Headlands Technologies LLC Grows Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Headlands Technologies LLC lifted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 1,179.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,310 shares of the aerospace company's stock after acquiring an additional 20,566 shares during the quarter. Headlands Technologies LLC's holdings in Kratos Defense & Security Solutions were worth $589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KTOS. Jones Financial Companies Lllp raised its position in shares of Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management lifted its stake in shares of Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after buying an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $53,000. SBI Securities Co. Ltd. purchased a new position in Kratos Defense & Security Solutions during the 4th quarter worth $55,000. Finally, MRP Capital Investments LLC grew its position in Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Insider Buying and Selling

In related news, insider Phillip D. Carrai sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the sale, the insider now directly owns 263,283 shares in the company, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares in the company, valued at approximately $9,114,529.40. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,668 shares of company stock worth $2,377,610. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Up 10.1 %

Shares of NASDAQ:KTOS traded up $2.91 during trading on Wednesday, reaching $31.83. 3,479,179 shares of the stock traded hands, compared to its average volume of 1,591,344. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66. The stock has a 50-day moving average of $29.51 and a two-hundred day moving average of $27.88. 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 stock has a market cap of $4.86 billion, a P/E ratio of 318.33 and a beta of 1.01.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KTOS shares. Royal Bank of Canada decreased their price objective on shares of 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 report on Tuesday. JPMorgan Chase & Co. boosted their price objective 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. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. One equities research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.67.

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.