Rovida Investment Management Ltd Buys New Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rovida Investment Management Ltd acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,773,655 shares of the aerospace company's stock, valued at approximately $46,789,000. Kratos Defense & Security Solutions accounts for 14.6% of Rovida Investment Management Ltd's portfolio, making the stock its 3rd biggest holding. Rovida Investment Management Ltd owned 1.17% of Kratos Defense & Security Solutions as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock worth $388,301,000 after buying an additional 701,216 shares in the last quarter. FMR LLC grew its holdings in Kratos Defense & Security Solutions by 6.1% during the third 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 period. Geode Capital Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock valued at $82,883,000 after buying an additional 29,278 shares during the period. 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 buying an additional 304,088 shares in the last quarter. Finally, American Capital Management Inc. boosted its holdings in Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock worth $62,792,000 after purchasing an additional 305,925 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several brokerages have recently weighed in on KTOS. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, March 21st. StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Saturday, March 8th. Royal Bank of Canada cut their price objective 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. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, Robert W. Baird boosted their price target on 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and an average target price of $32.67.

Kratos Defense & Security Solutions Stock Performance

KTOS traded down $0.79 during trading on Friday, hitting $30.68. The stock had a trading volume of 3,258,768 shares, compared to its average volume of 1,539,522. 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 firm has a market cap of $4.69 billion, a price-to-earnings ratio of 306.83 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66. The company has a 50 day moving average price of $30.34 and a 200-day moving average price of $27.41.

Insider Transactions at Kratos Defense & Security Solutions

In related news, 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 sale, the insider now directly owns 370,660 shares of the company's stock, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.48, for a total transaction of $158,880.00. Following the transaction, the chief financial officer now directly owns 261,732 shares of the company's stock, valued at $6,930,663.36. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Company 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.