Stock Traders Purchase Large Volume of Call Options on Leucadia National (LUK)

Leucadia National Corp. (NYSE:LUK) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 1,981 call options on the stock. This is an increase of approximately 1,305% compared to the average volume of 141 call options.

Several research analysts have recently weighed in on the stock. TheStreet raised shares of Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, October 10th.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Leucadia National by 6.1% in the second quarter. Vanguard Group Inc. now owns 33,597,744 shares of the conglomerate’s stock worth $878,918,000 after acquiring an additional 1,941,382 shares in the last quarter. BlackRock Inc. grew its position in Leucadia National by 6.0% in the second quarter. BlackRock Inc. now owns 20,684,654 shares of the conglomerate’s stock worth $541,111,000 after acquiring an additional 1,170,447 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Leucadia National by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 5,439,841 shares of the conglomerate’s stock worth $136,360,000 after acquiring an additional 139,293 shares in the last quarter. Arlington Value Capital LLC grew its position in Leucadia National by 2.1% in the second quarter. Arlington Value Capital LLC now owns 3,639,068 shares of the conglomerate’s stock worth $95,198,000 after acquiring an additional 75,200 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Leucadia National by 8.0% in the third quarter. Schroder Investment Management Group now owns 3,524,751 shares of the conglomerate’s stock worth $88,506,000 after acquiring an additional 260,877 shares in the last quarter. Institutional investors own 74.86% of the company’s stock.

Leucadia National (NYSE LUK) opened at $27.93 on Friday. Leucadia National has a 1-year low of $22.23 and a 1-year high of $28.30. The firm has a market cap of $9,968.52, a price-to-earnings ratio of 18.02, a PEG ratio of 0.96 and a beta of 1.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67.

Leucadia National (NYSE:LUK) last announced its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.10. Leucadia National had a net margin of 5.48% and a return on equity of 5.83%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. research analysts expect that Leucadia National will post 1.59 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.40 annualized dividend and a yield of 1.43%. Leucadia National’s dividend payout ratio (DPR) is presently 25.81%.

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Leucadia National 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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