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

Leucadia National Corp. (NYSE:LUK) was the target of some unusual options trading on Thursday. Traders acquired 1,981 call options on the stock. This represents an increase of approximately 1,305% compared to the average volume of 141 call options.

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

Shares of Leucadia National (NYSE:LUK) opened at $28.01 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $9,979.21, a PE ratio of 18.07, a price-to-earnings-growth ratio of 0.96 and a beta of 1.29. Leucadia National has a one year low of $22.23 and a one year high of $28.30.

Leucadia National (NYSE:LUK) last issued its earnings results on Thursday, October 26th. The conglomerate reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Leucadia National had a return on equity of 5.83% and a net margin of 5.48%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.66 billion. The company’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 year.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial For Lutherans boosted its stake in shares of Leucadia National by 3.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock worth $321,000 after buying an additional 400 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Leucadia National in the third quarter worth about $8,823,000. Gyroscope Capital Management Group LLC boosted its stake in shares of Leucadia National by 50.0% in the second quarter. Gyroscope Capital Management Group LLC now owns 132,015 shares of the conglomerate’s stock worth $3,454,000 after buying an additional 44,005 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in shares of Leucadia National by 44.3% in the third quarter. Pinebridge Investments L.P. now owns 782,345 shares of the conglomerate’s stock worth $19,754,000 after buying an additional 240,323 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Leucadia National by 20.4% in the second quarter. JPMorgan Chase & Co. now owns 1,632,565 shares of the conglomerate’s stock worth $42,708,000 after buying an additional 276,375 shares during the last quarter. Hedge funds and other institutional investors own 74.86% of the company’s stock.

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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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