Rovida Investment Management Ltd Purchases Shares of 1,773,655 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rovida Investment Management Ltd bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,773,655 shares of the aerospace company’s stock, valued at approximately $46,789,000. Kratos Defense & Security Solutions makes up 14.6% of Rovida Investment Management Ltd’s investment portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 610 shares in the last quarter. Hemington Wealth Management increased its stake in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the third quarter worth $39,000. Capital Advisors Ltd. LLC bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $53,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $55,000. 75.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KTOS has been the topic of several recent research reports. Jefferies Financial Group raised their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Royal Bank of Canada decreased their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. JPMorgan Chase & Co. increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday. Finally, Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Trading Up 5.6 %

Shares of KTOS opened at $32.53 on Tuesday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66. The business has a 50-day moving average of $30.49 and a 200 day moving average of $27.16. The firm has a market cap of $4.97 billion, a P/E ratio of 325.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the transaction, the insider now directly owns 103,430 shares of the company’s stock, valued at $2,739,860.70. This trade represents a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the transaction, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at approximately $2,057,340.60. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,196 shares of company stock worth $3,144,160 over the last quarter. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Company 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.