Leucadia National (LUK) Bond Prices Fall 0.6%

An issue of Leucadia National (NYSE:LUK) debt fell 0.6% as a percentage of its face value during trading on Monday. The debt issue has a 6.625% coupon and will mature on October 23, 2043. The debt is now trading at $108.34 and was trading at $107.97 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

LUK has been the subject of a number of analyst reports. Zacks Investment Research upgraded Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, February 1st. TheStreet cut Leucadia National from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Finally, ValuEngine cut Leucadia National from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd.

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LUK traded up $0.33 during midday trading on Monday, reaching $24.63. The company had a trading volume of 3,120,715 shares, compared to its average volume of 2,174,670. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. The stock has a market cap of $8,656.94, a price-to-earnings ratio of 14.93, a PEG ratio of 1.08 and a beta of 1.30. Leucadia National has a 1 year low of $21.61 and a 1 year high of $28.30.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, March 16th. Leucadia National’s dividend payout ratio is currently 24.24%.

Large investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC purchased a new stake in shares of Leucadia National during the fourth quarter worth about $127,000. Glenmede Trust Co. NA grew its position in shares of Leucadia National by 21,382.8% during the fourth 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 in the last quarter. Arthur M. Cohen & Associates LLC purchased a new stake in shares of Leucadia National during the fourth quarter worth about $202,000. Savant Capital LLC purchased a new stake in shares of Leucadia National during the fourth quarter worth about $204,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Leucadia National during the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 75.57% of the company’s stock.

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About Leucadia National

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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