SG Americas Securities LLC Has $794,000 Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

SG Americas Securities LLC lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,787 shares of the aerospace company’s stock after selling 9,270 shares during the quarter. SG Americas Securities LLC’s holdings in Kratos Defense & Security Solutions were worth $794,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Point72 Hong Kong Ltd lifted its stake in shares of Kratos Defense & Security Solutions by 428.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 1,310 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,062 shares during the period. FourThought Financial LLC lifted its stake in Kratos Defense & Security Solutions by 103.9% in the first quarter. FourThought Financial LLC now owns 3,108 shares of the aerospace company’s stock valued at $64,000 after buying an additional 1,584 shares during the period. Gamco Investors INC. ET AL acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $194,000. Janney Montgomery Scott LLC lifted its stake in Kratos Defense & Security Solutions by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,806 shares of the aerospace company’s stock valued at $210,000 after buying an additional 602 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $223,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Buying and Selling

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $14.57, for a total transaction of $101,990.00. Following the completion of the transaction, the insider now directly owns 351,269 shares in the company, valued at $5,117,989.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Scott I. Anderson purchased 10,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average cost of $12.75 per share, with a total value of $127,500.00. Following the completion of the transaction, the director now owns 102,735 shares of the company’s stock, valued at approximately $1,309,871.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $14.57, for a total value of $101,990.00. Following the transaction, the insider now directly owns 351,269 shares of the company’s stock, valued at $5,117,989.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,636 shares of company stock worth $924,312. 2.06% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Up 4.7 %

Shares of Kratos Defense & Security Solutions stock opened at $15.06 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $12.32 and a 1 year high of $27.64. The business has a 50-day moving average of $14.02 and a two-hundred day moving average of $16.31. The company has a market capitalization of $1.88 billion, a P/E ratio of -100.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.72.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.21 million. Kratos Defense & Security Solutions had a positive return on equity of 2.05% and a negative net margin of 2.43%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KTOS shares. Robert W. Baird raised Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Thursday, May 12th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Sunday, May 29th. Finally, Truist Financial raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, May 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.38.

Kratos Defense & Security Solutions Company Profile

(Get Rating)

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 and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

See Also

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

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