Kornitzer Capital Management Inc. KS Trims Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Kornitzer Capital Management Inc. KS lowered its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 40.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,000 shares of the aerospace company's stock after selling 12,000 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Kratos Defense & Security Solutions were worth $534,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $30,000. Aspect Partners LLC grew its position in Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after acquiring an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth $30,000. MassMutual Private Wealth & Trust FSB grew its position in Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after acquiring an additional 700 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position 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 worth $34,000 after acquiring an additional 610 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, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, June 30th. The stock was 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 approximately $16,603,478.50. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $51.42, for a total value of $308,520.00. Following the sale, the insider owned 270,104 shares in the company, valued at $13,888,747.68. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,572 shares of company stock valued at $5,586,226 in the last ninety days. 2.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KTOS. Cantor Fitzgerald restated an "overweight" rating on shares of Kratos Defense & Security Solutions in a research report on Friday. Stifel Nicolaus set a $54.00 price target on Kratos Defense & Security Solutions and gave the company a "buy" rating in a research report on Thursday, July 3rd. Benchmark upped their price target 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. Truist Financial upped their price target on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Royal Bank Of Canada upped their price target on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.25.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock traded up $0.21 during trading on Friday, hitting $59.12. The company's stock had a trading volume of 8,050,228 shares, compared to its average volume of 2,200,856. The company has a market cap of $9.07 billion, a PE ratio of 454.80 and a beta of 1.06. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $41.28 and a 200-day moving average of $34.52. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $61.33.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same period in the prior year, the company earned $0.11 earnings per share. Kratos Defense & Security Solutions's revenue was up 9.2% compared to the same quarter last year. As a group, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

About Kratos Defense & Security Solutions

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.