Sanctuary Advisors LLC Purchases New Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sanctuary Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,734 shares of the aerospace company's stock, valued at approximately $573,000.

Several other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock valued at $25,000 after buying an additional 920 shares in the last quarter. Hemington Wealth Management grew its stake in 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 acquiring an additional 631 shares during the period. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $39,000. Meeder Asset Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $53,000. Finally, Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 229.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company's stock worth $95,000 after purchasing an additional 2,500 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KTOS. StockNews.com cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Jefferies Financial Group boosted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Royal Bank of Canada lowered their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS traded down $0.38 during mid-day trading on Monday, hitting $26.01. The stock had a trading volume of 2,344,102 shares, compared to its average volume of 1,235,570. The company's 50 day simple moving average is $29.87 and its 200 day simple moving average is $26.30. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 260.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66.

Insider Activity at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now owns 51,121 shares in the company, valued at approximately $1,533,630. This represents a 27.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas E. Iv Mills sold 11,516 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the transaction, the insider now directly owns 12,315 shares in the company, valued at approximately $344,573.70. This represents a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,181 shares of company stock worth $2,570,686. Company insiders own 2.27% of the company's stock.

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.