ProShare Advisors LLC Has $1.12 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

ProShare Advisors LLC raised its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 47.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,256 shares of the aerospace company's stock after buying an additional 13,547 shares during the quarter. ProShare Advisors LLC's holdings in Kratos Defense & Security Solutions were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after buying an additional 610 shares during the period. Hemington Wealth Management lifted its holdings in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after acquiring an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $53,000. SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $55,000. Finally, MRP Capital Investments LLC increased its holdings in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Down 1.5%

KTOS traded down $0.55 on Wednesday, hitting $37.57. 437,303 shares of the company were exchanged, compared to its average volume of 1,672,942. The stock's fifty day moving average is $33.05 and its 200-day moving average is $30.24. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $39.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market cap of $5.76 billion, a PE ratio of 375.54 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Bradley L. Boyd sold 3,800 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $34.88, for a total value of $132,544.00. Following the completion of the sale, the director now directly owns 9,480 shares of the company's stock, valued at $330,662.40. This trade represents a 28.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric M. Demarco bought 9,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $26.35 per share, with a total value of $250,325.00. Following the completion of the purchase, the chief executive officer now directly owns 1,267,482 shares in the company, valued at $33,398,150.70. This trade represents a 0.76% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 145,617 shares of company stock valued at $4,658,171 in the last quarter. Company insiders own 2.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KTOS shares. Royal Bank of Canada boosted their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Benchmark increased their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $36.75.

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.