Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Shares Purchased by 1492 Capital Management LLC

1492 Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,624 shares of the aerospace company’s stock after acquiring an additional 25,313 shares during the period. Kratos Defense & Security Solutions accounts for approximately 3.0% of 1492 Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. 1492 Capital Management LLC owned approximately 0.15% of Kratos Defense & Security Solutions worth $3,043,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KTOS. State Board of Administration of Florida Retirement System grew its stake in shares of Kratos Defense & Security Solutions by 1.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 51,014 shares of the aerospace company’s stock valued at $1,168,000 after buying an additional 760 shares during the period. US Bancorp DE grew its stake in shares of Kratos Defense & Security Solutions by 30.6% in the 2nd quarter. US Bancorp DE now owns 3,739 shares of the aerospace company’s stock valued at $85,000 after buying an additional 877 shares during the period. Usca Ria LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $28,000. Advisory Services Network LLC grew its stake in shares of Kratos Defense & Security Solutions by 36.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,102 shares of the aerospace company’s stock valued at $140,000 after buying an additional 1,624 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

In related news, insider David M. Carter sold 14,720 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $19.80, for a total value of $291,456.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 7,803 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $19.30, for a total transaction of $150,597.90. The disclosure for this sale can be found here. Insiders sold 386,004 shares of company stock valued at $7,548,833 over the last quarter. 15.54% of the stock is owned by company insiders.

KTOS has been the subject of several research reports. Robert W. Baird set a $25.00 target price on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research note on Monday, September 23rd. Noble Financial upgraded Kratos Defense & Security Solutions from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Wednesday, October 2nd. Canaccord Genuity set a $28.00 target price on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research note on Friday, October 11th. BidaskClub upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $24.00 to $26.00 in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $23.75.

KTOS stock opened at $19.78 on Friday. Kratos Defense & Security Solutions, Inc has a 52-week low of $12.31 and a 52-week high of $25.08. The business has a 50-day simple moving average of $18.90 and a two-hundred day simple moving average of $20.26. The company has a market capitalization of $1.90 billion, a P/E ratio of 116.35, a price-to-earnings-growth ratio of 10.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.33 and a current ratio of 2.73.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Tuesday, November 5th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Kratos Defense & Security Solutions had a net margin of 2.04% and a return on equity of 4.59%. The company had revenue of $184.10 million during the quarter, compared to analyst estimates of $184.32 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share 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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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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