Eisler Capital Management Ltd. Takes Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Eisler Capital Management Ltd. bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 31,500 shares of the aerospace company’s stock, valued at approximately $831,000.

A number of other hedge funds have also added to or reduced their stakes in KTOS. Jones Financial Companies Lllp boosted its position in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares during the period. Hemington Wealth Management boosted its holdings in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares during the period. Capital Advisors Ltd. LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $53,000. SBI Securities Co. Ltd. bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth $55,000. Finally, MRP Capital Investments LLC raised its position in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling

In related news, CEO Eric M. Demarco acquired 9,500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the acquisition, the chief executive officer now owns 1,267,482 shares of the company’s stock, valued at $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $33.91, for a total transaction of $203,460.00. Following the transaction, the chief financial officer now owns 325,427 shares in the company, valued at $11,035,229.57. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,168 shares of company stock valued at $2,537,940 over the last ninety days. 2.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Benchmark upped their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Finally, StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $33.61 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock’s 50 day simple moving average is $31.77 and its 200 day simple moving average is $29.26. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 336.13 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $36.85.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.