Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stake Boosted by Rafferty Asset Management LLC

Rafferty Asset Management LLC grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 16.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,817 shares of the aerospace company’s stock after acquiring an additional 12,778 shares during the period. Rafferty Asset Management LLC owned 0.07% of Kratos Defense & Security Solutions worth $2,587,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sowell Financial Services LLC grew its holdings in shares of Kratos Defense & Security Solutions by 182.3% during the 1st quarter. Sowell Financial Services LLC now owns 1,310 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 846 shares in the last quarter. Marshall Wace LLP bought a new stake in Kratos Defense & Security Solutions in the first quarter worth $35,000. Quantbot Technologies LP bought a new stake in Kratos Defense & Security Solutions in the first quarter worth $42,000. Arkadios Wealth Advisors bought a new stake in Kratos Defense & Security Solutions in the second quarter worth $42,000. Finally, Ameritas Investment Company LLC bought a new stake in Kratos Defense & Security Solutions in the first quarter worth $46,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $24.95, for a total value of $174,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric M. Demarco sold 10,000 shares of the stock in a transaction dated Monday, June 21st. The stock was sold at an average price of $26.31, for a total transaction of $263,100.00. The disclosure for this sale can be found here. Insiders have sold 119,759 shares of company stock valued at $3,128,766 in the last ninety days. 1.83% of the stock is owned by company insiders.

Kratos Defense & Security Solutions stock opened at $22.46 on Friday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 34.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.35. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $34.11. The firm has a fifty day moving average price of $24.78 and a two-hundred day moving average price of $25.87.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, August 3rd. The aerospace company reported $0.04 earnings per share for the quarter. The firm had revenue of $205.10 million during the quarter, compared to analyst estimates of $200.47 million. Kratos Defense & Security Solutions had a net margin of 10.34% and a return on equity of 2.81%. As a group, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.13 earnings per share for the current year.

KTOS has been the subject of a number of recent research reports. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $28.00 to $32.00 in a report on Monday, July 26th. Alembic Global Advisors upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a report on Thursday, August 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Buy” and an average price target of $28.25.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.

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

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