Emerald Mutual Fund Advisers Trust Sells 1,774 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Emerald Mutual Fund Advisers Trust trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,431,284 shares of the aerospace company’s stock after selling 1,774 shares during the quarter. Kratos Defense & Security Solutions makes up 1.5% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 17th biggest position. Emerald Mutual Fund Advisers Trust’s holdings in Kratos Defense & Security Solutions were worth $28,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC raised its stake in shares of Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after buying an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $30,000. PNC Financial Services Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth $33,000. Finally, EntryPoint Capital LLC grew its stake in shares of Kratos Defense & Security Solutions by 179.1% during the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 1,506 shares during the period. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the sale, the chief financial officer now directly owns 298,016 shares in the company, valued at approximately $5,960,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the sale, the chief financial officer now owns 298,016 shares of the company’s stock, valued at approximately $5,960,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total transaction of $27,194.85. Following the transaction, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,355 shares of company stock worth $1,545,240. 2.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KTOS. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, June 28th. JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Royal Bank of Canada raised their price objective on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, BTIG Research began coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $21.09 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 68.53 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a one year low of $13.98 and a one year high of $23.23. The stock’s 50-day moving average is $21.31 and its 200-day moving average is $19.89.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. During the same quarter in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

About Kratos Defense & Security Solutions

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.