Peregrine Capital Management LLC Has $7.54 Million Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Peregrine Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Rating) by 19.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 730,266 shares of the aerospace company’s stock after buying an additional 120,313 shares during the quarter. Peregrine Capital Management LLC’s holdings in Kratos Defense & Security Solutions were worth $7,536,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KTOS. JPMorgan Chase & Co. lifted its stake in shares of Kratos Defense & Security Solutions by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock worth $3,249,000 after buying an additional 29,108 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Kratos Defense & Security Solutions by 36.0% during the 1st quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock worth $2,117,000 after buying an additional 27,379 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Kratos Defense & Security Solutions by 32.4% during the 1st quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock worth $15,917,000 after buying an additional 190,343 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 54.0% during the 1st quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock worth $1,341,000 after buying an additional 22,960 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 3.2% during the 1st quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock worth $196,054,000 after buying an additional 294,143 shares during the last quarter. Institutional investors and hedge funds own 83.56% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 3.5 %

KTOS stock opened at $12.54 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.49 and a quick ratio of 1.95. Kratos Defense & Security Solutions, Inc. has a 12 month low of $8.90 and a 12 month high of $22.26. The company’s 50-day moving average price is $11.78 and its two-hundred day moving average price is $10.89.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Rating) last released its earnings results on Thursday, February 23rd. The aerospace company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Kratos Defense & Security Solutions had a negative net margin of 4.11% and a positive return on equity of 1.46%. The firm had revenue of $249.30 million for the quarter, compared to analyst estimates of $242.84 million. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Benjamin M. Goodwin sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $102,160.00. Following the transaction, the senior vice president now directly owns 14,370 shares of the company’s stock, valued at approximately $183,504.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KTOS shares. Canaccord Genuity Group raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and raised their price target for the stock from $11.50 to $14.00 in a research report on Friday, February 24th. StockNews.com started coverage on shares of Kratos Defense & Security Solutions in a research report on Thursday. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.79.

Kratos Defense & Security Solutions Company Profile

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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.