Southpoint Capital Advisors Lp adds Leidos Holdings (LDOS) to its portfolio

Leidos Holdings (LDOS) : Southpoint Capital Advisors Lp added new position in Leidos Holdings during the most recent quarter end. The investment management firm now holds 2,768,988 shares of Leidos Holdings which is valued at $131,250,031 , the company said in a statement filed on Nov 14, 2016 with the SEC.Leidos Holdings makes up approximately 5.91% of Southpoint Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Systematic Financial Management Lp boosted its stake in LDOS in the latest quarter, The investment management firm added 1,449,012 additional shares and now holds a total of 1,487,852 shares of Leidos Holdings which is valued at $70,524,185. Leidos Holdings makes up approx 1.00% of Systematic Financial Management Lp’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in LDOS in the latest quarter, The investment management firm added 91,500 additional shares and now holds a total of 152,950 shares of Leidos Holdings which is valued at $6,885,809. Leidos Holdings makes up approx 0.07% of Nn Investment Partners Holdings N.v.’s portfolio. Apg Asset Management N.v. added LDOS to its portfolio by purchasing 283,163 company shares during the most recent quarter which is valued at $11,722,948. Leidos Holdings makes up approx 0.02% of Apg Asset Management N.v.’s portfolio.First Citizens Bank Trust Co boosted its stake in LDOS in the latest quarter, The investment management firm added 133 additional shares and now holds a total of 7,808 shares of Leidos Holdings which is valued at $324,579. Leidos Holdings makes up approx 0.03% of First Citizens Bank Trust Co’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.

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