Acadian Asset Management LLC Invests $418,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Acadian Asset Management LLC acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,972 shares of the aerospace company’s stock, valued at approximately $418,000.

Several other hedge funds have also recently bought and sold shares of KTOS. Arkadios Wealth Advisors lifted its position in shares of Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after purchasing an additional 500 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 0.4% during the 1st quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock worth $3,503,000 after buying an additional 750 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Kratos Defense & Security Solutions by 1.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after buying an additional 982 shares during the period. Rhumbline Advisers grew its stake in shares of Kratos Defense & Security Solutions by 0.5% in the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after acquiring an additional 1,092 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its position in shares of Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 1,208 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 4.4 %

NASDAQ KTOS opened at $23.41 on Thursday. The firm’s fifty day moving average price is $21.57 and its 200 day moving average price is $20.08. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.98 and a 12 month high of $23.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 69.22 and a beta of 1.02.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The company had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same quarter last year, the company posted $0.05 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KTOS shares. JMP Securities started coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 target price for the company. Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Royal Bank of Canada raised their target price on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the sale, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at $1,370,621.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the sale, the senior vice president now owns 61,963 shares in the company, valued at approximately $1,370,621.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $20.00, for a total transaction of $120,000.00. Following the transaction, the chief financial officer now directly owns 298,016 shares in the company, valued at $5,960,320. The disclosure for this sale can be found here. Insiders have sold a total of 76,210 shares of company stock valued at $1,652,702 over the last quarter. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.