Tourbillon Capital Partners adds Leidos Holdings (LDOS) to its portfolio

Leidos Holdings (LDOS) : Tourbillon Capital Partners added new position in Leidos Holdings during the most recent quarter end. The investment management firm now holds 2,775,000 shares of Leidos Holdings which is valued at $131,535,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.Leidos Holdings makes up approximately 4.27% of Tourbillon Capital Partners’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp reduced its stake in LDOS by selling 197,531 shares or 56.58% in the most recent quarter. The Hedge Fund company now holds 151,586 shares of LDOS which is valued at $7,185,176. Leidos Holdings makes up approx 0.03% of Two Sigma Advisers Lp’s portfolio.Harbour Capital Advisors boosted its stake in LDOS in the latest quarter, The investment management firm added 3,675 additional shares and now holds a total of 9,490 shares of Leidos Holdings which is valued at $435,022. Leidos Holdings makes up approx 0.27% of Harbour Capital Advisors’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in LDOS by selling 16,217 shares or 14.82% in the most recent quarter. The Hedge Fund company now holds 93,194 shares of LDOS which is valued at $4,195,594. Leidos Holdings makes up approx 0.03% of Los Angeles Capital Management Equity Research Inc’s portfolio. Acadian Asset Management sold out all of its stake in LDOS during the most recent quarter. The investment firm sold 1,288,923 shares of LDOS which is valued $53,812,535. Farmers Merchants Investments Inc added LDOS to its portfolio by purchasing 540 company shares during the most recent quarter which is valued at $22,518.

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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