Shell Asset Management Co. increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1,956.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,015 shares of the aerospace company’s stock after buying an additional 12,382 shares during the period. Shell Asset Management Co.’s holdings in Leidos Holdings were worth $673,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in LDOS. Bronfman E.L. Rothschild L.P. boosted its position in Leidos Holdings by 4.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock valued at $110,000 after buying an additional 100 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Leidos Holdings during the first quarter valued at about $189,000. Timber Hill LLC acquired a new position in shares of Leidos Holdings during the first quarter valued at about $242,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Leidos Holdings during the first quarter valued at about $247,000. Finally, Sii Investments Inc. WI acquired a new position in shares of Leidos Holdings during the first quarter valued at about $264,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.
Leidos Holdings, Inc. (NYSE:LDOS) opened at 56.68 on Friday. The firm has a market cap of $8.57 billion, a PE ratio of 25.39 and a beta of 1.73. The stock has a 50 day moving average of $53.54 and a 200 day moving average of $52.89. Leidos Holdings, Inc. has a 52 week low of $37.79 and a 52 week high of $57.72.
Leidos Holdings (NYSE:LDOS) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was up 99.6% compared to the same quarter last year. Analysts anticipate that Leidos Holdings, Inc. will post $3.55 EPS for the current year.
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Several equities analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) raised shares of Leidos Holdings from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $61.00 to $68.00 in a research note on Thursday. Cowen and Company reaffirmed a “buy” rating on shares of Leidos Holdings in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Leidos Holdings from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a research note on Thursday, June 15th. Finally, BidaskClub cut shares of Leidos Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus 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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