Trade Report: Today, Kratos Defense & Security Solutions Inc. (KTOS) Debt Trading 2% Lower

Today, Kratos Defense & Security Solutions Inc. (KTOS) Debt Trading 2% Lower

An issue of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) debt fell 2% against its face value during trading on Thursday. The debt issue has a 7% coupon and will mature on May 15, 2019. The bonds in the issue are now trading at $91.00 and were trading at $94.00 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

Several brokerages have recently weighed in on KTOS. B. Riley reiterated a “buy” rating and issued a $9.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, August 9th. Jefferies Group reiterated a “neutral” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 5th. Finally, Zacks Investment Research cut Kratos Defense & Security Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

Shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) opened at 6.72 on Friday. The company has a market cap of $406.12 million, a price-to-earnings ratio of 21.61 and a beta of 1.23. Kratos Defense & Security Solutions Inc. has a 1-year low of $2.80 and a 1-year high of $7.58. The company’s 50-day moving average price is $6.85 and its 200 day moving average price is $5.20.

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Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.10. The company earned $168.20 million during the quarter, compared to analysts’ expectations of $158.93 million. Kratos Defense & Security Solutions had a negative return on equity of 4.96% and a net margin of 2.80%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) earnings per share. On average, analysts predict that Kratos Defense & Security Solutions Inc. will post ($0.14) earnings per share for the current fiscal year.

In other Kratos Defense & Security Solutions news, Director William A. Hoglund purchased 150,000 shares of the business’s stock in a transaction on Friday, August 12th. The stock was acquired at an average price of $5.89 per share, for a total transaction of $883,500.00. Following the purchase, the director now owns 325,000 shares of the company’s stock, valued at approximately $1,914,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric M. Demarco purchased 8,904 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was acquired at an average price of $5.56 per share, with a total value of $49,506.24. The disclosure for this purchase can be found here. 23.20% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Kratos Defense & Security Solutions by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 151,398 shares of the company’s stock worth $621,000 after buying an additional 2,604 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $143,000. S Squared Technology LLC raised its stake in shares of Kratos Defense & Security Solutions by 89.9% in the second quarter. S Squared Technology LLC now owns 1,362,238 shares of the company’s stock worth $5,585,000 after buying an additional 645,000 shares during the last quarter. State Street Corp raised its stake in shares of Kratos Defense & Security Solutions by 0.7% in the second quarter. State Street Corp now owns 894,684 shares of the company’s stock worth $3,668,000 after buying an additional 6,161 shares during the last quarter. Finally, Spark Investment Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 93.3% in the second quarter. Spark Investment Management LLC now owns 402,147 shares of the company’s stock worth $1,648,000 after buying an additional 194,147 shares during the last quarter. Institutional investors and hedge funds own 66.53% of the company’s stock.

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