Leucadia National Corporation (LUK) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Leucadia National Corporation (NYSE:LUK) from a hold rating to a sell rating in a research note released on Tuesday.

According to Zacks, “Leucadia has a significant exposure to the European market. Post Brexit referendum, when the economy in the region is highly unpredictable, it becomes difficult for the company to increase revenues and reduce costs. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering the productivity of the company. High network maintenance costs to prevent any intrusion and data theft of confidential and sensitive client information strain margins and remain significant headwinds for the company. In addition, diffused business focus and lack of clarity in strategic goals and priorities make it susceptible to high operating risks and lower its profitability to some extent. However, Leucadia's businesses are favorably positioned for the future with improving fundamentals. The company also outperformed the industry year to date.”

Other research analysts have also recently issued research reports about the company. TheStreet upgraded Leucadia National Corporation from a c rating to a b rating in a research note on Friday, May 5th. BidaskClub upgraded Leucadia National Corporation from a sell rating to a hold rating in a research note on Tuesday, June 13th.

Leucadia National Corporation (LUK) traded down 1.07% during midday trading on Tuesday, reaching $25.08. The company’s stock had a trading volume of 504,542 shares. The company has a 50 day moving average of $25.16 and a 200-day moving average of $24.95. Leucadia National Corporation has a 1-year low of $15.48 and a 1-year high of $27.34. The company has a market capitalization of $9.02 billion, a P/E ratio of 14.82 and a beta of 1.26.

Leucadia National Corporation (NYSE:LUK) last issued its quarterly earnings data on Thursday, April 27th. The conglomerate reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Leucadia National Corporation had a return on equity of 6.32% and a net margin of 5.99%. The company’s quarterly revenue was up 42.3% on a year-over-year basis. Equities research analysts anticipate that Leucadia National Corporation will post $1.58 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Monday, June 19th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, June 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is 3.57%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUK. Contravisory Investment Management Inc. boosted its position in Leucadia National Corporation by 63.6% in the first quarter. Contravisory Investment Management Inc. now owns 5,162 shares of the conglomerate’s stock valued at $134,000 after buying an additional 2,006 shares during the period. IFP Advisors Inc boosted its position in Leucadia National Corporation by 14.2% in the first quarter. IFP Advisors Inc now owns 6,258 shares of the conglomerate’s stock valued at $163,000 after buying an additional 776 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in Leucadia National Corporation during the first quarter valued at approximately $192,000. Atria Investments LLC acquired a new position in Leucadia National Corporation during the first quarter valued at approximately $200,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Leucadia National Corporation during the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 75.54% of the company’s stock.

Leucadia National Corporation 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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