Leucadia National (LUK) Downgraded by Zacks Investment Research to Hold

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

According to Zacks, “Leucadia’s performance in the debt capital market has improved with solid contribution from equity capital markets, advisory activities and a favorable sales and trading environment. With significant margin contribution from National Beef and other businesses, Leucadia remains well positioned to grow. The company’s businesses have separate revenue streams that move according to their own cycle and mitigate operating risks. The company has outperformed the industry in the last three months. However, Leucadia has significant exposure to the European market which may cause uncertainty particularly after the Brexit referendum. The company has to judiciously utilize its resources and earmark funds to a particular business, which make it susceptible to high operating risks. High network maintenance costs to prevent any intrusion and data theft of confidential client information also strain margins.”

Separately, TheStreet raised shares of Leucadia National from a c+ rating to a b- rating in a report on Friday, November 3rd.

Shares of Leucadia National (NYSE LUK) opened at $24.97 on Friday. The stock has a market cap of $8,896.14, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 0.86 and a beta of 1.24. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. Leucadia National has a fifty-two week low of $22.23 and a fifty-two week high of $28.30.

Several institutional investors and hedge funds have recently bought and sold shares of LUK. Cerebellum GP LLC bought a new stake in shares of Leucadia National in the 4th quarter worth about $127,000. NEXT Financial Group Inc bought a new stake in shares of Leucadia National in the 3rd quarter worth about $134,000. Glenmede Trust Co. NA grew its holdings in shares of Leucadia National by 21,382.8% in the 4th quarter. Glenmede Trust Co. NA now owns 6,230 shares of the conglomerate’s stock worth $164,000 after purchasing an additional 6,201 shares during the last quarter. Arthur M. Cohen & Associates LLC bought a new stake in shares of Leucadia National in the 4th quarter worth about $202,000. Finally, Savant Capital LLC bought a new stake in shares of Leucadia National in the 4th quarter worth about $204,000. 73.74% of the stock is currently owned by institutional investors and hedge funds.

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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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