Stock Traders Purchase Large Volume of Call Options on Leucadia National (LUK)
Leucadia National Corp. (NYSE:LUK) was the target of some unusual options trading activity on Thursday. Stock investors purchased 1,981 call options on the company. This is an increase of approximately 1,305% compared to the average volume of 141 call options.
Several institutional investors have recently added to or reduced their stakes in the company. RK Asset Management LLC increased its holdings in shares of Leucadia National by 2.4% in the fourth quarter. RK Asset Management LLC now owns 286,194 shares of the conglomerate’s stock worth $7,581,000 after purchasing an additional 6,694 shares during the period. Atlantic Trust Group LLC bought a new position in shares of Leucadia National in the third quarter worth $1,713,000. Parametric Portfolio Associates LLC increased its holdings in shares of Leucadia National by 3.3% in the third quarter. Parametric Portfolio Associates LLC now owns 696,968 shares of the conglomerate’s stock worth $17,598,000 after purchasing an additional 22,229 shares during the period. Burgundy Asset Management Ltd. increased its holdings in shares of Leucadia National by 1.9% in the third quarter. Burgundy Asset Management Ltd. now owns 2,954,554 shares of the conglomerate’s stock worth $74,602,000 after purchasing an additional 55,564 shares during the period. Finally, IFM Investors Pty Ltd increased its holdings in shares of Leucadia National by 44.7% in the third quarter. IFM Investors Pty Ltd now owns 15,882 shares of the conglomerate’s stock worth $401,000 after purchasing an additional 4,905 shares during the period. 74.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on LUK shares. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, October 10th. TheStreet raised shares of Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd.
Leucadia National (NYSE:LUK) last issued its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Leucadia National had a net margin of 5.48% and a return on equity of 5.83%. The business’s revenue was up 8.2% compared to the same quarter last year. equities research analysts forecast that Leucadia National will post 1.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. Leucadia National’s payout ratio is currently 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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