Sei Investments Co. Has $19.13 Million Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sei Investments Co. lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 724,977 shares of the aerospace company’s stock after selling 56,376 shares during the period. Sei Investments Co. owned approximately 0.48% of Kratos Defense & Security Solutions worth $19,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KTOS. MRP Capital Investments LLC boosted its position in shares of Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after buying an additional 500 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after acquiring an additional 586 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 610 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after purchasing an additional 621 shares during the last quarter. Finally, Hemington Wealth Management lifted its position in shares of Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $31.47 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66. The business’s fifty day moving average is $30.40 and its 200 day moving average is $27.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 314.73 and a beta of 1.12.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Thomas E. Iv Mills sold 8,637 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the sale, the insider now owns 12,215 shares in the company, valued at approximately $331,515.10. This trade represents a 41.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total transaction of $105,960.00. Following the completion of the transaction, the insider now owns 103,430 shares in the company, valued at approximately $2,739,860.70. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KTOS shares. Jefferies Financial Group increased their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Truist Financial upped their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reduced their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

About Kratos Defense & Security Solutions

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.