Q3 2016 EPS Estimates for Leucadia National Corp. (LUK) Raised by Analyst
Leucadia National Corp. (NYSE:LUK) – Investment analysts at Oppenheimer Holdings increased their Q3 2016 EPS estimates for shares of Leucadia National Corp. in a research report issued on Wednesday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the firm will earn $0.43 per share for the quarter, up from their prior estimate of $0.32. Oppenheimer Holdings currently has a “Outperform” rating and a $23.00 price target on the stock. Oppenheimer Holdings also issued estimates for Leucadia National Corp.’s Q4 2016 earnings at $0.22 EPS.
Several other research analysts also recently commented on LUK. Zacks Investment Research raised Leucadia National Corp. from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a report on Friday, June 24th. TheStreet raised 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 19.55 on Monday. Leucadia National Corp. has a 52 week low of $14.27 and a 52 week high of $21.20. The firm’s market capitalization is $7.05 billion. The firm’s 50-day moving average price is $18.98 and its 200 day moving average price is $17.75.
Leucadia National Corp. (NYSE:LUK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.10. Leucadia National Corp. had a negative return on equity of 2.61% and a negative net margin of 2.95%.
Several hedge funds and other institutional investors have recently made changes to their positions in LUK. Daiwa Securities Group Inc. increased its position in shares of Leucadia National Corp. by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the last quarter. Cedar Wealth Management LLC increased its position in Leucadia National Corp. by 51.8% in the second quarter. Cedar Wealth Management LLC now owns 10,170 shares of the company’s stock valued at $176,000 after buying an additional 3,470 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Leucadia National Corp. during the second quarter valued at about $178,000. First Allied Advisory Services Inc. increased its position in 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 valued at $173,000 after buying an additional 150 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Leucadia National Corp. during the second quarter valued at about $182,000. 73.14% of the stock is currently owned by institutional investors and hedge funds.
In other 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 transaction, the chairman now directly owns 1,992,687 shares of the company’s stock, valued at approximately $37,940,760.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.50% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend 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%.
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).
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