Lecap Asset Management Ltd. Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Lecap Asset Management Ltd. acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,848 shares of the aerospace company’s stock, valued at approximately $3,724,000. Leidos makes up 1.0% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors have also modified their holdings of LDOS. Rakuten Securities Inc. increased its stake in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Leidos in the 3rd quarter valued at $29,000. Berbice Capital Management LLC purchased a new position in shares of Leidos in the 4th quarter valued at $29,000. Northwest Investment Counselors LLC acquired a new stake in Leidos during the 3rd quarter worth $30,000. Finally, Mather Group LLC. lifted its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Leidos

In related news, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

Leidos Price Performance

Shares of LDOS opened at $140.62 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average is $150.67 and its two-hundred day moving average is $157.90. Leidos Holdings, Inc. has a twelve month low of $111.95 and a twelve month high of $202.90. The firm has a market capitalization of $18.76 billion, a PE ratio of 16.02, a P/E/G ratio of 0.93 and a beta of 0.66.

Wall Street Analyst Weigh In

LDOS has been the topic of several research reports. UBS Group began coverage on Leidos in a report on Monday, December 2nd. They set a “neutral” rating and a $182.00 price objective on the stock. Citigroup lifted their price target on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald initiated coverage on Leidos in a research note on Friday. They issued an “overweight” rating and a $185.00 price objective for the company. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and reduced their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.