Leucadia National (LUK) Bond Prices Fall 0.6%

An issue of Leucadia National (NYSE:LUK) bonds fell 0.6% against their face value during trading on Friday. The high-yield issue of debt has a 6.625% coupon and is set to mature on October 23, 2043. The bonds in the issue are now trading at $108.34 and were trading at $107.97 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.

A number of analysts have weighed in on the company. Zacks Investment Research cut Leucadia National from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday. ValuEngine cut Leucadia National from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, TheStreet cut Leucadia National from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd.

Leucadia National stock traded down $0.06 during mid-day trading on Friday, reaching $24.30. 3,280,381 shares of the company were exchanged, compared to its average volume of 2,161,346. The stock has a market capitalization of $8,660.51, a price-to-earnings ratio of 14.73, a PEG ratio of 1.08 and a beta of 1.30. Leucadia National has a twelve month low of $21.61 and a twelve month high of $28.30. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.06.



Leucadia National (NYSE:LUK) last issued its earnings results on Thursday, February 22nd. The conglomerate reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. Leucadia National had a return on equity of 6.25% and a net margin of 1.81%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. equities analysts predict that Leucadia National will post 1.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Monday, March 19th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, March 16th. Leucadia National’s dividend payout ratio (DPR) is 24.24%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its stake in Leucadia National by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 69,563 shares of the conglomerate’s stock valued at $1,843,000 after purchasing an additional 2,061 shares in the last quarter. Wealthfront Inc. increased its stake in Leucadia National by 21.0% in the 4th quarter. Wealthfront Inc. now owns 17,217 shares of the conglomerate’s stock valued at $456,000 after purchasing an additional 2,987 shares in the last quarter. BB&T Corp increased its stake in Leucadia National by 29.1% in the 4th quarter. BB&T Corp now owns 14,009 shares of the conglomerate’s stock valued at $371,000 after purchasing an additional 3,155 shares in the last quarter. Amalgamated Bank increased its stake in Leucadia National by 9.6% in the 4th quarter. Amalgamated Bank now owns 41,038 shares of the conglomerate’s stock valued at $1,087,000 after purchasing an additional 3,607 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Leucadia National by 0.7% in the 4th quarter. Rhumbline Advisers now owns 544,359 shares of the conglomerate’s stock valued at $14,420,000 after purchasing an additional 3,728 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

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Leucadia National Company Profile

Leucadia National Corporation operates as a diversified holding company that focuses on financial service businesses and investments in the Americas, Europe, and Asia. Its services include equities research, sales, and trading; financing, securities lending, and other brokerage; wealth management; fixed income sales and trading; futures; equity capital markets, debt capital markets, and financial advisory; and asset management services.

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