IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires 23,547 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 219.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 34,288 shares of the aerospace company’s stock after acquiring an additional 23,547 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Kratos Defense & Security Solutions were worth $905,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its holdings in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 610 shares during the last quarter. Hemington Wealth Management grew its position in shares of Kratos Defense & Security Solutions by 86.6% during the 4th 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 period. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $39,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $53,000. Finally, SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 0.2 %

NASDAQ KTOS opened at $31.47 on Friday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.05 and a 52 week high of $35.66. 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 stock’s 50 day moving average price is $30.40 and its two-hundred day moving average price is $27.31. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 314.73 and a beta of 1.12.

Analyst Ratings Changes

Several equities research analysts have commented on KTOS shares. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Jefferies Financial Group lifted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Insider Activity

In related news, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the transaction, the insider now owns 263,283 shares in the company, valued at approximately $6,932,241.39. This represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas E. Iv Mills sold 8,637 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the sale, the insider now owns 12,215 shares in the company, valued at $331,515.10. The trade was a 41.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,196 shares of company stock worth $3,144,160 over the last ninety days. Insiders own 2.27% of the company’s stock.

About Kratos Defense & Security Solutions

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.