Archon Capital Management LLC Trims Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Archon Capital Management LLC trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 68.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,576 shares of the aerospace company's stock after selling 140,866 shares during the period. Kratos Defense & Security Solutions makes up approximately 1.6% of Archon Capital Management LLC's investment portfolio, making the stock its 23rd largest position. Archon Capital Management LLC's holdings in Kratos Defense & Security Solutions were worth $1,677,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Rovida Investment Management Ltd acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth about $46,789,000. Raymond James Financial Inc. bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $28,944,000. Vanguard Group Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock worth $388,301,000 after acquiring an additional 701,216 shares during the period. Artisan Partners Limited Partnership acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at approximately $15,631,000. Finally, TimesSquare Capital Management LLC bought a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $15,617,000. 75.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on KTOS. StockNews.com raised shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Royal Bank of Canada cut their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.33.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $33.16, for a total value of $232,120.00. Following the sale, the insider now directly owns 365,461 shares of the company's stock, valued at $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Deanna H. Lund sold 6,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the completion of the sale, the chief financial officer now owns 331,271 shares in the company, valued at approximately $9,699,614.88. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,168 shares of company stock worth $2,327,660 in the last 90 days. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Up 0.3 %

Shares of Kratos Defense & Security Solutions stock traded up $0.09 on Thursday, hitting $33.36. The stock had a trading volume of 813,910 shares, compared to its average volume of 2,942,362. The stock's 50-day simple moving average is $29.46 and its two-hundred day simple moving average is $28.18. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66. 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 has a market cap of $5.10 billion, a price-to-earnings ratio of 333.18 and a beta of 1.01.

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.