Riverhead Capital Management LLC lifted its position in shares of Leidos Holdings Inc (NYSE:LDOS) by 35.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 51,390 shares of the aerospace company’s stock after acquiring an additional 13,450 shares during the period. Riverhead Capital Management LLC’s holdings in Leidos were worth $3,554,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its holdings in Leidos by 4.8% in the third quarter. Mutual of America Capital Management LLC now owns 128,377 shares of the aerospace company’s stock worth $8,879,000 after purchasing an additional 5,917 shares during the period. Loomis Sayles & Co. L P lifted its holdings in Leidos by 858.9% in the third quarter. Loomis Sayles & Co. L P now owns 3,989 shares of the aerospace company’s stock worth $276,000 after purchasing an additional 3,573 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Leidos by 243.8% in the third quarter. Tower Research Capital LLC TRC now owns 15,646 shares of the aerospace company’s stock worth $1,082,000 after purchasing an additional 11,095 shares during the period. Hsbc Holdings PLC lifted its holdings in Leidos by 819.6% in the third quarter. Hsbc Holdings PLC now owns 250,725 shares of the aerospace company’s stock worth $17,341,000 after purchasing an additional 223,460 shares during the period. Finally, Stevens Capital Management LP lifted its holdings in Leidos by 58.6% in the third quarter. Stevens Capital Management LP now owns 15,191 shares of the aerospace company’s stock worth $1,051,000 after purchasing an additional 5,610 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.
LDOS has been the subject of several research analyst reports. Cowen reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Leidos in a report on Wednesday, October 17th. Zacks Investment Research downgraded shares of Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine downgraded shares of Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Argus cut their price target on shares of Leidos from $80.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $77.29.
LDOS stock opened at $58.87 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Leidos Holdings Inc has a one year low of $57.50 and a one year high of $72.30. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.38 and a beta of 1.60.
Leidos (NYSE:LDOS) last posted its quarterly earnings data on Thursday, October 25th. The aerospace company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. Leidos had a net margin of 5.04% and a return on equity of 18.67%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.64 billion. Sell-side analysts predict that Leidos Holdings Inc will post 4.36 EPS for the current year.
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Leidos Company Profile
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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