Goldman Sachs Group Inc. Has $1.32 Million Holdings in Kratos Defense & Security Solutions, Inc. (KTOS)

Goldman Sachs Group Inc. grew its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 366.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,764 shares of the aerospace company’s stock after buying an additional 86,995 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.13% of Kratos Defense & Security Solutions worth $1,315,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KTOS. HighTower Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 0.8% during the second quarter. HighTower Advisors LLC now owns 254,311 shares of the aerospace company’s stock worth $3,022,000 after purchasing an additional 2,137 shares during the period. Stifel Financial Corp acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $380,000. Bayesian Capital Management LP acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $254,000. Numeric Investors LLC acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $1,636,000. Finally, Voya Investment Management LLC increased its position in shares of Kratos Defense & Security Solutions by 25.5% during the 2nd quarter. Voya Investment Management LLC now owns 32,316 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 6,567 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

Shares of Kratos Defense & Security Solutions, Inc. (KTOS) opened at $10.61 on Monday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $6.21 and a 52-week high of $13.93. The company has a quick ratio of 2.54, a current ratio of 2.86 and a debt-to-equity ratio of 0.70.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $196.20 million during the quarter, compared to analyst estimates of $186.27 million. Kratos Defense & Security Solutions had a negative return on equity of 1.21% and a negative net margin of 3.39%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post -0.01 EPS for the current fiscal year.

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Several research analysts have recently commented on the company. Jefferies Group LLC lifted their target price on Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and issued a $15.00 price target on shares of Kratos Defense & Security Solutions in a research note on Wednesday, November 1st. B. Riley set a $16.00 price target on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $12.00 price target on shares of Kratos Defense & Security Solutions in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $13.25.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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