Kennedy Capital Management LLC Sells 644 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Kennedy Capital Management LLC cut its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,796 shares of the aerospace company’s stock after selling 644 shares during the period. Kennedy Capital Management LLC owned about 0.06% of Kratos Defense & Security Solutions worth $1,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates increased its position in Kratos Defense & Security Solutions by 54.6% during the 4th quarter. Raymond James & Associates now owns 188,105 shares of the aerospace company’s stock valued at $3,817,000 after purchasing an additional 66,442 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Kratos Defense & Security Solutions by 4.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 120,165 shares of the aerospace company’s stock worth $2,438,000 after buying an additional 5,658 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at $1,628,000. Arkadios Wealth Advisors lifted its stake in shares of Kratos Defense & Security Solutions by 1.3% during the 4th quarter. Arkadios Wealth Advisors now owns 57,081 shares of the aerospace company’s stock worth $1,158,000 after purchasing an additional 743 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Kratos Defense & Security Solutions by 6.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,415 shares of the aerospace company’s stock valued at $1,206,000 after purchasing an additional 3,685 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KTOS. Jefferies Financial Group cut their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. BTIG Research started coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $20.00 to $27.00 in a research note on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, June 28th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Insiders Place Their Bets

In related news, insider Jonah Adelman sold 90,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $21.58, for a total value of $1,942,200.00. Following the completion of the transaction, the insider now directly owns 44,348 shares in the company, valued at approximately $957,029.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 90,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $21.58, for a total transaction of $1,942,200.00. Following the transaction, the insider now owns 44,348 shares in the company, valued at $957,029.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now directly owns 310,001 shares of the company’s stock, valued at $6,200,020. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,220 shares of company stock worth $3,762,016. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $22.54 on Thursday. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $21.00 and a two-hundred day simple moving average of $19.34. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.98 and a 12 month high of $22.96. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 86.11 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. The company had revenue of $277.20 million for the quarter, compared to the consensus estimate of $250.48 million. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.