Rovida Investment Management Ltd Takes Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rovida Investment Management Ltd purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,773,655 shares of the aerospace company’s stock, valued at approximately $46,789,000. Kratos Defense & Security Solutions comprises about 14.6% of Rovida Investment Management Ltd’s investment portfolio, making the stock its 3rd largest holding. Rovida Investment Management Ltd owned approximately 1.17% of Kratos Defense & Security Solutions as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. MRP Capital Investments LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares in the last quarter. Arizona State Retirement System raised its stake in Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after purchasing an additional 586 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Kratos Defense & Security Solutions by 90.5% in the 4th 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 period. ORG Partners LLC grew its position in shares of Kratos Defense & Security Solutions by 1.9% during the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after purchasing an additional 621 shares in the last quarter. Finally, 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 purchasing an additional 631 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the transaction, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip D. Carrai sold 20,000 shares of the business’s 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. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $32.53 on Tuesday. The business has a 50-day simple moving average of $30.49 and a two-hundred day simple moving average of $27.16. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.05 and a 12-month high of $35.66. The stock has a market cap of $4.97 billion, a PE ratio of 325.33 and a beta of 1.12. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Royal Bank of Canada dropped their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

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.