Shares of Leucadia National Corp. (NYSE:LUK) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $24.00 for the company and are expecting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given Leucadia National Corp. an industry rank of 200 out of 265 based on the ratings given to its competitors.
LUK has been the topic of a number of recent analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $22.00 price objective on shares of Leucadia National Corp. in a report on Wednesday, June 22nd. Zacks Investment Research upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a report on Friday, June 24th. Finally, TheStreet upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th.
Shares of Leucadia National Corp. (NYSE:LUK) opened at 18.97 on Wednesday. The company’s market cap is $6.84 billion. Leucadia National Corp. has a 12 month low of $14.27 and a 12 month high of $20.54. The firm’s 50-day moving average price is $19.06 and its 200 day moving average price is $17.85.
Leucadia National Corp. (NYSE:LUK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.15 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%. Equities research analysts anticipate that Leucadia National Corp. will post $0.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, September 15th. Leucadia National Corp.’s payout ratio is -32.47%.
In other Leucadia National Corp. 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 sale, 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 SEC, which can be accessed through the SEC website. 9.50% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Leucadia National Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 28,722,993 shares of the company’s stock worth $497,768,000 after buying an additional 668,282 shares during the last quarter. First Pacific Advisors LLC raised its stake in shares of Leucadia National Corp. by 7.7% in the second quarter. First Pacific Advisors LLC now owns 22,520,090 shares of the company’s stock worth $390,273,000 after buying an additional 1,617,090 shares during the last quarter. State Street Corp raised its stake in shares of Leucadia National Corp. by 0.4% in the first quarter. State Street Corp now owns 13,268,596 shares of the company’s stock worth $214,564,000 after buying an additional 55,928 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Leucadia National Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,471,633 shares of the company’s stock worth $136,986,000 after buying an additional 22,742 shares during the last quarter. Finally, Scopia Capital Management LP purchased a new stake in shares of Leucadia National Corp. during the first quarter worth about $106,120,000. 73.12% of the stock is currently owned by institutional investors.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Leucadia National Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucadia National Corp. and related companies with MarketBeat.com's FREE daily email newsletter.