Bamco Inc. NY Has $91.83 Million Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Bamco Inc. NY lessened its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 37.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,209,773 shares of the aerospace company’s stock after selling 723,116 shares during the quarter. Bamco Inc. NY’s holdings in Kratos Defense & Security Solutions were worth $91,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at about $595,000. AQR Capital Management LLC grew its position in shares of Kratos Defense & Security Solutions by 32.5% during the 4th quarter. AQR Capital Management LLC now owns 96,849 shares of the aerospace company’s stock valued at $7,341,000 after acquiring an additional 23,728 shares during the period. Abel Hall LLC grew its position in shares of Kratos Defense & Security Solutions by 81.8% during the 4th quarter. Abel Hall LLC now owns 6,914 shares of the aerospace company’s stock valued at $525,000 after acquiring an additional 3,110 shares during the period. EFG International AG bought a new position in Kratos Defense & Security Solutions in the 4th quarter worth approximately $5,165,000. Finally, Cetera Investment Advisers boosted its holdings in Kratos Defense & Security Solutions by 18.7% in the 4th quarter. Cetera Investment Advisers now owns 129,409 shares of the aerospace company’s stock worth $9,823,000 after buying an additional 20,370 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insiders Place Their Bets

In related news, Director Scot B. Jarvis sold 5,417 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $75.90, for a total transaction of $411,150.30. Following the transaction, the director owned 75,123 shares in the company, valued at $5,701,835.70. This represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonah Adelman sold 31,348 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the sale, the insider directly owned 8,000 shares of the company’s stock, valued at approximately $456,480. This represents a 79.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 196,278 shares of company stock valued at $12,428,868. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on KTOS shares. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Canaccord Genuity Group lifted their target price on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. BNP Paribas Exane lifted their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Clear Str upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Sunday, May 10th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.35.

Kratos Defense & Security Solutions Trading Down 0.3%

NASDAQ:KTOS opened at $56.16 on Thursday. Kratos Defense & Security Solutions, Inc. has a one year low of $39.00 and a one year high of $134.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The company’s 50-day simple moving average is $61.58 and its 200 day simple moving average is $79.77. The firm has a market capitalization of $10.53 billion, a P/E ratio of 330.35 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.