Waratah Capital Advisors Ltd. Makes New Investment in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

Waratah Capital Advisors Ltd. purchased a new stake in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 428,720 shares of the aerospace company’s stock, valued at approximately $7,972,000. Waratah Capital Advisors Ltd. owned 0.40% of Kratos Defense & Security Solutions at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $25,000. Usca Ria LLC purchased a new stake in Kratos Defense & Security Solutions in the third quarter valued at approximately $28,000. Neo Ivy Capital Management bought a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $35,000. Marshall Wace LLP bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at approximately $35,000. Finally, Bartlett & Co. LLC purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.

In related news, CEO Eric M. Demarco sold 293,481 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $19.50, for a total value of $5,722,879.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 7,803 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $19.30, for a total value of $150,597.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 396,772 shares of company stock valued at $7,749,219. Insiders own 15.54% of the company’s stock.

NASDAQ KTOS traded down $0.48 during trading on Tuesday, hitting $17.22. 14,126 shares of the company’s stock traded hands, compared to its average volume of 979,360. The stock has a fifty day moving average of $19.01 and a two-hundred day moving average of $20.54. Kratos Defense & Security Solutions, Inc has a 12-month low of $12.31 and a 12-month high of $25.08. The firm has a market cap of $1.85 billion, a P/E ratio of 101.29, a PEG ratio of 9.83 and a beta of 1.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.84 and a quick ratio of 2.47.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, November 5th. The aerospace company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $184.10 million during the quarter, compared to analyst estimates of $184.32 million. Kratos Defense & Security Solutions had a net margin of 2.04% and a return on equity of 4.54%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. As a group, analysts expect that Kratos Defense & Security Solutions, Inc will post 0.25 earnings per share for the current fiscal year.

Several brokerages have issued reports on KTOS. Goldman Sachs Group raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $26.00 in a research note on Friday, August 16th. Canaccord Genuity set a $28.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Friday, October 11th. ValuEngine downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday. Noble Financial raised Kratos Defense & Security Solutions from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. One 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 presently has a consensus rating of “Buy” and an average target price of $23.75.

Kratos Defense & Security Solutions Company 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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