Leucadia National Corp. (NYSE:LUK) – Investment analysts at Oppenheimer Holdings lifted their FY2016 earnings estimates for shares of Leucadia National Corp. in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the brokerage will earn $0.20 per share for the year, up from their prior forecast of $0.13. Oppenheimer Holdings currently has a “Outperform” rating and a $23.00 price target on the stock.
Leucadia National Corp. (NYSE:LUK) last announced its 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%.
LUK has been the subject of a number of other research reports. Zacks Investment Research upgraded Leucadia National Corp. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday. TheStreet upgraded 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 19.55 on Friday. The firm has a 50-day moving average price of $18.98 and a 200-day moving average price of $17.75. Leucadia National Corp. has a one year low of $14.27 and a one year high of $21.20. The stock’s market cap is $7.05 billion.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUK. Willis Investment Counsel raised its position in Leucadia National Corp. by 16.6% in the first quarter. Willis Investment Counsel now owns 93,825 shares of the company’s stock worth $1,517,000 after buying an additional 13,335 shares during the last quarter. Credit Agricole S A raised its position in Leucadia National Corp. by 4.6% in the first quarter. Credit Agricole S A now owns 44,289 shares of the company’s stock worth $717,000 after buying an additional 1,933 shares during the last quarter. Investec Asset Management LTD raised its position in Leucadia National Corp. by 198.6% in the first quarter. Investec Asset Management LTD now owns 1,991,945 shares of the company’s stock worth $32,210,000 after buying an additional 1,324,745 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in Leucadia National Corp. by 118.8% in the first quarter. Landscape Capital Management L.L.C. now owns 60,300 shares of the company’s stock worth $975,000 after buying an additional 32,735 shares during the last quarter. Finally, Shufro Rose & Co. LLC bought a new position in Leucadia National Corp. during the first quarter worth about $418,000. 73.14% of the stock is currently owned by institutional investors and hedge funds.
In other news, Chairman Joseph S. Steinberg sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $19.04, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.50% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, September 15th. Leucadia National Corp.’s payout ratio is currently -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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