Stephens Investment Management Group LLC Purchases 312,446 Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

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Stephens Investment Management Group LLC grew its position in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 18.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,034,541 shares of the aerospace company’s stock after acquiring an additional 312,446 shares during the quarter. Stephens Investment Management Group LLC owned 1.92% of Kratos Defense & Security Solutions worth $46,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its holdings in Kratos Defense & Security Solutions by 36.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,102 shares of the aerospace company’s stock valued at $140,000 after purchasing an additional 1,624 shares in the last quarter. ELCO Management Co. LLC bought a new stake in Kratos Defense & Security Solutions in the second quarter valued at approximately $1,072,000. Advisor Group Inc. increased its stake in Kratos Defense & Security Solutions by 25.4% in the second quarter. Advisor Group Inc. now owns 14,970 shares of the aerospace company’s stock valued at $343,000 after purchasing an additional 3,033 shares in the last quarter. Aperio Group LLC bought a new stake in Kratos Defense & Security Solutions in the second quarter valued at approximately $122,000. Finally, ARK Investment Management LLC increased its stake in Kratos Defense & Security Solutions by 13.9% in the second quarter. ARK Investment Management LLC now owns 136,624 shares of the aerospace company’s stock valued at $3,127,000 after purchasing an additional 16,672 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Steven S. Fendley sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $19.07, for a total transaction of $572,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Benjamin M. Goodwin sold 18,700 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $20.12, for a total transaction of $376,244.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 777,212 shares of company stock worth $15,013,995. 15.54% of the stock is owned by insiders.

Several equities research analysts have commented on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $25.00 target price (up previously from $19.00) on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. Citigroup cut shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 5th. They noted that the move was a valuation call. Noble Financial cut shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price target for the company. in a report on Wednesday, June 5th. Canaccord Genuity upped their price target on shares of Kratos Defense & Security Solutions from $20.00 to $28.00 and gave the company a “buy” rating in a report on Friday, July 26th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and upped their price target for the company from $18.00 to $24.00 in a report on Friday, May 24th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $23.42.

KTOS stock traded down $0.13 during trading hours on Thursday, reaching $18.01. The stock had a trading volume of 25,505 shares, compared to its average volume of 1,465,745. The company has a market capitalization of $1.93 billion, a PE ratio of 105.47, a PEG ratio of 10.42 and a beta of 1.25. The company has a quick ratio of 2.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average is $22.64. Kratos Defense & Security Solutions, Inc has a fifty-two week low of $11.91 and a fifty-two week high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.99% and a return on equity of 4.63%. The company had revenue of $187.90 million for the quarter, compared to analyst estimates of $178.72 million. During the same period in the prior year, the firm earned $0.02 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis. As a group, sell-side analysts predict that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share for the current fiscal 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.

See Also: Cost of Goods Sold (COGS)

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

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