Leidos Sees Unusually High Options Volume (LDOS)

Leidos Holdings, Inc. (NYSE:LDOS) saw some unusual options trading on Monday. Investors purchased 12,066 call options on the company. This is an increase of 1,118% compared to the typical volume of 991 call options.

Shares of Leidos (NYSE LDOS) traded up $1.11 during mid-day trading on Wednesday, hitting $65.73. The stock had a trading volume of 585,323 shares, compared to its average volume of 830,695. The company has a current ratio of 1.27, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The firm has a market cap of $9,733.52, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.63. Leidos has a twelve month low of $49.84 and a twelve month high of $68.25.

In other Leidos news, Director John P. Jumper sold 61,212 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $64.06, for a total value of $3,921,240.72. Following the completion of the transaction, the director now directly owns 306,709 shares of the company’s stock, valued at $19,647,778.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Leidos by 20.5% during the 2nd quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock worth $235,717,000 after buying an additional 776,462 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Leidos during the 2nd quarter worth approximately $16,934,000. California State Teachers Retirement System raised its stake in shares of Leidos by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 270,249 shares of the aerospace company’s stock worth $13,969,000 after buying an additional 4,052 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Leidos by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 211,864 shares of the aerospace company’s stock worth $10,951,000 after buying an additional 5,363 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Leidos by 9.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 58,572 shares of the aerospace company’s stock worth $3,028,000 after buying an additional 4,990 shares during the period. 73.12% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on LDOS shares. Zacks Investment Research downgraded Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub downgraded Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Wells Fargo & Co raised Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a report on Wednesday, October 25th. Cowen reissued a “buy” rating and issued a $68.00 price target on shares of Leidos in a report on Thursday, November 2nd. Finally, Citigroup boosted their price target on Leidos from $65.00 to $71.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $69.33.

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About Leidos

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

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