Victory Capital Management Inc. Has $1,474,000 Position in Kratos Defense & Security Solutions, Inc. (KTOS)

Victory Capital Management Inc. held its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,180 shares of the aerospace company’s stock at the end of the 2nd quarter. Victory Capital Management Inc. owned about 0.14% of Kratos Defense & Security Solutions worth $1,474,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in 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 valued at $21,480,000 after acquiring an additional 534,190 shares during the period. State Street Corp raised its holdings in 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 valued at $16,414,000 after acquiring an additional 691,425 shares during the period. S Squared Technology LLC raised its holdings in 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 valued at $15,503,000 after acquiring an additional 40,701 shares during the period. AWM Investment Company Inc. raised its holdings in 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 valued at $11,203,000 after acquiring an additional 440,000 shares during the period. Finally, SG Capital Management LLC bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $15,458,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Eric M. Demarco purchased 8,905 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $11.19 per share, for a total transaction of $99,646.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 23.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Victory Capital Management Inc. Has $1,474,000 Position in Kratos Defense & Security Solutions, Inc. (KTOS)” was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2017/09/13/victory-capital-management-inc-has-1474000-position-in-kratos-defense-security-solutions-inc-ktos.html.

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

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $185.70 million for 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%. Kratos Defense & Security Solutions’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post $0.10 EPS for the current fiscal year.

A number of equities research analysts have issued reports on KTOS shares. BidaskClub raised shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. TheStreet raised shares of Kratos Defense & Security Solutions from a “d” rating to a “c-” rating in a report on Tuesday, May 30th. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, June 29th. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, July 19th. Finally, SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.78.

About Kratos Defense & Security Solutions

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.

Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS).

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

Receive News & Ratings for Kratos Defense & Security Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply