Stock Traders Buy Large Volume of Kratos Defense & Security Solutions Put Options (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) saw some unusual options trading on Thursday. Stock traders bought 1,139 put options on the stock. This is an increase of approximately 945% compared to the typical volume of 109 put options.

KTOS has been the subject of several recent analyst reports. Noble Financial downgraded Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price objective for the company. in a report on Wednesday, June 5th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. raised from a “neutral” rating to an “overweight” rating in a report on Friday, May 24th. Goldman Sachs Group raised Exelon from a “neutral” rating to a “buy” rating and increased their price objective for the company from $48.00 to $52.00 in a report on Thursday, June 6th. Finally, Citigroup cut their price objective on Tremont Mortgage Trust from $9.50 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, June 5th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $23.42.

Institutional investors have recently made changes to their positions in the business. Prime Capital Investment Advisors LLC acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $31,000. PNC Financial Services Group Inc. acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $31,000. Marshall Wace LLP acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $35,000. Advisory Services Network LLC lifted its holdings in Kratos Defense & Security Solutions by 795.6% during the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 3,978 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $81,000. 83.38% of the stock is owned by institutional investors and hedge funds.

NASDAQ KTOS opened at $24.48 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of 144.00, a PEG ratio of 11.74 and a beta of 1.26. The company has a current ratio of 2.65, a quick ratio of 2.29 and a debt-to-equity ratio of 0.59. Kratos Defense & Security Solutions has a 12 month low of $11.91 and a 12 month high of $24.99. The firm has a 50 day moving average of $23.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. Kratos Defense & Security Solutions had a return on equity of 4.22% and a net margin of 0.28%. The business had revenue of $160.40 million during the quarter, compared to the consensus estimate of $153.24 million. During the same quarter last year, the firm posted $0.05 EPS. As a group, equities analysts predict that Kratos Defense & Security Solutions will post 0.27 EPS for the current fiscal year.

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 two segments, Kratos Government Solutions and Unmanned Systems. 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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