MRP Capital Investments LLC Raises Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MRP Capital Investments LLC boosted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 28.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,250 shares of the aerospace company’s stock after buying an additional 500 shares during the quarter. MRP Capital Investments LLC’s holdings in Kratos Defense & Security Solutions were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KTOS. Jones Financial Companies Lllp increased its position in shares of Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management increased its position in shares of Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 631 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at about $53,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $53,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Down 2.6 %

KTOS stock opened at $31.70 on Friday. The company has a fifty day moving average price of $30.43 and a 200 day moving average price of $26.96. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.05 and a 12 month high of $35.66. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 317.03 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KTOS. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Jefferies Financial Group lifted their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. 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 stock from $26.00 to $35.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.00.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction 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 directly owns 370,660 shares of the company’s stock, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas E. Iv Mills sold 8,637 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the transaction, the insider now directly owns 12,215 shares in the company, valued at $331,515.10. This represents a 41.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock worth $3,144,160 in the last 90 days. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions 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.