CenterBook Partners LP Buys Shares of 22,029 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

CenterBook Partners LP acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,029 shares of the aerospace company's stock, valued at approximately $581,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth $28,944,000. Advisory Services Network LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at about $415,000. Invesco Ltd. increased its stake in shares of Kratos Defense & Security Solutions by 15.9% during the 4th quarter. Invesco Ltd. now owns 1,371,221 shares of the aerospace company's stock worth $36,173,000 after purchasing an additional 188,403 shares in the last quarter. FMR LLC increased its stake in shares of Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock worth $114,510,000 after purchasing an additional 307,907 shares in the last quarter. Finally, Waterloo Capital L.P. raised its position in shares of Kratos Defense & Security Solutions by 13.5% during the 4th quarter. Waterloo Capital L.P. now owns 48,879 shares of the aerospace company's stock worth $1,289,000 after purchasing an additional 5,821 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Down 0.1 %

Shares of KTOS stock traded down $0.03 during mid-day trading on Tuesday, reaching $32.96. 1,082,283 shares of the company were exchanged, compared to its average volume of 1,598,687. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The business's 50 day simple moving average is $29.44 and its 200 day simple moving average is $28.11. The company has a market capitalization of $5.04 billion, a P/E ratio of 329.63 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66.

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Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 365,461 shares in the company, valued at approximately $12,118,686.76. The trade was a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now owns 61,782 shares in the company, valued at $2,057,340.60. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,668 shares of company stock worth $2,377,610 in the last ninety days. 2.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. StockNews.com cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

About Kratos Defense & Security Solutions

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.