Raymond James Financial Services Advisors Inc. Sells 1,735 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) by 2.3% in the third quarter, HoldingsChannel reports. The fund owned 72,609 shares of the aerospace company’s stock after selling 1,735 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Kratos Defense & Security Solutions were worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of KTOS. Commonwealth Equity Services LLC increased its stake in shares of Kratos Defense & Security Solutions by 6.9% in the second quarter. Commonwealth Equity Services LLC now owns 11,762 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 763 shares in the last quarter. Baird Financial Group Inc. raised its stake in Kratos Defense & Security Solutions by 1.5% during the 2nd quarter. Baird Financial Group Inc. now owns 53,277 shares of the aerospace company’s stock valued at $739,000 after purchasing an additional 782 shares during the period. Advisors Asset Management Inc. boosted its stake in Kratos Defense & Security Solutions by 5.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 17,666 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 846 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Kratos Defense & Security Solutions by 100.0% during the first quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock valued at $41,000 after buying an additional 1,000 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Kratos Defense & Security Solutions by 7.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,241 shares of the aerospace company’s stock valued at $212,000 after acquiring an additional 1,076 shares in the last quarter. 83.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on KTOS. Canaccord Genuity Group lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $11.50 in a research note on Friday, November 4th. The Goldman Sachs Group decreased their price objective on Kratos Defense & Security Solutions from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 12th. Jefferies Financial Group cut their price objective on shares of Kratos Defense & Security Solutions from $16.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, October 6th. Noble Financial cut their target price on Kratos Defense & Security Solutions to $18.00 in a research note on Tuesday, November 15th. Finally, Canaccord Genuity Group lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $11.50 in a research note on Friday, November 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.43.

Kratos Defense & Security Solutions Trading Up 1.1 %

Shares of NASDAQ KTOS opened at $10.72 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $8.90 and a 1-year high of $22.26. The business has a fifty day moving average price of $9.85 and a 200 day moving average price of $11.47. The stock has a market capitalization of $1.35 billion, a P/E ratio of -44.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.82 and a quick ratio of 2.25.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The aerospace company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $228.60 million during the quarter, compared to analyst estimates of $227.06 million. Kratos Defense & Security Solutions had a negative net margin of 3.63% and a positive return on equity of 1.90%. Equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Samuel N. Liberatore sold 8,000 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $10.56, for a total value of $84,480.00. Following the completion of the sale, the director now owns 1,253 shares of the company’s stock, valued at approximately $13,231.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.06% of the company’s stock.

Kratos Defense & Security Solutions 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

Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating).

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

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