Leucadia National Corp. (LUK) Downgraded by BidaskClub
BidaskClub cut shares of Leucadia National Corp. (NYSE:LUK) from a sell rating to a strong sell rating in a research note issued to investors on Friday.
Several other brokerages also recently weighed in on LUK. Zacks Investment Research downgraded Leucadia National Corp. from a hold rating to a sell rating in a research report on Tuesday, June 20th. TheStreet upgraded Leucadia National Corp. from a c rating to a b rating in a research report on Friday, May 5th.
Leucadia National Corp. (LUK) traded up 0.910% during trading on Friday, reaching $24.945. The company had a trading volume of 854,346 shares. The firm has a market capitalization of $8.95 billion, a P/E ratio of 14.787 and a beta of 1.25. The stock has a 50 day moving average price of $26.26 and a 200 day moving average price of $25.64. Leucadia National Corp. has a 52 week low of $17.87 and a 52 week high of $27.34.
Leucadia National Corp. (NYSE:LUK) last announced its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.14. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. Leucadia National Corp. had a return on equity of 2.23% and a net margin of 2.71%. Leucadia National Corp.’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. Analysts predict that Leucadia National Corp. will post $1.29 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 15th. This is a positive change from Leucadia National Corp.’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. Leucadia National Corp.’s dividend payout ratio (DPR) is currently 3.55%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its position in Leucadia National Corp. by 14.2% in the first quarter. IFP Advisors Inc now owns 6,258 shares of the conglomerate’s stock worth $163,000 after buying an additional 776 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in Leucadia National Corp. during the first quarter worth $192,000. Atria Investments LLC acquired a new position in Leucadia National Corp. during the first quarter worth $200,000. Ameritas Investment Partners Inc. acquired a new position in Leucadia National Corp. during the first quarter worth $202,000. Finally, Savant Capital LLC acquired a new position in Leucadia National Corp. during the second quarter worth $202,000. 75.48% of the stock is currently owned by hedge funds and other institutional investors.
About Leucadia National Corp.
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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