Pennant Capital Management adds Leidos Holdings (LDOS) to its portfolio

Leidos Holdings (LDOS) : Pennant Capital Management added new position in Leidos Holdings during the most recent quarter end. The investment management firm now holds 1,892,600 shares of Leidos Holdings which is valued at $89,709,240 , the company said in a statement filed on Nov 14, 2016 with the SEC.Leidos Holdings makes up approximately 3.90% of Pennant Capital Management’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc boosted its stake in LDOS in the latest quarter, The investment management firm added 4,362 additional shares and now holds a total of 219,237 shares of Leidos Holdings which is valued at $10,183,559. Leidos Holdings makes up approx 0.05% of Panagora Asset Management Inc’s portfolio. Md Sass Investors Services Inc added LDOS to its portfolio by purchasing 985,089 company shares during the most recent quarter which is valued at $45,156,480. Leidos Holdings makes up approx 2.60% of Md Sass Investors Services Inc’s portfolio. Bailard sold out all of its stake in LDOS during the most recent quarter. The investment firm sold 45,837 shares of LDOS which is valued $2,063,582.Schroder Investment Management Group boosted its stake in LDOS in the latest quarter, The investment management firm added 425,481 additional shares and now holds a total of 1,138,681 shares of Leidos Holdings which is valued at $51,263,419. Leidos Holdings makes up approx 0.10% of Schroder Investment Management Group’s portfolio.Winton Group Ltd boosted its stake in LDOS in the latest quarter, The investment management firm added 121,161 additional shares and now holds a total of 215,690 shares of Leidos Holdings which is valued at $9,529,184. Leidos Holdings makes up approx 0.17% of Winton Group Ltd’s portfolio.

Leidos Holdings opened for trading at $47.63 and hit $48.74 on the upside on Monday, eventually ending the session at $48.36, with a gain of 1.70% or 0.81 points. The heightened volatility saw the trading volume jump to 20,65,373 shares. Company has a market cap of $7,272 M.

On the company’s financial health, Leidos Holdings reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.96. The company had revenue of $1868.00 million for the quarter, compared to analysts expectations of $1896.03 million. The company’s revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Leidos Holdings. Leidos Holdings was Upgraded by Credit Suisse to ” Outperform” on Nov 21, 2016. Leidos Holdings was Resumed by Citigroup to “Buy” on Sep 6, 2016.

Leave a Reply

Leidos Holdings - Is it time to Sell?

Top Brokerage Firms are advising their investors on Leidos Holdings. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.