Liberty One Investment Management LLC Lowers Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Liberty One Investment Management LLC trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,584 shares of the aerospace company's stock after selling 8,150 shares during the quarter. Liberty One Investment Management LLC's holdings in Kratos Defense & Security Solutions were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KTOS. American Capital Management Inc. lifted its position in shares of Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock valued at $62,792,000 after buying an additional 305,925 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock worth $70,951,000 after purchasing an additional 304,088 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $6,310,000. Driehaus Capital Management LLC lifted its stake in Kratos Defense & Security Solutions by 51.5% during the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company's stock worth $14,438,000 after purchasing an additional 245,422 shares during the last quarter. Finally, FMR LLC increased its position in shares of Kratos Defense & Security Solutions by 6.1% during the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock valued at $93,966,000 after purchasing an additional 233,051 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the sale, the insider now directly owns 356,414 shares in the company, valued at $8,557,500.14. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now directly owns 61,782 shares in the company, valued at approximately $2,057,340.60. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,428 shares of company stock valued at $2,661,646. Insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock traded up $0.01 during mid-day trading on Monday, hitting $33.62. The company had a trading volume of 4,947,476 shares, compared to its average volume of 1,264,238. The company has a market capitalization of $5.08 billion, a P/E ratio of 336.23 and a beta of 1.07. The stock's 50 day moving average price is $27.62 and its 200-day moving average price is $24.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $34.83.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KTOS shares. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a report on Monday, November 11th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Jefferies Financial Group upped their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Finally, Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $28.30.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.