Kratos Defense & Security Solutions (KTOS) Shares Bought by American International Group Inc.

American International Group Inc. grew its stake in shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,684 shares of the aerospace company’s stock after purchasing an additional 9,639 shares during the period. American International Group Inc. owned about 0.06% of Kratos Defense & Security Solutions worth $611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Kratos Defense & Security Solutions by 22.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,995 shares of the aerospace company’s stock worth $712,000 after acquiring an additional 10,799 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Kratos Defense & Security Solutions by 13.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 413,579 shares of the aerospace company’s stock worth $4,380,000 after acquiring an additional 48,609 shares in the last quarter. State of Tennessee Treasury Department purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth about $2,703,000. State of Wisconsin Investment Board purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth about $2,943,000. Finally, Swiss National Bank lifted its stake in Kratos Defense & Security Solutions by 17.1% in the 3rd quarter. Swiss National Bank now owns 143,800 shares of the aerospace company’s stock worth $1,881,000 after acquiring an additional 21,000 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

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KTOS stock traded up $0.06 during mid-day trading on Monday, hitting $10.35. The stock had a trading volume of 2,194,403 shares, compared to its average volume of 2,230,555. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.49 and a quick ratio of 2.23. Kratos Defense & Security Solutions has a 1-year low of $7.37 and a 1-year high of $13.93. The firm has a market cap of $1,065.15, a P/E ratio of 258.75, a PEG ratio of 15.24 and a beta of 1.86.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, February 28th. The aerospace company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $202.20 million for the quarter, compared to analyst estimates of $194.99 million. Kratos Defense & Security Solutions had a positive return on equity of 0.73% and a negative net margin of 5.68%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) EPS. research analysts expect that Kratos Defense & Security Solutions will post 0.09 EPS for the current year.

KTOS has been the subject of several research analyst reports. BidaskClub downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research note on Saturday, March 3rd. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 21st. B. Riley reissued a “buy” rating and issued a $16.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Monday, December 18th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.40.

In related news, Director Scot B. Jarvis acquired 10,000 shares of the stock in a transaction dated Friday, March 16th. The shares were acquired at an average price of $10.03 per share, with a total value of $100,300.00. Following the acquisition, the director now owns 99,200 shares in the company, valued at approximately $994,976. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy Zegart acquired 3,205 shares of the stock in a transaction dated Tuesday, March 6th. The shares were bought at an average cost of $10.92 per share, for a total transaction of $34,998.60. Following the acquisition, the director now owns 26,100 shares in the company, valued at approximately $285,012. The disclosure for this purchase can be found here. In the last three months, insiders have bought 17,205 shares of company stock worth $173,099. 17.92% of the stock is currently owned by insiders.

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Kratos Defense & Security Solutions Company 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.

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

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