Federated Investors Inc. PA Sells 6,302 Shares of Kratos Defense & Security Solutions, Inc. (KTOS)

Federated Investors Inc. PA trimmed its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,039 shares of the aerospace company’s stock after selling 6,302 shares during the period. Federated Investors Inc. PA owned about 0.15% of Kratos Defense & Security Solutions worth $1,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Kratos Defense & Security Solutions by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 2,760,941 shares of the aerospace company’s stock worth $21,480,000 after purchasing an additional 534,190 shares in the last quarter. State Street Corp increased its stake in shares of Kratos Defense & Security Solutions by 48.7% during the 1st quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after purchasing an additional 691,425 shares in the last quarter. S Squared Technology LLC increased its stake in shares of Kratos Defense & Security Solutions by 2.1% during the 1st quarter. S Squared Technology LLC now owns 1,992,639 shares of the aerospace company’s stock worth $15,503,000 after purchasing an additional 40,701 shares in the last quarter. AWM Investment Company Inc. increased its stake in shares of Kratos Defense & Security Solutions by 44.0% during the 1st quarter. AWM Investment Company Inc. now owns 1,440,000 shares of the aerospace company’s stock worth $11,203,000 after purchasing an additional 440,000 shares in the last quarter. Finally, SG Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $15,458,000. 73.32% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Eric M. Demarco purchased 8,905 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $11.19 per share, for a total transaction of $99,646.95. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 23.20% of the stock is currently owned by corporate insiders.

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A number of research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $16.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.00 target price (up from $10.00) on shares of Kratos Defense & Security Solutions in a research note on Friday, May 19th. Drexel Hamilton assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, August 15th. They issued a “buy” rating and a $14.00 target price for the company. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Kratos Defense & Security Solutions has a consensus rating of “Buy” and a consensus target price of $12.78.

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ KTOS) opened at 11.93 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $5.23 and a 1-year high of $13.93. The firm has a 50-day moving average of $12.28 and a 200 day moving average of $10.18. The stock’s market capitalization is $1.04 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $185.70 million during the quarter, compared to the consensus estimate of $172.78 million. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. On average, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post $0.10 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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