MIG Capital LLC Buys Shares of 13,079 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MIG Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,079 shares of the aerospace company's stock, valued at approximately $345,000. Kratos Defense & Security Solutions comprises 0.0% of MIG Capital LLC's investment portfolio, making the stock its 29th biggest position.

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

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total transaction of $49,950.00. Following the completion of the sale, the senior vice president now directly owns 61,782 shares of the company's stock, valued at approximately $2,057,340.60. This represents a 2.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction 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. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,668 shares of company stock valued at $2,377,610. 2.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

KTOS has been the subject of several research reports. Robert W. Baird lifted 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. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.00 to $35.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have given 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.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $32.67.

Kratos Defense & Security Solutions Trading Up 2.0 %

Shares of NASDAQ KTOS traded up $0.62 during midday trading on Friday, reaching $32.33. 654,097 shares of the stock were exchanged, compared to its average volume of 1,593,180. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.05 and a 12 month high of $35.66. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 322.52 and a beta of 1.01. 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 business has a 50-day simple moving average of $29.48 and a two-hundred day simple moving average of $27.94.

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.