Riverhead Capital Management LLC Increases Position in Leidos Holdings Inc (LDOS)

Riverhead Capital Management LLC raised its position in Leidos Holdings Inc (NYSE:LDOS) by 35.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,390 shares of the aerospace company’s stock after purchasing an additional 13,450 shares during the quarter. Riverhead Capital Management LLC’s holdings in Leidos were worth $3,554,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LDOS. FMR LLC lifted its holdings in Leidos by 30.3% during the 2nd quarter. FMR LLC now owns 13,424,963 shares of the aerospace company’s stock worth $792,073,000 after buying an additional 3,122,237 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Leidos by 4,122.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,161,817 shares of the aerospace company’s stock worth $149,511,000 after buying an additional 2,110,621 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Leidos by 344,305.0% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,725,469 shares of the aerospace company’s stock worth $101,803,000 after buying an additional 1,724,968 shares in the last quarter. Boston Partners lifted its holdings in Leidos by 14.4% during the 2nd quarter. Boston Partners now owns 5,468,842 shares of the aerospace company’s stock worth $322,662,000 after buying an additional 687,970 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Leidos by 5.0% during the 3rd quarter. BlackRock Inc. now owns 13,530,994 shares of the aerospace company’s stock worth $935,803,000 after buying an additional 642,239 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Shares of NYSE:LDOS opened at $58.87 on Friday. Leidos Holdings Inc has a 52 week low of $57.50 and a 52 week high of $72.30. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market capitalization 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 announced its quarterly earnings data on Thursday, October 25th. The aerospace company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $2.64 billion. On average, research analysts forecast that Leidos Holdings Inc will post 4.36 earnings per share for the current year.

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

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About Leidos

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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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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