Investors Buy Large Volume of Leucadia National Put Options (LUK)

Leucadia National (NYSE:LUK) was the target of some unusual options trading activity on Thursday. Stock traders bought 4,415 put options on the stock. This represents an increase of 1,176% compared to the average volume of 346 put options.

LUK stock opened at $24.02 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $8,664.07, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. Leucadia National has a 12 month low of $21.61 and a 12 month high of $28.30.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, March 16th. Leucadia National’s payout ratio is 24.24%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB lifted its stake in shares of Leucadia National by 16.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 31,077 shares of the conglomerate’s stock valued at $823,000 after buying an additional 4,470 shares during the period. Sanders Morris Harris LLC purchased a new position in shares of Leucadia National during the fourth quarter valued at approximately $4,129,000. MetLife Investment Advisors LLC purchased a new position in shares of Leucadia National during the fourth quarter valued at approximately $2,653,000. Gotham Asset Management LLC lifted its stake in shares of Leucadia National by 26.0% during the fourth quarter. Gotham Asset Management LLC now owns 18,164 shares of the conglomerate’s stock valued at $481,000 after buying an additional 3,747 shares during the period. Finally, Jump Trading LLC purchased a new position in shares of Leucadia National during the fourth quarter valued at approximately $505,000. 75.57% of the stock is currently owned by institutional investors and hedge funds.

LUK has been the topic of several research reports. Zacks Investment Research lowered shares of Leucadia National from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, April 12th. TheStreet lowered shares of Leucadia National from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Finally, ValuEngine lowered shares of Leucadia National from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd.

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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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