Convergence Investment Partners Lowers stake in Leidos Holdings (LDOS)

Leidos Holdings (LDOS) : Convergence Investment Partners reduced its stake in Leidos Holdings by 20.13% during the most recent quarter end. The investment management company now holds a total of 114,553 shares of Leidos Holdings which is valued at $5,717,340 after selling 28,868 shares in Leidos Holdings , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Leidos Holdings makes up approximately 0.75% of Convergence Investment Partners’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc reduced its stake in LDOS by selling 825 shares or 9.53% in the most recent quarter. The Hedge Fund company now holds 7,833 shares of LDOS which is valued at $390,945. Leidos Holdings makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.Fuller Thaler Asset Management boosted its stake in LDOS in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 3,125 shares of Leidos Holdings which is valued at $150,438.California Public Employees Retirement System reduced its stake in LDOS by selling 18,500 shares or 8.62% in the most recent quarter. The Hedge Fund company now holds 196,025 shares of LDOS which is valued at $9,479,769. Leidos Holdings makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Oakbrook Investments boosted its stake in LDOS in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 6,600 shares of Leidos Holdings which is valued at $332,640. Leidos Holdings makes up approx 0.02% of Oakbrook Investments’s portfolio.

Leidos Holdings opened for trading at $39.25 and hit $39.74 on the upside on Friday, eventually ending the session at $39.49, with a gain of 0.10% or 0.04 points. The heightened volatility saw the trading volume jump to 2,09,05,229 shares. Company has a market cap of $2,875 M.

On the company’s financial health, Leidos Holdings reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.73. The company had revenue of $1288.00 million for the quarter, compared to analysts expectations of $1285.44 million. The company’s revenue was up 2.5% compared to the same quarter last year.

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