Leucadia National Corporation (NYSE:LUK) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

Several other research analysts have also recently issued reports on LUK. TheStreet raised Leucadia National Corporation from a “c” rating to a “b” rating in a research report on Friday, May 5th. Zacks Investment Research cut Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th.

Shares of Leucadia National Corporation (NYSE LUK) opened at 24.72 on Friday. Leucadia National Corporation has a 52 week low of $17.87 and a 52 week high of $27.34. The company has a 50-day moving average price of $26.25 and a 200-day moving average price of $25.64. The company has a market capitalization of $8.87 billion, a PE ratio of 14.65 and a beta of 1.25.

Leucadia National Corporation (NYSE:LUK) last announced its earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.14. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. Analysts predict that Leucadia National Corporation will post $1.29 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in Leucadia National Corporation by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 406,264 shares of the conglomerate’s stock valued at $9,446,000 after buying an additional 18,787 shares during the period. Highbridge Capital Management LLC bought a new position in Leucadia National Corporation during the fourth quarter valued at approximately $328,000. Chevy Chase Trust Holdings Inc. increased its position in Leucadia National Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 279,159 shares of the conglomerate’s stock valued at $7,258,000 after buying an additional 8,406 shares during the period. Creative Planning increased its position in Leucadia National Corporation by 3.4% in the first quarter. Creative Planning now owns 12,261 shares of the conglomerate’s stock valued at $319,000 after buying an additional 401 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in Leucadia National Corporation by 2.1% in the first quarter. Gulf International Bank UK Ltd now owns 93,568 shares of the conglomerate’s stock valued at $2,432,000 after buying an additional 1,900 shares during the period. 75.23% of the stock is currently owned by hedge funds and other 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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