Leucadia National Corporation (NYSE:LUK) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other research analysts have also issued reports on LUK. Zacks Investment Research upgraded shares of Leucadia National Corporation from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Wednesday, March 1st. TheStreet raised shares of Leucadia National Corporation from a “c” rating to a “b” rating in a research report on Friday, May 5th.

Shares of Leucadia National Corporation (NYSE:LUK) traded up 1.85% on Tuesday, reaching $25.88. 1,377,569 shares of the company were exchanged. Leucadia National Corporation has a 12 month low of $15.48 and a 12 month high of $27.33. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 15.30 and a beta of 1.26. The company’s 50-day moving average price is $25.18 and its 200 day moving average price is $24.81.

Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings results on Thursday, April 27th. The conglomerate reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. Leucadia National Corporation had a net margin of 5.99% and a return on equity of 6.32%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.99 billion. The business’s revenue was up 42.3% on a year-over-year basis. On average, equities research analysts expect that Leucadia National Corporation will post $1.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Monday, June 19th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, June 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is 3.57%.

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Hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP increased its stake in shares of Leucadia National Corporation by 48.1% in the fourth quarter. Two Sigma Investments LP now owns 50,073 shares of the conglomerate’s stock valued at $1,164,000 after buying an additional 16,267 shares during the period. Employees Retirement System of Texas increased its stake in shares of Leucadia National Corporation by 13.0% in the fourth quarter. Employees Retirement System of Texas now owns 52,000 shares of the conglomerate’s stock valued at $1,209,000 after buying an additional 6,000 shares during the period. Prudential Financial Inc. increased its stake in shares of Leucadia National Corporation by 175.4% in the first quarter. Prudential Financial Inc. now owns 1,976,039 shares of the conglomerate’s stock valued at $51,377,000 after buying an additional 1,258,470 shares during the period. Quadrature Capital Ltd increased its stake in shares of Leucadia National Corporation by 110.2% in the fourth quarter. Quadrature Capital Ltd now owns 36,288 shares of the conglomerate’s stock valued at $844,000 after buying an additional 19,028 shares during the period. Finally, Teza Capital Management LLC bought a new stake in shares of Leucadia National Corporation during the first quarter valued at approximately $350,000. 75.55% of the stock is owned by institutional investors.

About Leucadia National Corporation

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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