Kratos Defense & Security Solutions, Inc (KTOS) Stake Boosted by SG Capital Management LLC

SG Capital Management LLC grew its position in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 976,330 shares of the aerospace company’s stock after acquiring an additional 79,664 shares during the period. Kratos Defense & Security Solutions comprises 3.5% of SG Capital Management LLC’s portfolio, making the stock its 7th largest position. SG Capital Management LLC owned 0.94% of Kratos Defense & Security Solutions worth $14,430,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KTOS. FMR LLC raised its stake in Kratos Defense & Security Solutions by 743.9% in the second quarter. FMR LLC now owns 6,045,983 shares of the aerospace company’s stock worth $69,589,000 after buying an additional 5,329,583 shares in the last quarter. Allianz Asset Management GmbH bought a new position in Kratos Defense & Security Solutions in the first quarter worth about $8,908,000. Millennium Management LLC raised its stake in Kratos Defense & Security Solutions by 32.9% in the first quarter. Millennium Management LLC now owns 3,346,262 shares of the aerospace company’s stock worth $34,433,000 after buying an additional 827,752 shares in the last quarter. Hardman Johnston Global Advisors LLC bought a new position in Kratos Defense & Security Solutions in the third quarter worth about $6,259,000. Finally, Polar Asset Management Partners Inc. bought a new position in Kratos Defense & Security Solutions in the first quarter worth about $3,748,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on KTOS shares. BidaskClub raised shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Canaccord Genuity reissued a “buy” rating and issued a $15.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 10th. Noble Financial reissued a “buy” rating and issued a $20.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, August 3rd. Finally, ValuEngine downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Kratos Defense & Security Solutions presently has an average rating of “Buy” and a consensus price target of $14.25.

KTOS traded up $0.06 during midday trading on Friday, reaching $13.55. The company’s stock had a trading volume of 43,244 shares, compared to its average volume of 1,170,958. The stock has a market cap of $1.43 billion, a PE ratio of 338.75, a price-to-earnings-growth ratio of 15.94 and a beta of 2.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.59 and a current ratio of 2.89. Kratos Defense & Security Solutions, Inc has a 1 year low of $8.90 and a 1 year high of $14.94.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. The business had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $147.00 million. Kratos Defense & Security Solutions had a negative net margin of 5.26% and a positive return on equity of 2.54%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. Equities research analysts predict that Kratos Defense & Security Solutions, Inc will post 0.12 EPS for the current year.

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 73,372 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $13.19, for a total value of $967,776.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bandel L. Carano acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was acquired at an average price of $12.70 per share, for a total transaction of $127,000.00. The disclosure for this purchase can be found here. 15.60% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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