Russell Investments Group Ltd. trimmed its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 72.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,962 shares of the aerospace company’s stock after selling 126,119 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Kratos Defense & Security Solutions worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of KTOS. State Street Corp grew its position in Kratos Defense & Security Solutions by 48.7% during the first quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after buying an additional 691,425 shares in the last quarter. Vanguard Group Inc. grew its position in Kratos Defense & Security Solutions by 24.0% during the first quarter. Vanguard Group Inc. now owns 2,760,941 shares of the aerospace company’s stock worth $21,480,000 after buying an additional 534,190 shares in the last quarter. AWM Investment Company Inc. grew its position in Kratos Defense & Security Solutions by 44.0% during the first quarter. AWM Investment Company Inc. now owns 1,440,000 shares of the aerospace company’s stock worth $11,203,000 after buying an additional 440,000 shares in the last quarter. Driehaus Capital Management LLC grew its position in Kratos Defense & Security Solutions by 65.6% during the first quarter. Driehaus Capital Management LLC now owns 936,186 shares of the aerospace company’s stock worth $7,284,000 after buying an additional 370,899 shares in the last quarter. Finally, B. Riley Financial Inc. grew its position in Kratos Defense & Security Solutions by 720.5% during the first quarter. B. Riley Financial Inc. now owns 296,177 shares of the aerospace company’s stock worth $2,304,000 after buying an additional 260,082 shares in the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

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Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) traded up 1.38% during trading on Tuesday, hitting $12.46. The stock had a trading volume of 1,327,835 shares. Kratos Defense & Security Solutions, Inc. has a 52-week low of $5.23 and a 52-week high of $13.93. The company has a 50-day moving average of $12.24 and a 200 day moving average of $10.31. The firm’s market cap is $1.08 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $185.70 million for the quarter, compared to analysts’ expectations of $172.78 million. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. On average, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post $0.10 earnings per share for the current fiscal year.

In other news, CEO Eric M. Demarco acquired 8,905 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of $11.19 per share, for a total transaction of $99,646.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.20% of the stock is owned by company insiders.

Several equities analysts recently commented on the company. BidaskClub upgraded Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. SunTrust Banks, Inc. cut Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research report on Friday, July 14th. Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 14th. Drexel Hamilton assumed coverage on Kratos Defense & Security Solutions in a research report on Tuesday, August 15th. They set a “buy” rating and a $14.00 target price for the company. Finally, Zacks Investment Research cut Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Kratos Defense & Security Solutions presently has an average rating of “Buy” and a consensus price target of $12.78.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

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

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