Calamos Advisors LLC Acquires Shares of 43,244 Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) – TechNewsObserver


Calamos Advisors LLC acquired a new stake in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,244 shares of the aerospace company’s stock, valued at approximately $990,000.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at about $31,000. Marshall Wace LLP bought a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at about $35,000. Advisory Services Network LLC lifted its position in shares of Kratos Defense & Security Solutions by 795.6% during the first 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. NEXT Financial Group Inc bought a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at about $105,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at about $81,000. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on KTOS shares. 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. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, July 3rd. Noble Financial lowered 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 research report on Wednesday, June 5th. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $24.00 in a research report on Friday, May 24th. Finally, Canaccord Genuity set a $28.00 price objective on shares of Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.67.

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Shares of KTOS stock opened at $19.78 on Thursday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 74.27, a P/E/G ratio of 11.19 and a beta of 1.25. 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, Inc has a 52 week low of $11.91 and a 52 week high of $25.08. The firm’s 50-day simple moving average is $21.46 and its two-hundred day simple moving average is $19.17.

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

In other news, insider Steven S. Fendley sold 30,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $19.07, for a total value of $572,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas E. Iv Mills sold 6,467 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $19.11, for a total transaction of $123,584.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 777,212 shares of company stock worth $15,013,995. Insiders own 15.54% of the company’s stock.

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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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