Millennium Management LLC Buys 394,260 Shares of Kratos Defense & Security Solutions, Inc (KTOS)

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Millennium Management LLC grew its holdings in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 11.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,740,522 shares of the aerospace company’s stock after buying an additional 394,260 shares during the quarter. Millennium Management LLC owned 3.61% of Kratos Defense & Security Solutions worth $43,053,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Boulegeris Investments Inc. increased its position in shares of Kratos Defense & Security Solutions by 61.1% during the second quarter. Boulegeris Investments Inc. now owns 185,585 shares of the aerospace company’s stock worth $2,136,000 after purchasing an additional 70,390 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Kratos Defense & Security Solutions by 6.8% during the second quarter. Stephens Investment Management Group LLC now owns 1,282,190 shares of the aerospace company’s stock worth $14,476,000 after purchasing an additional 81,122 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $3,294,000. FMR LLC increased its position in shares of Kratos Defense & Security Solutions by 743.9% during the second quarter. FMR LLC now owns 6,045,983 shares of the aerospace company’s stock worth $69,589,000 after purchasing an additional 5,329,583 shares in the last quarter. Finally, Cortina Asset Management LLC increased its position in shares of Kratos Defense & Security Solutions by 17.2% during the second quarter. Cortina Asset Management LLC now owns 556,830 shares of the aerospace company’s stock worth $6,409,000 after purchasing an additional 81,551 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

KTOS has been the subject of several analyst reports. ValuEngine upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. BidaskClub raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 10th. Finally, Noble Financial reaffirmed a “buy” rating and issued a $20.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.25.

NASDAQ KTOS traded down $0.03 during trading hours on Friday, hitting $12.98. 900,101 shares of the company were exchanged, compared to its average volume of 1,504,977. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.89 and a quick ratio of 2.59. Kratos Defense & Security Solutions, Inc has a 52-week low of $8.90 and a 52-week high of $14.94. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 324.50, a price-to-earnings-growth ratio of 17.14 and a beta of 2.30.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Kratos Defense & Security Solutions had a positive return on equity of 2.54% and a negative net margin of 5.26%. The company had revenue of $151.20 million for the quarter, compared to the consensus estimate of $147.00 million. During the same quarter in the prior year, the business earned $0.01 EPS. Kratos Defense & Security Solutions’s revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.12 earnings per share for the current fiscal year.

In other news, Director Bandel L. Carano purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were purchased at an average price of $12.70 per share, for a total transaction of $127,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas E. Iv Mills sold 73,372 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $13.19, for a total value of $967,776.68. The disclosure for this sale can be found here. Corporate insiders own 15.60% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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