Price Don’t Lie: What Will Happen to Leucadia National Corp. Next? The Stock Just Reaches 52-Week High

Price Don't Lie: What Will Happen to Leucadia National Corp. Next? The Stock Just Reaches 52 Week High

The stock of Leucadia National Corp. (NYSE:LUK) hit a new 52-week high and has $23.46 target or 8.00% above today’s $21.72 share price. The 5 months bullish chart indicates low risk for the $7.90 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $23.46 price target is reached, the company will be worth $632.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 232,985 shares traded hands. Leucadia National Corp. (NYSE:LUK) has risen 23.01% since April 27, 2016 and is uptrending. It has outperformed by 17.78% 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 $90.93 million for 21.72 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 worsened, 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.
New York State Common Retirement Fund last reported 1.55 million shares in the company. Amalgamated Bancorporation has invested 0.02% of its portfolio in Leucadia National Corp. (NYSE:LUK). Investec Asset Limited last reported 2.60 million shares in the company. Next Fincl Grp Inc holds 0% or 400 shares in its portfolio. Bokf Na holds 50,367 shares or 0.03% of its portfolio. State Of Tennessee Treasury Department accumulated 0.01% or 74,060 shares. Advisors Asset Mngmt owns 10,899 shares or 0% of their US portfolio. Eubel Brady Suttman Asset Mgmt Incorporated last reported 3.61% of its portfolio in the stock. Third Avenue Limited holds 0.18% of its portfolio in Leucadia National Corp. (NYSE:LUK) for 227,515 shares. The Connecticut-based Euclid Advsr Ltd Liability Com has invested 0% in Leucadia National Corp. (NYSE:LUK). Fjarde Ap accumulated 0.03% or 78,479 shares. Kanaly Trust accumulated 119 shares or 0% of the stock. Blair William & Il owns 13,569 shares or 0% of their US portfolio. Intrepid Management has invested 4.52% of its portfolio in Leucadia National Corp. (NYSE:LUK). Moreover, Id Mngmt A S has 1.36% invested in Leucadia National Corp. (NYSE:LUK) for 248,224 shares.

Insider Transactions: Since June 30, 2016, the stock had 1 insider buy, and 1 sale for $2.83 million net activity. STEINBERG JOSEPH S had sold 200,000 shares worth $3.81M. 56,737 shares were bought by CAMPBELL W PATRICK, worth $973,040 on Thursday, June 30.

Another recent and important Leucadia National Corp. (NYSE:LUK) news was published by Fool.com which published an article titled: “Where’s the Beef? Leucadia National Corp. Seems to Have Found It” on August 08, 2016.

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).

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