving average price of $19.06 and a 200 day moving average price of $17.85.
Leucadia National Corp. (NYSE:LUK) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.15 earnings per share 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%. Equities research analysts anticipate that Leucadia National Corp. will post $0.13 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were given a dividend of $0.0625 per share. The ex-dividend date was Thursday, September 15th. This represents a $0.25 annualized dividend and a dividend yield of 1.32%. Leucadia National Corp.’s payout ratio is -32.47%.
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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