Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stake Raised by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 116.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 456,133 shares of the aerospace company’s stock after buying an additional 245,374 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Kratos Defense & Security Solutions were worth $12,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of KTOS. Rockefeller Capital Management L.P. grew its position in Kratos Defense & Security Solutions by 273.4% in the second quarter. Rockefeller Capital Management L.P. now owns 956 shares of the aerospace company’s stock worth $27,000 after buying an additional 700 shares during the last quarter. Sowell Financial Services LLC grew its position in Kratos Defense & Security Solutions by 182.3% in the first quarter. Sowell Financial Services LLC now owns 1,310 shares of the aerospace company’s stock worth $35,000 after buying an additional 846 shares during the last quarter. Marshall Wace LLP acquired a new position in Kratos Defense & Security Solutions in the first quarter worth approximately $35,000. Quantbot Technologies LP acquired a new position in Kratos Defense & Security Solutions in the 1st quarter worth approximately $42,000. Finally, Arkadios Wealth Advisors acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Shares of KTOS opened at $21.94 on Wednesday. The company has a market capitalization of $2.72 billion, a PE ratio of 33.46 and a beta of 0.80. Kratos Defense & Security Solutions, Inc. has a one year low of $17.76 and a one year high of $34.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.35. The company’s fifty day moving average price is $25.00 and its 200 day moving average price is $25.92.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, August 3rd. The aerospace company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $205.10 million for the quarter, compared to the consensus estimate of $200.47 million. Kratos Defense & Security Solutions had a net margin of 10.34% and a return on equity of 2.81%. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.13 earnings per share for the current year.

A number of research firms recently commented on KTOS. Alembic Global Advisors raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a research note on Thursday, August 5th. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the company from $28.00 to $32.00 in a research note on Monday, July 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $28.25.

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $24.95, for a total value of $174,650.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP De Burgreen Maria Cervantes sold 8,015 shares of the business’s stock in a transaction dated Tuesday, June 29th. The shares were sold at an average price of $30.00, for a total transaction of $240,450.00. The disclosure for this sale can be found here. In the last three months, insiders sold 119,759 shares of company stock worth $3,128,766. 1.83% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.

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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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