Wolverine Asset Management LLC Takes $529,000 Position in Kratos Defense & Security Solutions (NASDAQ:KTOS)

Wolverine Asset Management LLC purchased a new position in Kratos Defense & Security Solutions (NASDAQ:KTOS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the aerospace company’s stock, valued at approximately $529,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Kratos Defense & Security Solutions by 21.1% in the fourth quarter. BlackRock Inc. now owns 9,521,059 shares of the aerospace company’s stock worth $100,829,000 after purchasing an additional 1,658,157 shares during the last quarter. Granite Investment Partners LLC bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $8,295,000. Rovida Advisors Inc. increased its position in shares of Kratos Defense & Security Solutions by 371.5% in the third quarter. Rovida Advisors Inc. now owns 854,809 shares of the aerospace company’s stock worth $11,172,000 after purchasing an additional 673,509 shares during the last quarter. Paradigm Capital Management Inc. NY increased its position in shares of Kratos Defense & Security Solutions by 40.2% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 2,345,400 shares of the aerospace company’s stock worth $24,837,000 after purchasing an additional 672,100 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $4,609,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. Seaport Global Securities reiterated a “buy” rating and set a $14.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, March 8th. Finally, Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.40.

In related news, insider Phillip D. Carrai acquired 4,000 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was purchased at an average price of $9.45 per share, with a total value of $37,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scot B. Jarvis acquired 10,000 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were bought at an average cost of $10.03 per share, with a total value of $100,300.00. Following the purchase, the director now owns 99,200 shares of the company’s stock, valued at approximately $994,976. The disclosure for this purchase can be found here. In the last three months, insiders have bought 17,205 shares of company stock valued at $173,099. Insiders own 17.92% of the company’s stock.

Shares of NASDAQ KTOS opened at $10.67 on Friday. The company has a market cap of $1,071.36, a price-to-earnings ratio of 266.75, a price-to-earnings-growth ratio of 15.33 and a beta of 1.86. Kratos Defense & Security Solutions has a one year low of $7.37 and a one year high of $13.93. The company has a current ratio of 2.49, a quick ratio of 2.23 and a debt-to-equity ratio of 0.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, February 28th. The aerospace company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $202.20 million during the quarter, compared to analyst estimates of $194.99 million. Kratos Defense & Security Solutions had a positive return on equity of 0.73% and a negative net margin of 5.68%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. sell-side analysts predict that Kratos Defense & Security Solutions will post 0.09 EPS for the current fiscal year.

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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.

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

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