Anchor Capital Advisors LLC raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 26.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,699 shares of the aerospace company’s stock after buying an additional 3,733 shares during the period. Anchor Capital Advisors LLC’s holdings in Leidos Holdings were worth $915,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of LDOS. Russell Investments Group Ltd. increased its stake in shares of Leidos Holdings by 66.1% in the first quarter. Russell Investments Group Ltd. now owns 137,581 shares of the aerospace company’s stock valued at $7,036,000 after buying an additional 54,742 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Leidos Holdings by 20.3% in the first quarter. Janney Montgomery Scott LLC now owns 81,324 shares of the aerospace company’s stock worth $4,159,000 after buying an additional 13,697 shares during the period. Naples Global Advisors LLC purchased a new position in Leidos Holdings during the first quarter worth about $737,000. Chelsea Counsel Co. boosted its position in Leidos Holdings by 18.9% in the first quarter. Chelsea Counsel Co. now owns 27,522 shares of the aerospace company’s stock worth $1,407,000 after buying an additional 4,380 shares during the period. Finally, Oakbrook Investments LLC boosted its position in Leidos Holdings by 7.3% in the first quarter. Oakbrook Investments LLC now owns 12,450 shares of the aerospace company’s stock worth $637,000 after buying an additional 850 shares during the period. 74.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Leidos Holdings, Inc. (LDOS) traded down 2.22% during trading on Thursday, hitting $55.94. The stock had a trading volume of 1,054,574 shares. The firm has a 50-day moving average of $53.89 and a 200 day moving average of $53.08. The company has a market capitalization of $8.46 billion, a P/E ratio of 25.06 and a beta of 1.73. Leidos Holdings, Inc. has a 1-year low of $38.18 and a 1-year high of $57.76.
Leidos Holdings (NYSE:LDOS) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.77 by $0.27. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The firm’s revenue for the quarter was up 99.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities research analysts predict that Leidos Holdings, Inc. will post $3.55 earnings per share for the current fiscal year.
A number of research firms have issued reports on LDOS. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $68.00 in a report on Thursday, August 10th. Cowen and Company reiterated a “buy” rating on shares of Leidos Holdings in a report on Thursday, August 3rd. Zacks Investment Research cut Leidos Holdings from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a report on Thursday, June 15th. Finally, BidaskClub cut Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Leidos Holdings has an average rating of “Buy” and an average price target of $58.50.
Leidos Holdings Company Profile
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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