Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Sees Large Increase in Short Interest

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Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 7,720,000 shares, an increase of 11.7% from the August 30th total of 6,910,000 shares. Approximately 7.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is currently 5.4 days.

NASDAQ:KTOS traded up $0.50 during midday trading on Wednesday, hitting $19.48. The stock had a trading volume of 819,873 shares, compared to its average volume of 1,260,298. Kratos Defense & Security Solutions has a one year low of $11.91 and a one year high of $25.08. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 114.59, a PEG ratio of 10.91 and a beta of 1.27. The stock has a 50-day moving average of $19.22 and a 200 day moving average of $19.82. The company has a quick ratio of 2.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The company had revenue of $187.90 million for the quarter, compared to analysts’ expectations of $178.72 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Kratos Defense & Security Solutions’s revenue was up 24.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions will post 0.23 earnings per share for the current fiscal year.

In other news, SVP Benjamin M. Goodwin sold 18,700 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $20.12, for a total transaction of $376,244.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David M. Carter sold 14,720 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $19.80, for a total value of $291,456.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 791,932 shares of company stock worth $15,305,451. Insiders own 15.54% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in Kratos Defense & Security Solutions in the first quarter worth approximately $35,000. Truvestments Capital LLC boosted its position in Kratos Defense & Security Solutions by 570.0% during the 3rd quarter. Truvestments Capital LLC now owns 3,350 shares of the aerospace company’s stock valued at $62,000 after acquiring an additional 2,850 shares in the last quarter. Advisory Services Network LLC boosted its position in Kratos Defense & Security Solutions by 795.6% during the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 3,978 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $81,000. Finally, US Bancorp DE boosted its position in Kratos Defense & Security Solutions by 30.6% during the 2nd quarter. US Bancorp DE now owns 3,739 shares of the aerospace company’s stock valued at $85,000 after acquiring an additional 877 shares in the last quarter. 84.20% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on KTOS shares. Robert W. Baird set a $25.00 target price on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research note on Monday, September 23rd. Noble Financial raised Kratos Defense & Security Solutions from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Wednesday, October 2nd. BidaskClub raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Goldman Sachs Group raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $26.00 in a research note on Friday, August 16th. Finally, Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Kratos Defense & Security Solutions currently has an average rating of “Buy” and an average target price of $23.75.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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