Traders Buy High Volume of Leucadia National Call Options (LUK)
Leucadia National Corp. (NYSE:LUK) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 1,126 call options on the stock. This represents an increase of approximately 1,037% compared to the typical daily volume of 99 call options.
Leucadia National (LUK) opened at $26.39 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.02. Leucadia National has a twelve month low of $22.23 and a twelve month high of $27.33. The firm has a market cap of $9,416.30, a P/E ratio of 17.05, a PEG ratio of 1.06 and a beta of 1.29.
Leucadia National (NYSE:LUK) last released its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.10. Leucadia National had a net margin of 5.48% and a return on equity of 5.83%. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Leucadia National’s revenue was up 8.2% compared to the same quarter last year. analysts anticipate that Leucadia National will post 1.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Leucadia National’s payout ratio is 25.81%.
Several research analysts have recently issued reports on the stock. TheStreet upgraded shares of Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. BidaskClub downgraded shares of Leucadia National from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, October 10th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc purchased a new position in shares of Leucadia National during the third quarter valued at approximately $134,000. Savant Capital LLC purchased a new position in shares of Leucadia National during the second quarter valued at approximately $202,000. Eagle Global Advisors LLC purchased a new position in shares of Leucadia National during the second quarter valued at approximately $219,000. Profund Advisors LLC purchased a new position in shares of Leucadia National during the second quarter valued at approximately $239,000. Finally, Magnetar Financial LLC purchased a new position in shares of Leucadia National during the third quarter valued at approximately $237,000. 75.11% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This article was originally published by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.watchlistnews.com/traders-buy-high-volume-of-leucadia-national-call-options-luk/1744244.html.
About Leucadia National
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.
Receive News & Ratings for Leucadia National Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucadia National Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.