Breaking: Leucadia National Corp. Just Reaches 52-Week High?

Breaking: Leucadia National Corp. Just Reaches 52 Week High?

The stock of Leucadia National Corp. (NYSE:LUK) hit a new 52-week high and has $28.74 target or 37.00% above today’s $20.98 share price. The 5 months bullish chart indicates low risk for the $7.63B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $28.74 price target is reached, the company will be worth $2.82B 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. The stock last traded at $20.98 per share. It is down 23.62% since April 19, 2016 and is uptrending. It has outperformed by 19.76% the S&P500.

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 Q2 2016. Its down 0.04, from 1.01 in 2016Q1. The ratio dropped, 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.
Goldman Sachs Group Inc accumulated 995,144 shares or 0.01% of the stock. Fjarde Ap has invested 0.03% of its portfolio in Leucadia National Corp. (NYSE:LUK). Tarbox accumulated 0% or 135 shares. Investec Asset Management Limited last reported 2.60 million shares in the company. Us National Bank & Trust De has 46,427 shares for 0% of their US portfolio. Usca Ria Ltd Co has 30,370 shares for 0.09% of their US portfolio. Sumitomo Mitsui Asset Mngmt has 24,739 shares for 0.01% of their US portfolio. Clearbridge Invs Ltd Co accumulated 0% or 32,000 shares. M Holdings Inc reported 21,939 shares or 0.19% of all its holdings. Creative Planning has 14,628 shares for 0% of their US portfolio. Synovus Corporation owns 15,289 shares or 0.01% of their US portfolio. Insight 2811 Inc owns 34,975 shares or 0.23% of their US portfolio. Great West Life Assurance Can holds 0.34% of its portfolio in Leucadia National Corp. (NYSE:LUK) for 5.79M shares. Ing Groep Nv last reported 11,753 shares in the company. Barnett & accumulated 700 shares or 0.01% of the stock.

Insider Transactions: Since June 30, 2016, the stock had 1 insider buy, and 1 insider sale for $2.83 million net activity. CAMPBELL W PATRICK had bought 56,737 shares worth $973,040 on Thursday, June 30. Another trade for 200,000 shares valued at $3.81 million was made by STEINBERG JOSEPH S on Wednesday, September 21.

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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