Renaissance Technologies LLC purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 182,599 shares of the aerospace company stock, valued at approximately $ 3,542,000. Renaissance Technologies LLC owned approximately 0.15% of Kratos Defense & Security Solutions at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of KTOS. Charles Schwab Investment Management Inc. boosted its position in shares of Kratos Defense & Security Solutions by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,194 shares of the aerospace company stock valued at $ 18,900,000 after buying an additional 48,369 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at $ 269,000. Catalyst Capital Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 14.6% during the fourth quarter. Catalyst Capital Advisors LLC now owns 129,870 shares of the aerospace company stock valued at $ 2,519,000 after buying an additional 16,550 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Kratos Defense & Security Solutions by 42.3% during the fourth quarter. JPMorgan Chase & Co. now owns 129,570 shares of the aerospace company stock valued at $ 2,513,000 after buying an additional 38,528 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Kratos Defense & Security Solutions by 751.5% during the fourth quarter. Qube Research & Technologies Ltd now owns 98,805 shares of the aerospace company stock valued at $ 1,917,000 after buying an additional 87,201 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company stock.
NASDAQ KTOS opened at $ 14.98 on Thursday. The stock’s 50-day moving average price is $ 16.18 and its 200-day moving average price is $ 17.84. The company has a quick ratio of 2.72, a current ratio of 3.22 and a debt-to-equity ratio of 0.32. Kratos Defense & Security Solutions, Inc. has a 52 week low of $ 12.54 and a 52 week high of $ 30.29. The company has a market capitalization of $ 1.87 billion, a P / E ratio of -99.87 and a beta of 0.80.
Kratos Defense & Security Solutions (NASDAQ: KTOS – Get Rating) last issued its earnings results on Thursday, May 5th. The aerospace company reported $ 0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.02 by $ 0.02. The company had revenue of $ 196.20 million for the quarter, compared to the consensus estimate of $ 197.21 million. Kratos Defense & Security Solutions had a positive return on equity of 2.05% and a negative net margin of 2.43%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $ 0.01 EPS. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.22 EPS for the current year.
In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $ 19.77, for a total value of $ 197,700.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $ 20.59, for a total value of $ 144,130.00. The disclosure for this sale can be found here. Insiders have sold a total of 95,098 shares of company stock worth $ 1,690,737 in the last three months. 2.06% of the stock is owned by corporate insiders.
Several equities research analysts recently commented on the company. Truist Financial raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $ 20.00 price objective on the stock in a research report on Thursday, May 26th. Robert W. Baird raised Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating and set a $ 20.00 target price on the stock in a research report on Thursday, May 12th. Canaccord Genuity Group dropped their target price on Kratos Defense & Security Solutions from $ 28.00 to $ 26.00 in a research report on Wednesday, February 23rd. Finally, StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Sunday, May 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $ 25.22.
Kratos Defense & Security Solutions Company Profile: (Get Rating)
Kratos Defense & Security Solutions, Inc operates as a government contractor of the US Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity / warfare, C5ISR / modular systems, turbine technologies, and defense and rocket support services.
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