Harvest Fund Management Co. Ltd Makes New $73,000 Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Harvest Fund Management Co. Ltd purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,762 shares of the aerospace company’s stock, valued at approximately $73,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System boosted its position in Kratos Defense & Security Solutions by 1.4% during the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after purchasing an additional 586 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 valued at $34,000 after buying an additional 610 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after buying an additional 621 shares in the last quarter. Hemington Wealth Management grew its position in shares of Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its stake in shares of Kratos Defense & Security Solutions by 7.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company’s stock worth $249,000 after acquiring an additional 655 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Jefferies Financial Group upped their target price on 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 lowered 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. Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Insiders Place Their Bets

In related news, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total transaction of $105,960.00. Following the sale, 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 this hyperlink. Also, CEO Eric M. Demarco purchased 9,500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $26.35 per share, with a total value of $250,325.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,267,482 shares of the company’s stock, valued at $33,398,150.70. This trade represents a 0.76 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 110,196 shares of company stock valued at $3,144,160. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 2.8 %

NASDAQ:KTOS opened at $30.81 on Monday. The firm has a market capitalization of $4.71 billion, a P/E ratio of 308.13 and a beta of 1.12. The company’s fifty day moving average price is $30.45 and its 200-day moving average price is $27.09. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66. 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 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.