87,000 Shares in Kratos Defense & Security Solutions (NASDAQ:KTOS) Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS bought a new position in shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 87,000 shares of the aerospace company’s stock, valued at approximately $895,000. Kornitzer Capital Management Inc. KS owned 0.08% of Kratos Defense & Security Solutions as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in Kratos Defense & Security Solutions by 27.5% during the 3rd quarter. Wells Fargo & Company MN now owns 77,063 shares of the aerospace company’s stock worth $1,008,000 after purchasing an additional 16,618 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Kratos Defense & Security Solutions by 5.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 364,970 shares of the aerospace company’s stock worth $4,774,000 after acquiring an additional 18,944 shares during the last quarter. Peregrine Capital Management LLC grew its holdings in Kratos Defense & Security Solutions by 10.6% during the 4th quarter. Peregrine Capital Management LLC now owns 1,653,358 shares of the aerospace company’s stock worth $17,509,000 after acquiring an additional 158,991 shares during the last quarter. FNY Partners Fund LP bought a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $487,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $1,240,000. 78.01% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 21st. Seaport Global Securities restated a “buy” rating and set a $14.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, March 8th. Finally, Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a report on Saturday, March 3rd. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $13.50.

In related news, insider Phillip D. Carrai purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were acquired at an average price of $9.45 per share, for a total transaction of $37,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy Zegart purchased 3,205 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average price of $10.92 per share, for a total transaction of $34,998.60. Following the acquisition, the director now owns 26,100 shares of the company’s stock, valued at $285,012. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 33,565 shares of company stock worth $357,391. 17.92% of the stock is owned by insiders.

Shares of Kratos Defense & Security Solutions traded up $0.11, reaching $11.04, during trading hours on Thursday, Marketbeat reports. The stock had a trading volume of 28,834 shares, compared to its average volume of 1,999,780. The firm has a market capitalization of $1.16 billion, a P/E ratio of 275.50, a price-to-earnings-growth ratio of 12.75 and a beta of 1.87. The company has a current ratio of 2.61, a quick ratio of 2.34 and a debt-to-equity ratio of 0.57. Kratos Defense & Security Solutions has a 12 month low of $10.71 and a 12 month high of $11.25.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, May 10th. The aerospace company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. Kratos Defense & Security Solutions had a negative net margin of 4.80% and a positive return on equity of 2.21%. The firm had revenue of $143.00 million for the quarter, compared to the consensus estimate of $145.26 million. During the same period last year, the firm posted ($0.01) earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. sell-side analysts predict that Kratos Defense & Security Solutions will post 0.12 EPS for the current year.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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