Nationwide Fund Advisors cut its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 28.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,513 shares of the aerospace company’s stock after selling 15,855 shares during the quarter. Nationwide Fund Advisors’ holdings in Kratos Defense & Security Solutions were worth $481,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake 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 buying an additional 534,190 shares in the last quarter. State Street Corp boosted its position in Kratos Defense & Security Solutions by 48.7% during the first quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after purchasing an additional 691,425 shares in the last quarter. SG Capital Management LLC purchased a new stake in Kratos Defense & Security Solutions during the second quarter worth $15,458,000. Geode Capital Management LLC boosted its position in Kratos Defense & Security Solutions by 43.4% during the first quarter. Geode Capital Management LLC now owns 580,932 shares of the aerospace company’s stock worth $4,519,000 after purchasing an additional 175,879 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Kratos Defense & Security Solutions by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 496,044 shares of the aerospace company’s stock worth $5,888,000 after purchasing an additional 33,538 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $12.00 target price on shares of Kratos Defense & Security Solutions in a research report on Monday, October 2nd. BidaskClub upgraded Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 14th. Finally, Drexel Hamilton assumed coverage on Kratos Defense & Security Solutions in a research report on Tuesday, August 15th. They set a “buy” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.25.

TRADEMARK VIOLATION NOTICE: This piece was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/nationwide-fund-advisors-has-481000-position-in-kratos-defense-security-solutions-inc-ktos/1679753.html.

Kratos Defense & Security Solutions, Inc. (KTOS) opened at $10.99 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.00 and a quick ratio of 1.67.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.03. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 3.39%. The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $186.27 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.01 EPS for the current fiscal year.

In related news, CEO Eric M. Demarco purchased 8,905 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $11.19 per share, with a total value of $99,646.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.20% of the company’s stock.

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.

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

Receive News & Ratings for Kratos Defense & Security Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.