Traders Purchase High Volume of Call Options on Leidos (LDOS)

Leidos Holdings, Inc. (NYSE:LDOS) was the target of unusually large options trading on Monday. Investors purchased 12,066 call options on the stock. This represents an increase of 1,118% compared to the average daily volume of 991 call options.

Several analysts recently issued reports on the company. Citigroup increased their price objective on Leidos from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research lowered Leidos from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cowen reiterated a “buy” rating and set a $68.00 price objective on shares of Leidos in a report on Thursday, November 2nd. ValuEngine upgraded Leidos from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, BidaskClub lowered Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.33.

Leidos (NYSE:LDOS) traded up $1.11 during midday trading on Wednesday, reaching $65.73. The company’s stock had a trading volume of 585,323 shares, compared to its average volume of 830,695. Leidos has a one year low of $49.84 and a one year high of $68.25. The company has a current ratio of 1.27, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $9,733.52, a price-to-earnings ratio of 32.38, a P/E/G ratio of 1.61 and a beta of 1.63.

In related news, Director John P. Jumper sold 61,212 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.06, for a total transaction of $3,921,240.72. Following the completion of the sale, the director now directly owns 306,709 shares in the company, valued at $19,647,778.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of LDOS. Royal Bank of Canada raised its holdings in Leidos by 183.6% during the second quarter. Royal Bank of Canada now owns 51,411 shares of the aerospace company’s stock valued at $2,657,000 after buying an additional 33,284 shares in the last quarter. Janus Henderson Group PLC bought a new position in Leidos during the second quarter valued at about $16,934,000. State Street Corp raised its holdings in Leidos by 20.5% during the second quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock valued at $235,717,000 after buying an additional 776,462 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Leidos by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 211,864 shares of the aerospace company’s stock valued at $10,951,000 after buying an additional 5,363 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in Leidos by 1.5% during the second quarter. California State Teachers Retirement System now owns 270,249 shares of the aerospace company’s stock valued at $13,969,000 after buying an additional 4,052 shares in the last quarter. Institutional investors own 73.12% of the company’s stock.

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About Leidos

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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