Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Boosts Position in Leidos Holdings Inc. (LDOS)

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Boosts Position in Leidos Holdings Inc. (LDOS)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Leidos Holdings Inc. (NYSE:LDOS) by 306.1% during the third quarter, Holdings Channel reports. The firm owned 68,225 shares of the company’s stock after buying an additional 51,425 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.09% of Leidos Holdings worth $2,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. PineBridge Investments L.P. acquired a new stake in shares of Leidos Holdings during the second quarter worth about $105,000. Advisor Group Inc. acquired a new stake in shares of Leidos Holdings during the second quarter worth about $125,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Leidos Holdings during the second quarter worth about $134,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Leidos Holdings by 54.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,125 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Leidos Holdings by 71.4% in the second quarter. LS Investment Advisors LLC now owns 3,899 shares of the company’s stock worth $187,000 after buying an additional 1,624 shares during the last quarter. 60.85% of the stock is currently owned by institutional investors.

Shares of Leidos Holdings Inc. (NYSE:LDOS) opened at 49.98 on Friday. The company has a 50-day moving average price of $44.09 and a 200 day moving average price of $45.81. Leidos Holdings Inc. has a one year low of $37.79 and a one year high of $59.52. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 12.99 and a beta of 1.55.

Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.29. The firm earned $1.87 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Leidos Holdings had a net margin of 5.36% and a return on equity of 18.93%. Leidos Holdings’s revenue for the quarter was up 43.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. On average, analysts forecast that Leidos Holdings Inc. will post $3.56 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Argus assumed coverage on Leidos Holdings in a research report on Wednesday, September 7th. They set a “buy” rating and a $54.00 target price on the stock. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, September 6th. Jefferies Group reaffirmed a “hold” rating and set a $44.00 target price on shares of Leidos Holdings in a research report on Tuesday, November 8th. Finally, Credit Suisse Group AG raised Leidos Holdings from a “neutral” rating to an “outperform” rating and set a $57.00 target price on the stock in a research report on Monday, November 21st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.50.

In other Leidos Holdings news, Director Surya N. Mohapatra acquired 3,575 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average cost of $41.48 per share, for a total transaction of $148,291.00. Following the completion of the acquisition, the director now owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Surya N. Mohapatra acquired 3,276 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was acquired at an average price of $46.27 per share, with a total value of $151,580.52. Following the completion of the acquisition, the director now directly owns 9,419 shares of the company’s stock, valued at approximately $435,817.13. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.

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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