PEAK6 Investments L.P. Acquires New Holdings in Kratos Defense & Security Solutions, Inc. (KTOS)

PEAK6 Investments L.P. acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 71,614 shares of the aerospace company’s stock, valued at approximately $937,000. PEAK6 Investments L.P. owned about 0.07% of Kratos Defense & Security Solutions at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. KCG Holdings Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 33.9% in the first quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 3,685 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at $126,000. Risk Paradigm Group LLC increased its holdings in shares of Kratos Defense & Security Solutions by 417.6% in the third quarter. Risk Paradigm Group LLC now owns 10,611 shares of the aerospace company’s stock valued at $139,000 after purchasing an additional 8,561 shares during the last quarter. Creative Planning increased its holdings in shares of Kratos Defense & Security Solutions by 31.3% in the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock valued at $140,000 after purchasing an additional 2,813 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at $149,000. Hedge funds and other institutional investors own 71.41% of the company’s stock.

Several research firms have commented on KTOS. BidaskClub downgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “strong sell” rating in a report on Wednesday. J P Morgan Chase & Co initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Friday, December 1st. They issued a “neutral” rating and a $13.00 target price for the company. Jefferies Group boosted their target price on shares of Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and issued a $15.00 target price on shares of Kratos Defense & Security Solutions in a research report on Wednesday, November 1st. Finally, B. Riley set a $16.00 target price on shares of Kratos Defense & Security Solutions and gave the company a “buy” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.22.

Shares of Kratos Defense & Security Solutions, Inc. (KTOS) opened at $10.19 on Thursday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $6.83 and a 52-week high of $13.93. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.54 and a current ratio of 2.86.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.03. The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $186.27 million. Kratos Defense & Security Solutions had a negative net margin of 3.39% and a negative return on equity of 1.21%. Kratos Defense & Security Solutions’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 earnings per share. equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post -0.01 EPS for the current fiscal year.

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Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

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

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