Brevan Howard Capital Management LP Has $3.37 Million Position in Kratos Defense & Security Solutions, Inc. $KTOS

Brevan Howard Capital Management LP cut its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 32.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,876 shares of the aerospace company’s stock after selling 17,330 shares during the period. Brevan Howard Capital Management LP’s holdings in Kratos Defense & Security Solutions were worth $3,369,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. NewEdge Advisors LLC grew its holdings in Kratos Defense & Security Solutions by 15.2% in the 2nd quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company’s stock valued at $70,000 after buying an additional 200 shares during the last quarter. USA Financial Formulas lifted its holdings in shares of Kratos Defense & Security Solutions by 15.7% during the third quarter. USA Financial Formulas now owns 1,660 shares of the aerospace company’s stock worth $152,000 after buying an additional 225 shares during the last quarter. MRP Capital Investments LLC boosted its position in shares of Kratos Defense & Security Solutions by 11.1% in the second quarter. MRP Capital Investments LLC now owns 2,500 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 250 shares during the period. CI Investments Inc. boosted its position in shares of Kratos Defense & Security Solutions by 142.7% in the third quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 254 shares during the period. Finally, Accredited Wealth Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 269 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KTOS shares. Citizens Jmp upped their target price on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. JonesTrading began coverage on shares of Kratos Defense & Security Solutions in a research report on Monday, January 5th. They issued a “buy” rating on the stock. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, January 20th. BTIG Research upped their price objective on shares of Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, UBS Group assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 18th. They issued a “neutral” rating and a $79.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.28.

Kratos Defense & Security Solutions Stock Up 2.3%

Shares of KTOS opened at $89.53 on Tuesday. The company has a market capitalization of $16.72 billion, a P/E ratio of 688.75 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a one year low of $25.78 and a one year high of $134.00. The business’s 50 day simple moving average is $100.19 and its 200-day simple moving average is $86.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The company had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. As a group, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $76.57, for a total value of $535,990.00. Following the completion of the transaction, the insider directly owned 318,435 shares of the company’s stock, valued at approximately $24,382,567.95. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric M. Demarco sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $80.53, for a total transaction of $16,106,000.00. Following the transaction, the chief executive officer owned 796,237 shares in the company, valued at $64,120,965.61. The trade was a 20.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 550,763 shares of company stock valued at $48,771,342. Insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.