Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Stake Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 260.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 169,472 shares of the aerospace company’s stock after purchasing an additional 122,510 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of Kratos Defense & Security Solutions worth $2,216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KTOS. Principal Financial Group Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $126,000. Fortaleza Asset Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $159,000. Investment Centers of America Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $161,000. Boulegeris Investments Inc. grew its position in shares of Kratos Defense & Security Solutions by 4.6% during the 2nd quarter. Boulegeris Investments Inc. now owns 14,725 shares of the aerospace company’s stock worth $175,000 after buying an additional 650 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Kratos Defense & Security Solutions by 171.5% during the 1st quarter. Bank of America Corp DE now owns 22,821 shares of the aerospace company’s stock worth $177,000 after buying an additional 14,416 shares during the period. Hedge funds and other institutional investors own 71.39% of the company’s stock.

Kratos Defense & Security Solutions, Inc (KTOS) traded down $0.04 during midday trading on Friday, reaching $11.33. 766,562 shares of the company traded hands, compared to its average volume of 1,560,000. Kratos Defense & Security Solutions, Inc has a twelve month low of $6.96 and a twelve month high of $13.93. The company has a current ratio of 2.86, a quick ratio of 2.54 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1,170.00, a P/E ratio of -36.55, a P/E/G ratio of 6.45 and a beta of 1.81.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $196.20 million during the quarter, compared to the consensus estimate 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 revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc will post -0.01 EPS for the current fiscal year.

KTOS has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $16.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday, November 1st. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 4th. Jefferies Group raised their price objective on shares of Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, SunTrust Banks reissued a “hold” rating and issued a $12.00 price target on shares of Kratos Defense & Security Solutions in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.90.

In other news, Director Scot B. Jarvis acquired 10,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were purchased at an average cost of $10.50 per share, with a total value of $105,000.00. Following the acquisition, the director now directly owns 95,200 shares of the company’s stock, valued at $999,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. 17.92% of the stock is owned by insiders.

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Kratos Defense & Security Solutions Company 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.

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

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