Catalyst Capital Advisors LLC Decreases Holdings in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)


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Catalyst Capital Advisors LLC decreased its stake in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,000 shares of the aerospace company’s stock after selling 12,500 shares during the quarter. Catalyst Capital Advisors LLC owned 0.08% of Kratos Defense & Security Solutions worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Stephens Investment Management Group LLC grew its stake in Kratos Defense & Security Solutions by 70.5% in the first quarter. Stephens Investment Management Group LLC now owns 1,722,095 shares of the aerospace company’s stock valued at $26,916,000 after purchasing an additional 711,865 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $11,099,000. Impala Asset Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 64.8% during the 1st quarter. Impala Asset Management LLC now owns 1,592,928 shares of the aerospace company’s stock worth $24,897,000 after acquiring an additional 626,233 shares during the period. Columbus Circle Investors bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $6,482,000. Finally, Hardman Johnston Global Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 37.0% during the 1st quarter. Hardman Johnston Global Advisors LLC now owns 883,840 shares of the aerospace company’s stock worth $13,814,000 after acquiring an additional 238,900 shares during the period. 84.21% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Thomas E. Iv Mills sold 6,467 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.11, for a total value of $123,584.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David M. Carter sold 14,720 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $19.80, for a total value of $291,456.00. The disclosure for this sale can be found here. Insiders sold 791,932 shares of company stock valued at $15,305,451 over the last ninety days. Corporate insiders own 15.54% of the company’s stock.

KTOS stock opened at $20.44 on Friday. The business has a 50 day moving average of $20.10 and a 200-day moving average of $19.34. Kratos Defense & Security Solutions, Inc has a 12-month low of $11.91 and a 12-month high of $25.08. The firm has a market cap of $2.08 billion, a PE ratio of 75.23, a P/E/G ratio of 11.34 and a beta of 1.33. The company has a quick ratio of 2.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The business had revenue of $187.90 million during the quarter, compared to analyst estimates of $178.72 million. During the same period in the prior year, the company earned $0.02 earnings per share. Kratos Defense & Security Solutions’s revenue was up 24.3% compared to the same quarter last year. On average, research analysts expect that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share for the current year.

KTOS has been the subject of several research reports. BidaskClub cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, July 3rd. ValuEngine lowered Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and upped their target price for the company from $18.00 to $24.00 in a research report on Friday, May 24th. Finally, Canaccord Genuity set a $28.00 target price on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.67.

Kratos Defense & Security Solutions 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.

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

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