Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Shares Sold by Catalyst Capital Advisors LLC – TechNewsObserver


Catalyst Capital Advisors LLC reduced its stake in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 12.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,000 shares of the aerospace company’s stock after selling 12,500 shares during the period. Catalyst Capital Advisors LLC owned 0.08% of Kratos Defense & Security Solutions worth $2,060,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KTOS. Stephens Investment Management Group LLC boosted its stake in Kratos Defense & Security Solutions by 70.5% in the first quarter. Stephens Investment Management Group LLC now owns 1,722,095 shares of the aerospace company’s stock valued at $26,916,000 after acquiring an additional 711,865 shares during the period. Victory Capital Management Inc. acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at approximately $11,099,000. Impala Asset Management LLC boosted its stake in Kratos Defense & Security Solutions by 64.8% in the first quarter. Impala Asset Management LLC now owns 1,592,928 shares of the aerospace company’s stock valued at $24,897,000 after acquiring an additional 626,233 shares during the period. Columbus Circle Investors acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $6,482,000. Finally, Hardman Johnston Global Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 37.0% during the first quarter. Hardman Johnston Global Advisors LLC now owns 883,840 shares of the aerospace company’s stock worth $13,814,000 after buying an additional 238,900 shares during the period. Institutional investors own 81.60% of the company’s stock.

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Several brokerages have recently issued reports on KTOS. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $24.00 in a research report on Friday, May 24th. BidaskClub downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Noble Financial downgraded Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price objective for the company. in a research report on Wednesday, June 5th. Robert W. Baird reiterated an “outperform” rating and set a $25.00 price objective (up from $19.00) on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. Finally, Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Kratos Defense & Security Solutions has a consensus rating of “Buy” and an average price target of $23.67.

Shares of NASDAQ KTOS opened at $19.94 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.33 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $21.37 and a 200-day simple moving average of $19.18. The company has a market cap of $2.06 billion, a PE ratio of 117.29, a P/E/G ratio of 11.25 and a beta of 1.25. Kratos Defense & Security Solutions, Inc has a 12-month low of $11.91 and a 12-month high of $25.08.

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Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $187.90 million during the quarter, compared to the consensus estimate of $178.72 million. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share for the current fiscal year.

In other Kratos Defense & Security Solutions news, VP Marie Mendoza sold 13,993 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $19.96, for a total value of $279,300.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas E. Iv Mills sold 6,467 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $19.11, for a total value of $123,584.37. The disclosure for this sale can be found here. Insiders sold 777,212 shares of company stock valued at $15,013,995 over the last 90 days. 15.54% of the stock is currently owned by insiders.

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Kratos Defense & Security Solutions 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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