Stock Traders Purchase High Volume of Call Options on Leidos (LDOS)

Leidos Holdings Inc (NYSE:LDOS) was the target of unusually large options trading on Tuesday. Stock traders purchased 7,690 call options on the company. This is an increase of approximately 2,245% compared to the typical daily volume of 328 call options.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LDOS. Braun Bostich & Associates Inc. bought a new position in shares of Leidos during the 2nd quarter valued at approximately $112,000. Fort L.P. bought a new position in shares of Leidos during the 2nd quarter valued at approximately $119,000. Zions Bancorporation bought a new position in shares of Leidos during the 3rd quarter valued at approximately $137,000. Point72 Hong Kong Ltd increased its position in shares of Leidos by 96.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 2,485 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Welch & Forbes LLC bought a new position in shares of Leidos during the 3rd quarter valued at approximately $207,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:LDOS opened at $58.95 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.38. Leidos has a 1 year low of $57.50 and a 1 year high of $72.30. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.44 and a beta of 1.60.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Thursday, October 25th. The aerospace company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.04. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.64 billion. Leidos had a return on equity of 18.67% and a net margin of 5.04%. On average, equities analysts expect that Leidos will post 4.36 earnings per share for the current fiscal year.

LDOS has been the topic of a number of research reports. Cowen reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Leidos in a research note on Wednesday, October 17th. Zacks Investment Research downgraded Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine downgraded Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Argus reduced their price objective on Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Leidos presently has an average rating of “Buy” and a consensus target price of $77.29.

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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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