Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Shares Sold by Fmr LLC

FMR LLC lessened its stake in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 9.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,038,956 shares of the aerospace company’s stock after selling 832,153 shares during the period. FMR LLC owned about 7.59% of Kratos Defense & Security Solutions worth $125,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at approximately $31,000. PNC Financial Services Group Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $31,000. Marshall Wace LLP bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $35,000. Advisory Services Network LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 795.6% in the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 3,978 shares during the last quarter. Finally, AlphaCrest Capital Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $142,000. Institutional investors and hedge funds own 83.50% of the company’s stock.

A number of research firms recently commented on KTOS. Robert W. Baird began coverage on shares of ANCHIANO THERAP/S in a report on Tuesday, May 28th. They set an “outperform” rating and a $12.00 price target for the company. 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 research report on Wednesday, June 5th. JPMorgan Chase & Co. raised shares of from a “neutral” rating to an “overweight” rating in a research report on Friday, May 24th. Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $52.00 in a research report on Thursday, June 6th. Finally, BidaskClub raised shares of Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $22.42.

Kratos Defense & Security Solutions stock traded up $0.03 during mid-day trading on Thursday, reaching $23.67. The stock had a trading volume of 652,200 shares, compared to its average volume of 1,168,689. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 2.29. The firm has a market cap of $2.48 billion, a P/E ratio of 139.24, a price-to-earnings-growth ratio of 11.93 and a beta of 1.26. The company’s 50-day moving average price is $22.75. Kratos Defense & Security Solutions, Inc has a one year low of $11.91 and a one year high of $24.32.

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

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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