Leucadia National Corp. (NYSE:LUK) – Equities research analysts at Oppenheimer Holdings upped their Q3 2016 earnings per share estimates for Leucadia National Corp. in a report released on Wednesday. Oppenheimer Holdings analyst C. Kotowski now expects that the firm will post earnings of $0.43 per share for the quarter, up from their prior estimate of $0.32. Oppenheimer Holdings has a “Outperform” rating and a $23.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Leucadia National Corp.’s Q4 2016 earnings at $0.22 EPS.

Leucadia National Corp. (NYSE:LUK) last issued its earnings results 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%.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. TheStreet upgraded shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.

Shares of Leucadia National Corp. (NYSE:LUK) opened at 19.55 on Monday. The firm’s market cap is $7.05 billion. The firm has a 50-day moving average of $18.98 and a 200-day moving average of $17.75. Leucadia National Corp. has a 12 month low of $14.27 and a 12 month high of $21.20.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were paid a dividend of $0.0625 per share. 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%.

In related news, Chairman Joseph S. Steinberg sold 200,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chairman now directly owns 1,992,687 shares in the company, valued at approximately $37,940,760.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. First Allied Advisory Services Inc. boosted its stake 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 worth $173,000 after buying an additional 150 shares during the last quarter. Geneva Advisors LLC boosted its stake in shares of Leucadia National Corp. by 0.4% in the second quarter. Geneva Advisors LLC now owns 67,126 shares of the company’s stock worth $1,163,000 after buying an additional 257 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Leucadia National Corp. by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 24,739 shares of the company’s stock worth $428,000 after buying an additional 259 shares during the last quarter. Sterneck Capital Management LLC boosted its stake in shares of Leucadia National Corp. by 0.5% in the second quarter. Sterneck Capital Management LLC now owns 63,555 shares of the company’s stock worth $1,101,000 after buying an additional 300 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Leucadia National Corp. by 1.2% in the second quarter. Sunbelt Securities Inc. now owns 29,198 shares of the company’s stock worth $506,000 after buying an additional 341 shares during the last quarter. Institutional investors own 73.14% of the company’s stock.

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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