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

Leucadia National Corp. (NYSE:LUK) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 1,099 put options on the stock. This represents an increase of approximately 947% compared to the average daily volume of 105 put options.

Several research firms have weighed in on LUK. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday. TheStreet upgraded shares of Leucadia National from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd.

Shares of Leucadia National (NYSE:LUK) opened at $24.25 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $8,640.00, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.86 and a beta of 1.24. Leucadia National has a 1 year low of $22.23 and a 1 year high of $28.30.

A number of institutional investors and hedge funds have recently bought and sold shares of LUK. Cerebellum GP LLC acquired a new stake in Leucadia National in the 4th quarter valued at about $127,000. NEXT Financial Group Inc acquired a new stake in shares of Leucadia National during the 3rd quarter worth approximately $134,000. Arthur M. Cohen & Associates LLC acquired a new stake in shares of Leucadia National during the 4th quarter worth approximately $202,000. Savant Capital LLC acquired a new stake in shares of Leucadia National during the 4th quarter worth approximately $204,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Leucadia National during the 4th quarter worth approximately $220,000. Hedge funds and other institutional investors own 74.78% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://sportsperspectives.com/2018/02/10/investors-buy-large-volume-of-put-options-on-leucadia-national-luk.html.

Leucadia National Company Profile

Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.

Receive News & Ratings for Leucadia National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucadia National and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply