Weber Alan W Lowers Stake in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

Weber Alan W cut its holdings in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 95.2% during the 1st quarter, Holdings Channel reports. The firm owned 3,281 shares of the aerospace company’s stock after selling 65,000 shares during the period. Weber Alan W’s holdings in Kratos Defense & Security Solutions were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of Kratos Defense & Security Solutions by 3.9% in the fourth quarter. LPL Financial LLC now owns 24,688 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 938 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Kratos Defense & Security Solutions by 16.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,395 shares of the aerospace company’s stock worth $209,000 after acquiring an additional 1,867 shares during the last quarter. Allred Capital Management LLC boosted its position in Kratos Defense & Security Solutions by 2.2% during the first quarter. Allred Capital Management LLC now owns 93,675 shares of the aerospace company’s stock worth $1,478,000 after acquiring an additional 2,000 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in Kratos Defense & Security Solutions during the first quarter worth approximately $31,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Kratos Defense & Security Solutions during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 83.56% of the company’s stock.

NASDAQ:KTOS traded down $0.29 during trading hours on Friday, reaching $21.69. 1,073,244 shares of the company were exchanged, compared to its average volume of 1,375,164. The company has a quick ratio of 2.29, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.30 billion, a P/E ratio of 127.59, a P/E/G ratio of 10.71 and a beta of 1.30. Kratos Defense & Security Solutions, Inc has a 52-week low of $11.05 and a 52-week high of $22.96.

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

A number of analysts recently issued reports on KTOS shares. BidaskClub lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. B. Riley raised their target price on shares of Kratos Defense & Security Solutions to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Canaccord Genuity raised their target price on shares of Kratos Defense & Security Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, Citigroup lowered shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kratos Defense & Security Solutions presently has an average rating of “Buy” and a consensus target price of $21.42.

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About Kratos Defense & Security Solutions

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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