Kratos Defense & Security Solutions (KTOS) Position Lessened by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lessened its holdings in Kratos Defense & Security Solutions (NASDAQ:KTOS) by 42.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,331 shares of the aerospace company’s stock after selling 20,347 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Kratos Defense & Security Solutions were worth $289,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. raised 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 buying an additional 1,658,157 shares in the last quarter. Millennium Management LLC raised its position in shares of Kratos Defense & Security Solutions by 6.3% in the fourth quarter. Millennium Management LLC now owns 2,518,510 shares of the aerospace company’s stock worth $26,671,000 after buying an additional 149,055 shares in the last quarter. Paradigm Capital Management Inc. NY raised 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 buying an additional 672,100 shares in the last quarter. Emerald Advisers Inc. PA raised its position in shares of Kratos Defense & Security Solutions by 4.3% in the fourth quarter. Emerald Advisers Inc. PA now owns 2,297,901 shares of the aerospace company’s stock worth $24,335,000 after buying an additional 95,024 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 10.6% in the fourth quarter. Peregrine Capital Management LLC now owns 1,653,358 shares of the aerospace company’s stock worth $17,509,000 after buying an additional 158,991 shares in the last quarter. Institutional investors own 74.76% of the company’s stock.

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In other news, insider Phillip D. Carrai purchased 4,000 shares of the stock in a transaction on Monday, March 19th. The shares were acquired at an average price of $9.45 per share, for a total transaction of $37,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scot B. Jarvis acquired 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, March 16th. The shares were bought at an average cost of $10.03 per share, for a total transaction of $100,300.00. Following the completion of the purchase, the director now directly owns 99,200 shares of the company’s stock, valued at approximately $994,976. The disclosure for this purchase can be found here. Insiders have acquired 17,205 shares of company stock worth $173,099 in the last 90 days. Company insiders own 17.92% of the company’s stock.

A number of equities research analysts recently issued reports on the company. ValuEngine upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. Zacks Investment Research downgraded 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 issued a $14.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, March 8th. Finally, Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.40.

NASDAQ KTOS opened at $11.38 on Friday. Kratos Defense & Security Solutions has a twelve month low of $7.51 and a twelve month 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. The stock has a market cap of $1,194.54, a price-to-earnings ratio of 284.50, a PEG ratio of 17.10 and a beta of 1.86.

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

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Kratos Defense & Security Solutions Company Profile

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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