Stephens Investment Management Group LLC Purchases 312,446 Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

Stephens Investment Management Group LLC grew its position in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,034,541 shares of the aerospace company’s stock after purchasing an additional 312,446 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Kratos Defense & Security Solutions were worth $46,571,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $31,000. PNC Financial Services Group Inc. bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $31,000. Marshall Wace LLP bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $35,000. Advisory Services Network LLC increased its stake 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 in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $81,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

KTOS traded down $0.13 during mid-day trading on Thursday, reaching $18.01. 25,505 shares of the stock were exchanged, compared to its average volume of 1,465,745. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.73 and a quick ratio of 2.33. The stock has a market capitalization of $1.93 billion, a PE ratio of 105.47, a PEG ratio of 10.42 and a beta of 1.25. The business has a 50 day moving average of $22.64. Kratos Defense & Security Solutions, Inc has a 1 year low of $11.91 and a 1 year high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $187.90 million for the quarter, compared to the consensus estimate of $178.72 million. Kratos Defense & Security Solutions had a net margin of 1.99% and a return on equity of 4.63%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 EPS. On average, equities research analysts expect that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share for the current fiscal year.

A number of brokerages have commented on KTOS. JPMorgan Chase & Co. upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $24.00 in a research note on Friday, May 24th. Robert W. Baird restated an “outperform” rating and set a $25.00 price target (up previously from $19.00) on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. Noble Financial downgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price objective on the stock. in a report on Wednesday, June 5th. ValuEngine downgraded shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Goldman Sachs Group downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $22.00 to $24.00 in a report on Thursday, June 6th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $23.42.

In related news, VP Marie Mendoza sold 13,993 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $19.96, for a total value of $279,300.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven S. Fendley sold 30,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $19.07, for a total transaction of $572,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 777,212 shares of company stock worth $15,013,995 over the last ninety days. Insiders own 15.54% of the company’s stock.

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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