Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Position Trimmed by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 892,816 shares of the aerospace company's stock after selling 93,310 shares during the period. Kratos Defense & Security Solutions makes up about 1.9% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 8th largest position. Emerald Mutual Fund Advisers Trust owned approximately 0.58% of Kratos Defense & Security Solutions worth $26,508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KTOS. Aspect Partners LLC lifted its holdings in Kratos Defense & Security Solutions by 1,900.0% in the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions during the first quarter worth $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after buying an additional 700 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 610 shares during the period. Finally, MRP Capital Investments LLC raised its holdings in Kratos Defense & Security Solutions by 28.6% during 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. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 2,419 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $41.87, for a total transaction of $101,283.53. Following the sale, the senior vice president directly owned 67,488 shares of the company's stock, valued at approximately $2,825,722.56. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $46.06, for a total value of $322,420.00. Following the sale, the insider owned 360,475 shares in the company, valued at $16,603,478.50. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,572 shares of company stock worth $5,175,766 in the last three months. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Down 1.7%

Shares of KTOS traded down $0.87 during mid-day trading on Tuesday, reaching $51.12. 4,047,767 shares of the company's stock traded hands, compared to its average volume of 2,118,763. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $52.70. The stock has a market cap of $7.84 billion, a P/E ratio of 393.26 and a beta of 1.06. The stock's 50-day moving average is $39.81 and its two-hundred day moving average is $33.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The company had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. Kratos Defense & Security Solutions's revenue was up 9.2% on a year-over-year basis. Research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on KTOS shares. Stifel Nicolaus set a $54.00 price objective on Kratos Defense & Security Solutions and gave the company a "buy" rating in a research report on Thursday, July 3rd. Benchmark increased their target price on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised their price objective on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Noble Financial reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Monday. Finally, Cantor Fitzgerald initiated coverage on Kratos Defense & Security Solutions in a research report on Tuesday, July 8th. They set an "overweight" rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.25.

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.