Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Position Increased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 27.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 21,258 shares of the aerospace company’s stock after acquiring an additional 4,638 shares during the period. Chesapeake Capital Corp IL’s holdings in Kratos Defense & Security Solutions were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in KTOS. Westwood Holdings Group Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $46,177,000. Vanguard Group Inc. raised its stake in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC raised its stake in Kratos Defense & Security Solutions by 108.7% during the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after acquiring an additional 1,331,499 shares in the last quarter. Bamco Inc. NY raised its stake in Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after acquiring an additional 511,538 shares in the last quarter. Finally, Archon Capital Management LLC raised its stake in Kratos Defense & Security Solutions by 1,102.5% during the 1st quarter. Archon Capital Management LLC now owns 450,487 shares of the aerospace company’s stock valued at $8,280,000 after acquiring an additional 413,026 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 3.4 %

Shares of KTOS stock opened at $24.42 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62. The stock has a market cap of $3.69 billion, a PE ratio of 244.22 and a beta of 1.02. The business’s fifty day moving average is $24.07 and its 200-day moving average is $21.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. JMP Securities lifted their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their target price for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Insider Activity

In related news, CEO Eric M. Demarco bought 11,980 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $20.89 per share, for a total transaction of $250,262.20. Following the acquisition, the chief executive officer now directly owns 1,070,244 shares of the company’s stock, valued at $22,357,397.16. The trade was a 1.13 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Benjamin M. Goodwin sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the transaction, the senior vice president now owns 37,327 shares in the company, valued at $1,034,331.17. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,620 shares of company stock worth $1,700,220. 2.27% of the stock is owned by company insiders.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.