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


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Catalyst Capital Advisors LLC lowered its position in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $31,000. Marshall Wace LLP acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $35,000. Advisory Services Network LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 795.6% in the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after buying an additional 3,978 shares during the last quarter. NEXT Financial Group Inc acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $105,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $81,000. 81.60% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ KTOS traded up $0.02 during midday trading on Friday, hitting $19.15. 14,492 shares of the stock traded hands, compared to its average volume of 1,287,899. The company has a market cap of $2.03 billion, a PE ratio of 112.82, a P/E/G ratio of 11.41 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.33 and a current ratio of 2.73. Kratos Defense & Security Solutions, Inc has a one year low of $11.91 and a one year high of $25.08. The business has a 50 day moving average price of $20.78 and a two-hundred day moving average price of $19.28.

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

In related news, insider Steven S. Fendley sold 30,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $19.07, for a total transaction of $572,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amy Zegart sold 7,305 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $19.55, for a total value of $142,812.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 791,932 shares of company stock worth $15,305,451. 15.54% of the stock is owned by insiders.

KTOS has been the topic of a number of research analyst reports. Citigroup cut Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Canaccord Genuity set a $28.00 price target on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research note on Friday, August 16th. Noble Financial cut Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price target on the stock. in a research note on Wednesday, June 5th. Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $26.00 in a research note on Friday, August 16th. Finally, BidaskClub cut Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $23.67.

About Kratos Defense & Security Solutions

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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