Kratos Defense & Security Solutions, Inc (KTOS) Shares Sold by Emerald Advisers Inc. PA

Emerald Advisers Inc. PA cut its stake in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 33.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,441,230 shares of the aerospace company’s stock after selling 727,840 shares during the quarter. Emerald Advisers Inc. PA owned 1.39% of Kratos Defense & Security Solutions worth $21,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of Kratos Defense & Security Solutions by 246.7% in the 2nd quarter. First Trust Advisors LP now owns 74,667 shares of the aerospace company’s stock worth $859,000 after acquiring an additional 53,131 shares during the last quarter. Fred Alger Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 38.2% in the 2nd quarter. Fred Alger Management Inc. now owns 917,017 shares of the aerospace company’s stock worth $10,555,000 after acquiring an additional 253,479 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $8,908,000. Cortina Asset Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 17.2% in the 2nd quarter. Cortina Asset Management LLC now owns 556,830 shares of the aerospace company’s stock worth $6,409,000 after acquiring an additional 81,551 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Kratos Defense & Security Solutions by 119.3% in the 1st quarter. Royal Bank of Canada now owns 20,425 shares of the aerospace company’s stock worth $210,000 after acquiring an additional 11,112 shares during the last quarter. Institutional investors and hedge funds own 90.68% of the company’s stock.

Shares of NASDAQ KTOS opened at $12.53 on Thursday. The company has a current ratio of 2.89, a quick ratio of 2.59 and a debt-to-equity ratio of 0.58. Kratos Defense & Security Solutions, Inc has a 52 week low of $8.90 and a 52 week high of $14.94. The firm has a market capitalization of $1.29 billion, a P/E ratio of 95.61, a PEG ratio of 14.41 and a beta of 2.30.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Thursday, August 2nd. The aerospace company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Kratos Defense & Security Solutions had a negative net margin of 5.26% and a positive return on equity of 2.54%. The company had revenue of $151.20 million for the quarter, compared to the consensus estimate of $147.00 million. During the same period in the previous year, the firm earned $0.01 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.12 earnings per share for the current fiscal year.

In related news, insider Thomas E. Iv Mills sold 73,372 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $13.19, for a total value of $967,776.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bandel L. Carano bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average cost of $12.70 per share, for a total transaction of $127,000.00. The disclosure for this purchase can be found here. 15.60% of the stock is owned by insiders.

A number of brokerages have recently weighed in on KTOS. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 18th. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Noble Financial restated a “buy” rating and issued a $20.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, August 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Kratos Defense & Security Solutions has a consensus rating of “Hold” and an average target price of $14.25.

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 three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. 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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