Kratos Defense & Security Solutions, Inc. (KTOS) Position Cut by Royal Bank of Canada

Royal Bank of Canada cut its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,050 shares of the aerospace company’s stock after selling 879 shares during the period. Royal Bank of Canada’s holdings in Kratos Defense & Security Solutions were worth $499,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in KTOS. American International Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 30.3% in the first quarter. American International Group Inc. now owns 34,728 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 8,078 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Kratos Defense & Security Solutions by 35.8% in the first quarter. Alliancebernstein L.P. now owns 29,200 shares of the aerospace company’s stock valued at $227,000 after purchasing an additional 7,700 shares during the period. California Public Employees Retirement System increased its holdings in shares of Kratos Defense & Security Solutions by 55.9% in the first quarter. California Public Employees Retirement System now owns 453,700 shares of the aerospace company’s stock valued at $3,530,000 after purchasing an additional 162,600 shares during the period. Vanguard Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 24.0% in the first quarter. Vanguard Group Inc. now owns 2,760,941 shares of the aerospace company’s stock valued at $21,480,000 after purchasing an additional 534,190 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 43.4% in the first quarter. Geode Capital Management LLC now owns 580,932 shares of the aerospace company’s stock valued at $4,519,000 after purchasing an additional 175,879 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ KTOS) opened at $10.61 on Monday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $6.21 and a 1-year high of $13.93. The company has a quick ratio of 2.54, a current ratio of 2.86 and a debt-to-equity ratio of 0.70.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Thursday, November 2nd. The aerospace company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $196.20 million for the quarter, compared to analyst estimates of $186.27 million. Kratos Defense & Security Solutions had a negative return on equity of 1.21% and a negative net margin of 3.39%. Kratos Defense & Security Solutions’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post -0.01 earnings per share for the current year.

KTOS has been the topic of a number of research reports. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, September 14th. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, July 19th. B. Riley set a $16.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Monday, October 30th. Jefferies Group LLC increased their price objective on Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 target price on shares of Kratos Defense & Security Solutions in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $13.25.

Kratos Defense & Security Solutions Profile

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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