MYDA Advisors LLC Cuts Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

MYDA Advisors LLC lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 60.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,000 shares of the aerospace company’s stock after selling 30,000 shares during the quarter. MYDA Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Kratos Defense & Security Solutions by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock worth $337,565,000 after acquiring an additional 148,622 shares during the period. Morgan Stanley increased its position in shares of Kratos Defense & Security Solutions by 3.9% during the fourth quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company’s stock worth $251,345,000 after acquiring an additional 124,607 shares during the period. First Trust Advisors LP increased its position in shares of Kratos Defense & Security Solutions by 29.5% during the third quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock worth $280,402,000 after acquiring an additional 698,778 shares during the period. Invesco Ltd. increased its position in shares of Kratos Defense & Security Solutions by 7.4% during the third quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock worth $278,331,000 after acquiring an additional 209,189 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Kratos Defense & Security Solutions by 1,389.0% during the third quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock worth $247,409,000 after acquiring an additional 2,525,921 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $57.75 on Monday. The firm has a market capitalization of $10.83 billion, a PE ratio of 339.71 and a beta of 1.04. The business’s fifty day moving average price is $62.36 and its 200 day moving average price is $80.17. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. Kratos Defense & Security Solutions, Inc. has a 12 month low of $39.00 and a 12 month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,500 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $74.72, for a total value of $485,680.00. Following the transaction, the insider owned 227,898 shares of the company’s stock, valued at $17,028,538.56. This represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William A. Hoglund sold 30,500 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $71.19, for a total value of $2,171,295.00. Following the completion of the transaction, the director directly owned 252,500 shares in the company, valued at $17,975,475. This trade represents a 10.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 188,278 shares of company stock valued at $11,966,663 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KTOS. Clear Str raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. Jefferies Financial Group set a $80.00 price objective on Kratos Defense & Security Solutions in a research report on Sunday, May 10th. Royal Bank Of Canada cut their price objective on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. BNP Paribas Exane increased their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $99.00 to $82.00 in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.17.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.