As stated in the company’s most recent filing with the SEC, Assenagon Asset Management S.A. reportedly liquidated nearly all of its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) during the third quarter. The institutional investor was left with 21,046 shares of the aerospace company’s stock after selling 170,457 shares of the company’s stock throughout the period in question. The value of Assenagon Asset Management S.A. holdings in Kratos Defense & Security Solutions as of the end of the most recent reporting period was USD 214,000.
There have been transactions with other hedge funds buying and selling business stock. These transactions took place. The percentage of Kratos Defense & Security Solutions that Canal Insurance CO owns increased by 96.3% during the third quarter. As a result of the acquisition of 77,000 additional shares throughout the relevant period, Canal Insurance CO now holds a total of 157,000 shares of the aerospace company’s stock, which have a value of $1,595,000. This brings the company’s total number of shares to 157,000, giving it a total value of $1,595,000. Through the third quarter, Trust Financial Corporation increased the proportion of Kratos Defense & Security Solutions stock that it owned by ten percentage points. After making an additional purchase of 6,311 shares, Trust Financial Corporation now has a total of 69,256 shares of the aerospace company’s stock, which has a value of $703,000. In the third quarter, Kratos Defense & Security Solutions stock owned by Peregrine Capital Management LLC was increased by 14.5%, bringing the total percentage of stock owned by the company to 100%. Peregrine Capital Management LLC, an investment company, now has a total of 609,953 shares of the aerospace company’s stock, which are currently valued at $6,197,000 after purchasing an additional 77,053 shares during the quarter. These shares are currently valued at $6,197,000. The New York-based investment firm Paradigm Capital Management Inc. increased the proportion of Kratos Defense & Security Solutions shares it owned by 10.7% during the third quarter. Following the acquisition of an additional 80,000 shares during the period in question, Paradigm Capital Management Inc. of New York now possesses a total of 828,100 shares of the aerospace company’s stock, which can be estimated to be worth $8,414,000, given the current market price. Last but not least, during the third quarter, Steel Peak Wealth Management LLC invested approximately 510 thousand dollars into Kratos Defense & Security Solutions to increase the number of the company’s holdings in the company. At this time, institutional investors such as hedge funds and other financial organizations own 83.56% of the company’s shares.
On November 14, 8,000 shares of Kratos Defense & Security Solutions stock were reportedly sold by Samuel N. Liberatore, the director of Kratos Defense & Security Solutions. This transaction was reported in other news regarding the company. The price of each share was set at $10.56, which resulted in a total sale volume of $84,480.00. The average price per share was $10.56. Following the completion of the transaction, the director was awarded 1,253 company shares, each of which has a current market value of $13,231.68. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. At present, the company’s employees hold a stake equal to 2.06% of the company’s total shares.
Thursday was the first day that NASDAQ: KTOS was available for trading, and the opening price was $10.67. During the previous year, Kratos Defense & Security Solutions, Inc. experienced a price range that ranged from its all-time low of $8.90 to its all-time high of $22.26. The company has a price-to-earnings ratio of -44.46, and the stock has a beta value of 0.82. Both of these values are negative. The stock is currently valued at $1.34 billion on the market. The company’s price has a moving average of over the past 50 days, $9.86; over the past 200 days, that number has increased to $11.55. The debt-to-equity ratio is 0.31, the current ratio is 2.82, and the quick ratio is 2.25. These are the respective values for each of these ratios.
In a report made available to the general public on November 3, Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) discussed its performance. The aerospace company’s profits per share for the preceding quarter came in at $0.04, which was $0.02 more than the consensus estimate of $0.02 per share for the company’s profits, which were $0.02 per share. Kratos Defense & Security Solutions had a negative net margin of 3.63%, but the return on equity for the company was positive by an amount of 1.90%. The actual revenue the company brought in for the quarter was $228.60 million, which is higher than the $227.06 million in revenue projected for the company throughout the quarter. According to the forecasts provided by analysts in the relevant industry, Kratos Defense & Security Solutions, Inc.’s current financial year should result in a profit of $0.01 per share for the company.
Many scholarly investigations have been carried out, with KTOS as the primary topic of discussion. In a research note released on Thursday, October 6, by TheStreet, the rating for Kratos Defense & Security Solutions was changed from “c-” to “d+,” reflecting a downward movement in the firm’s overall standing. StockNews.com debuted its coverage of Kratos Defense & Security Solutions on October 12 by publishing a research note on the company. The note was about Kratos Defense & Security Solutions and marked the beginning of the website’s company coverage. They recommended that shareholders “hold” their shares of the company. Goldman Sachs Group decreased the price target for Kratos Defense & Security Solutions in a report published on Wednesday, October 12. The new price target is $15.00, a drop from the previous price target of $17.00. The investment firm also gave the company’s stock a “neutral” rating. Canaccord Genuity Group lowered its recommendation for Kratos Defense & Security Solutions on November 4, changing it from a “buy” rating to a “hold” rating. This news was made public in a report that day. In addition, during the same period, the company dropped its price target for the company down to $11.50 from a previous estimate.