1492 Capital Management LLC Sells 36,344 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

1492 Capital Management LLC decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,985 shares of the aerospace company's stock after selling 36,344 shares during the period. 1492 Capital Management LLC's holdings in Kratos Defense & Security Solutions were worth $1,213,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its holdings in shares of Kratos Defense & Security Solutions by 11.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 17,431 shares of the aerospace company's stock valued at $459,000 after purchasing an additional 1,791 shares during the last quarter. EAM Global Investors LLC bought a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $4,596,000. EAM Investors LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $4,510,000. Gamco Investors INC. ET AL boosted its stake in Kratos Defense & Security Solutions by 73.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 17,050 shares of the aerospace company's stock valued at $450,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Kratos Defense & Security Solutions by 50.3% during the 4th quarter. Barclays PLC now owns 410,481 shares of the aerospace company's stock valued at $10,828,000 after acquiring an additional 137,381 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Up 3.1 %

KTOS traded up $1.00 during trading hours on Wednesday, hitting $33.12. 570,384 shares of the company's stock were exchanged, compared to its average volume of 1,609,468. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average is $29.57 and its two-hundred day moving average is $28.42. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 331.23 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KTOS shares. JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, March 21st. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada lowered their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.33.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now directly owns 263,283 shares of the company's stock, valued at $6,932,241.39. The trade was a 7.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $33.16, for a total transaction of $232,120.00. Following the transaction, the insider now owns 365,461 shares of the company's stock, valued at approximately $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,168 shares of company stock valued at $2,525,600. Insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.