Is Buying Stock Like Leucadia National Corp. Good Idea After Today’s Bullish Options Activity?


 Is Buying Stock Like Leucadia National Corp. Good Idea After Today's Bullish Options Activity?

In today’s session Leucadia National Corp. (LUK) registered an unusually high (1,346) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious LUK increase. With 1,346 contracts traded and 13614 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: LUK161021C00019000 closed last at: $0.5 or 11.1% up. About 1.43M shares traded hands. Leucadia National Corp. (NYSE:LUK) has risen 24.12% since March 1, 2016 and is uptrending. It has outperformed by 14.87% the S&P500.

Analysts await Leucadia National Corp. (NYSE:LUK) to report earnings on November, 3. They expect $0.35 earnings per share, up 174.47% or $0.82 from last year’s $-0.47 per share. LUK’s profit will be $124.59 million for 13.56 P/E if the $0.35 EPS becomes a reality. After $0.15 actual earnings per share reported by Leucadia National Corp. for the previous quarter, Wall Street now forecasts 133.33% EPS growth.

Insitutional Activity: The institutional sentiment is 1.01 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 49 funds sold all Leucadia National Corp. shares owned while 113 reduced positions. only 38 funds bought stakes while 126 increased positions. They now own 250.34 million shares or 1.90% less from 255.18 million shares in 2016Q1.
Trust Of Vermont has invested 0.03% of its portfolio in Leucadia National Corp. (NYSE:LUK). Sterneck Capital Management Ltd Liability Corporation last reported 63,555 shares in the company. Parametric Limited Company holds 0.01% or 339,495 shares in its portfolio. Moreover, Boston Prtn has 0.02% invested in Leucadia National Corp. (NYSE:LUK) for 695,986 shares. Bnp Paribas last reported 0.01% of its portfolio in the stock. Fincl accumulated 0.02% or 16,474 shares. Enterprise, a Missouri-based fund reported 139 shares. Pnc Fincl Grp reported 166,463 shares or 0% of all its holdings. Canal Ins owns 56,191 shares or 0.32% of their US portfolio. Amalgamated Natl Bank accumulated 15,476 shares or 0.02% of the stock. Signaturefd Limited Liability Corp, a Georgia-based fund reported 93 shares. Gemmer Asset Mgmt Limited Liability Company has 0% invested in the company for 341 shares. Dupont Capital Mngmt Corporation accumulated 0.01% or 14,626 shares. Jpmorgan Chase & Com, a New York-based fund reported 996,693 shares. Farmers & Merchants Invests has invested 0% of its portfolio in Leucadia National Corp. (NYSE:LUK).

Insider Transactions: Since June 30, 2016, the stock had 1 insider buy, and 1 sale for $2.83 million net activity. Shares for $973,040 were bought by CAMPBELL W PATRICK on Thursday, June 30. STEINBERG JOSEPH S had sold 200,000 shares worth $3.81 million.

Leucadia National Corporation is a diversified holding firm focused on return on investment and long-term value creation to maximize shareholder value. The company has a market cap of $6.76 billion. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded firm providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance). It currently has negative earnings.

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