Hood River Capital Management LLC Sells 739,821 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Hood River Capital Management LLC trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 23.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,373,151 shares of the aerospace company's stock after selling 739,821 shares during the period. Hood River Capital Management LLC owned approximately 1.57% of Kratos Defense & Security Solutions worth $62,604,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position 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 worth $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management raised 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 buying an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $53,000. SBI Securities Co. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $55,000. Finally, MRP Capital Investments LLC increased its position in shares of Kratos Defense & Security Solutions by 28.6% during 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. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KTOS has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Robert W. Baird lifted their target price on 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. StockNews.com lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a 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 price target of $34.13.

Insider Activity

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $32.89, for a total transaction of $197,340.00. Following the sale, the chief financial officer now owns 292,873 shares of the company's stock, valued at $9,632,592.97. The trade was a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 31st. The shares were sold at an average price of $29.45, for a total value of $206,150.00. Following the completion of the transaction, the insider now owns 404,133 shares of the company's stock, valued at approximately $11,901,716.85. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,168 shares of company stock valued at $2,293,480 in the last 90 days. Insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded down $0.64 during mid-day trading on Monday, reaching $32.96. The company had a trading volume of 630,541 shares, compared to its average volume of 1,616,593. Kratos Defense & Security Solutions, Inc. has a one year low of $17.76 and a one year high of $35.66. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company's 50-day moving average price is $29.94 and its 200-day moving average price is $28.63. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 329.33 and a beta of 1.01.

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.