MIG Capital LLC Makes New $345,000 Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MIG Capital LLC bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,079 shares of the aerospace company’s stock, valued at approximately $345,000. Kratos Defense & Security Solutions makes up about 0.0% of MIG Capital LLC’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in KTOS. Jones Financial Companies Lllp increased its position in 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 worth $34,000 after buying an additional 610 shares during the period. Hemington Wealth Management grew 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 worth $35,000 after acquiring an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $53,000. SBI Securities Co. Ltd. purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at $55,000. Finally, MRP Capital Investments LLC boosted its stake in Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 500 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the transaction, the vice president now directly owns 51,121 shares in the company, valued at approximately $1,533,630. This represents a 27.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $28.96, for a total transaction of $115,840.00. Following the sale, the insider now owns 57,267 shares of the company’s stock, valued at approximately $1,658,452.32. The trade was a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,196 shares of company stock worth $3,079,290. Corporate insiders own 2.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KTOS. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada lowered their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Jefferies Financial Group upped their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Finally, JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Kratos Defense & Security Solutions Stock Down 8.5 %

Kratos Defense & Security Solutions stock opened at $27.82 on Friday. The stock’s 50 day moving average price is $29.85 and its 200 day moving average price is $27.68. The company has a market cap of $4.25 billion, a PE ratio of 278.23 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66.

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.