Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Holdings Decreased by Hood River Capital Management LLC

Hood River Capital Management LLC cut its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 23.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,373,151 shares of the aerospace company's stock after selling 739,821 shares during the quarter. Hood River Capital Management LLC owned 1.57% of Kratos Defense & Security Solutions worth $62,604,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock worth $6,363,000 after buying an additional 192,667 shares during the last quarter. Tidal Investments LLC raised its stake in Kratos Defense & Security Solutions by 27.9% during the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company's stock worth $495,000 after acquiring an additional 4,638 shares during the period. Franklin Resources Inc. lifted its holdings in Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock worth $70,951,000 after acquiring an additional 304,088 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock valued at $15,501,000 after purchasing an additional 86,567 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Kratos Defense & Security Solutions by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company's stock worth $5,820,000 after purchasing an additional 3,770 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their price target for the company from $26.00 to $35.00 in a research note on Monday, January 13th. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted 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 report on Friday, March 21st. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating, six have assigned 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 price target of $33.33.

Kratos Defense & Security Solutions Trading Up 0.6 %

NASDAQ:KTOS opened at $32.12 on Wednesday. The business's 50-day simple moving average is $29.57 and its 200-day simple moving average is $28.42. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a market capitalization of $4.91 billion, a PE ratio of 321.23 and a beta of 1.01.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the firm'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 completion of the sale, the insider now directly owns 365,461 shares in the company, valued at $12,118,686.76. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total value of $40,680.00. Following the completion of the transaction, the senior vice president now directly owns 60,443 shares of the company's stock, valued at $1,639,214.16. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,168 shares of company stock valued at $2,525,600 in the last ninety days. 2.37% of the stock is currently owned by corporate insiders.

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.

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