MIG Capital LLC Purchases New Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MIG Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,079 shares of the aerospace company’s stock, valued at approximately $345,000. Kratos Defense & Security Solutions comprises approximately 0.0% of MIG Capital LLC’s holdings, making the stock its 29th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after acquiring an additional 701,216 shares during the period. Geode Capital Management LLC increased its position in Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Franklin Resources Inc. raised its stake in Kratos Defense & Security Solutions by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock worth $82,204,000 after purchasing an additional 317,305 shares during the period. Rovida Investment Management Ltd acquired a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $46,789,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Kratos Defense & Security Solutions by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,513,437 shares of the aerospace company’s stock valued at $39,924,000 after buying an additional 14,588 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 8.5 %

Shares of KTOS stock opened at $27.82 on Friday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 278.23 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two 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 company has a 50 day moving average price of $29.85 and a 200 day moving average price of $27.68.

Insiders Place Their Bets

In other news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $28.96, for a total value of $115,840.00. Following the completion of the transaction, the insider now owns 57,267 shares in the company, valued at approximately $1,658,452.32. This trade represents a 6.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the sale, the chief financial officer now owns 331,271 shares in the company, valued at $9,699,614.88. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,196 shares of company stock worth $3,079,290 over the last 90 days. Corporate insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Monday, March 31st. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Company Profile

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.