Is Leucadia National Corp.’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Leucadia National Corp.'s Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Leucadia National Corp. (LUK) registered an unusually high (1,001) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious LUK increase. With 1,001 contracts traded and 17634 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: LUK161216C00022000 closed last at: $0.25 or 25% up. About 95,492 shares traded hands. Leucadia National Corp. (NYSE:LUK) has risen 25.22% since April 22, 2016 and is uptrending. It has outperformed by 19.81% the S&P500.

Analysts await Leucadia National Corp. (NYSE:LUK) to report earnings on February, 17. They expect $0.25 earnings per share, up 38.89% or $0.07 from last year’s $0.18 per share. LUK’s profit will be $91.19 million for 21.33 P/E if the $0.25 EPS becomes a reality. After $0.41 actual earnings per share reported by Leucadia National Corp. for the previous quarter, Wall Street now forecasts -39.02% negative EPS growth.

According to Zacks Investment Research, “LEUCADIA NATL is a diversified financial services holding company principally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. The Company concentrates on return on investment and cash flow to build long-term shareholder value, rather than emphasizing volume or market share. Additionally, the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses in order to maximize shareholder value.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.04, from 1.01 in 2016Q1. The ratio fall, as 49 funds sold all Leucadia National Corp. shares owned while 113 reduced positions. 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.
Great West Life Assurance Can owns 5.79 million shares or 0.34% of their US portfolio. Ny State Common Retirement Fund accumulated 0.04% or 1.55M shares. Whittier Tru Of Nevada holds 0.03% of its portfolio in Leucadia National Corp. (NYSE:LUK) for 13,817 shares. Schroder Investment Management Gru, a Maine-based fund reported 2.42 million shares. Finemark Bancshares And Tru last reported 1,506 shares in the company. Federated Pa has invested 0% of its portfolio in Leucadia National Corp. (NYSE:LUK). The Illinois-based Geneva Advsrs Lc has invested 0.02% in Leucadia National Corp. (NYSE:LUK). Jpmorgan Chase & holds 0% or 996,693 shares in its portfolio. Livingston Group Inc Asset Com (Operating As Southport Capital Management) owns 415 shares or 0% of their US portfolio. Dupont Capital has invested 0.01% of its portfolio in Leucadia National Corp. (NYSE:LUK). Grantham Mayo Van Otterloo & Limited Liability reported 450,000 shares or 0.03% of all its holdings. The New Jersey-based Prudential Fincl has invested 0.03% in Leucadia National Corp. (NYSE:LUK). State Board Of Administration Of Florida Retirement Sys accumulated 490,181 shares or 0.03% of the stock. Trafelet Brokaw Cap Management L P last reported 3,000 shares in the company. Signaturefd Ltd holds 0% or 93 shares in its portfolio.

Insider Transactions: Since June 30, 2016, the stock had 1 buy, and 1 insider sale for $2.83 million net activity. $973,040 worth of shares were bought by CAMPBELL W PATRICK on Thursday, June 30. STEINBERG JOSEPH S 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 $7.78 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 has a 202.8 P/E ratio.

LUK Company Profile

Leucadia National Corporation (Leucadia), incorporated on May 24, 1968, is a diversified holding firm focused on return on investment and long-term value creation to maximize shareholder value. 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). The Firm also owns and has investments in an array of other businesses, including National Beef (beef processing), HRG Group (HRG), Vitesse Energy and Juneau Energy (oil and gas exploration and development), Garcadia (automobile dealerships), Linkem (fixed wireless broadband services in Italy), Conwed Plastics and Idaho Timber (manufacturing) and Golden Queen (a gold and silver mining project).

More news for Leucadia National Corp. (NYSE:LUK) were recently published by: Fool.com, which released: “Where’s the Beef? Leucadia National Corp. Seems to Have Found It” on August 08, 2016. Nasdaq.com‘s article titled: “Leucadia National (LUK) Shares March Higher, Can It Continue?” and published on November 15, 2016 is yet another important article.

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