Sowell Financial Services LLC Buys 846 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sowell Financial Services LLC raised its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 182.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,310 shares of the aerospace company’s stock after acquiring an additional 846 shares during the quarter. Sowell Financial Services LLC’s holdings in Kratos Defense & Security Solutions were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Benjamin F. Edwards & Company Inc. boosted its stake in Kratos Defense & Security Solutions by 3.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 10,860 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 374 shares during the last quarter. Fifth Third Bancorp boosted its stake in Kratos Defense & Security Solutions by 7.5% in the first quarter. Fifth Third Bancorp now owns 18,771 shares of the aerospace company’s stock valued at $512,000 after acquiring an additional 1,303 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Kratos Defense & Security Solutions by 0.9% in the fourth quarter. New York State Common Retirement Fund now owns 189,583 shares of the aerospace company’s stock valued at $5,200,000 after acquiring an additional 1,769 shares during the last quarter. InTrack Investment Management Inc boosted its stake in Kratos Defense & Security Solutions by 20.3% in the first quarter. InTrack Investment Management Inc now owns 10,560 shares of the aerospace company’s stock valued at $288,000 after acquiring an additional 1,785 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Kratos Defense & Security Solutions by 1.2% in the first quarter. Alliancebernstein L.P. now owns 163,800 shares of the aerospace company’s stock worth $4,468,000 after purchasing an additional 2,000 shares during the period. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP De Burgreen Maria Cervantes sold 12,268 shares of the stock in a transaction that occurred on Thursday, May 27th. The stock was sold at an average price of $25.13, for a total transaction of $308,294.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,050 shares of the stock in a transaction that occurred on Wednesday, April 21st. The shares were sold at an average price of $25.73, for a total value of $27,016.50. The disclosure for this sale can be found here. Insiders have sold 107,473 shares of company stock valued at $2,741,870 over the last ninety days. 1.83% of the stock is owned by insiders.

KTOS stock opened at $26.22 on Friday. The company has a quick ratio of 3.25, a current ratio of 3.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.25 billion, a PE ratio of 40.97 and a beta of 0.76. The stock’s 50-day moving average price is $26.24. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $14.40 and a fifty-two week high of $34.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 5th. The aerospace company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $189.55 million. Kratos Defense & Security Solutions had a return on equity of 2.42% and a net margin of 10.57%. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.17 earnings per share for the current fiscal year.

A number of analysts recently commented on KTOS shares. TheStreet upgraded shares of Kratos Defense & Security Solutions from a “c+” rating to a “b” rating in a research report on Friday, April 16th. Canaccord Genuity boosted their target price on Kratos Defense & Security Solutions from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, February 26th. Noble Financial raised Kratos Defense & Security Solutions from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Thursday, May 6th. Robert W. Baird reissued a “neutral” rating and issued a $29.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, February 25th. Finally, Alembic Global Advisors cut Kratos Defense & Security Solutions from an “overweight” rating to a “neutral” rating and set a $27.00 target price for the company. in a research note on Monday, March 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.30.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space, training and cybersecurity/ warfare, satellite communications, C5ISR/ modular systems, turbine technologies, 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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