Leucadia National Corporation (LUK) Cut to Strong Sell at BidaskClub

Leucadia National Corporation (NYSE:LUK) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other equities analysts also recently issued reports on LUK. TheStreet upgraded Leucadia National Corporation from a “c” rating to a “b” rating in a report on Friday, May 5th. Zacks Investment Research downgraded Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 11th.

Shares of Leucadia National Corporation (NYSE LUK) traded down 0.64% during mid-day trading on Friday, hitting $25.02. 429,440 shares of the stock traded hands. The firm’s 50-day moving average is $26.26 and its 200-day moving average is $25.63. Leucadia National Corporation has a 52 week low of $17.87 and a 52 week high of $27.34. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 14.83 and a beta of 1.25.

Leucadia National Corporation (NYSE:LUK) last posted its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.14. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.65 billion. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. Leucadia National Corporation’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. On average, analysts forecast that Leucadia National Corporation will post $1.29 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its stake in Leucadia National Corporation by 0.3% in the second quarter. Federated Investors Inc. PA now owns 16,014 shares of the conglomerate’s stock worth $419,000 after buying an additional 52 shares in the last quarter. Creative Planning boosted its stake in Leucadia National Corporation by 0.4% in the second quarter. Creative Planning now owns 12,316 shares of the conglomerate’s stock worth $322,000 after buying an additional 55 shares in the last quarter. ING Groep NV boosted its stake in Leucadia National Corporation by 0.4% in the second quarter. ING Groep NV now owns 16,589 shares of the conglomerate’s stock worth $434,000 after buying an additional 59 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Leucadia National Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 32,772 shares of the conglomerate’s stock worth $857,000 after buying an additional 90 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Leucadia National Corporation by 0.3% in the second quarter. US Bancorp DE now owns 30,860 shares of the conglomerate’s stock worth $807,000 after buying an additional 97 shares in the last quarter. 75.23% of the stock is currently owned by hedge funds and other institutional investors.

Leucadia National Corporation Company Profile

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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