Kratos Defense & Security Solutions Sees Unusually Large Options Volume (KTOS)

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) saw some unusual options trading activity on Monday. Investors acquired 15,080 put options on the stock. This is an increase of approximately 24,223% compared to the average daily volume of 62 put options.

In related news, insider Thomas E. Iv Mills sold 73,372 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $13.19, for a total transaction of $967,776.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bandel L. Carano purchased 10,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, August 7th. The shares were purchased at an average cost of $12.70 per share, with a total value of $127,000.00. The disclosure for this purchase can be found here. 15.60% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Kratos Defense & Security Solutions by 743.9% during the 2nd quarter. FMR LLC now owns 6,045,983 shares of the aerospace company’s stock worth $69,589,000 after acquiring an additional 5,329,583 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $8,908,000. Millennium Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 32.9% during the 1st quarter. Millennium Management LLC now owns 3,346,262 shares of the aerospace company’s stock worth $34,433,000 after acquiring an additional 827,752 shares during the last quarter. SG Capital Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 94.2% during the 2nd quarter. SG Capital Management LLC now owns 896,666 shares of the aerospace company’s stock worth $10,321,000 after acquiring an additional 434,848 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $3,748,000. Institutional investors own 89.56% of the company’s stock.

Several brokerages recently issued reports on KTOS. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 12th. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Noble Financial restated a “buy” rating and issued a $20.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, August 3rd. Canaccord Genuity restated a “buy” rating and issued a $15.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 10th. Finally, ValuEngine upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Kratos Defense & Security Solutions presently has an average rating of “Buy” and a consensus price target of $14.00.

Shares of KTOS stock opened at $14.48 on Tuesday. Kratos Defense & Security Solutions has a 12-month low of $8.90 and a 12-month high of $14.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.59 and a current ratio of 2.89. The company has a market capitalization of $1.46 billion, a P/E ratio of 362.00, a P/E/G ratio of 16.35 and a beta of 2.28.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Thursday, August 2nd. The aerospace company reported $0.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Kratos Defense & Security Solutions had a negative net margin of 5.26% and a positive return on equity of 2.54%. The company had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $147.00 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. equities analysts predict that Kratos Defense & Security Solutions will post 0.12 EPS for the current year.

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 three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. 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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