Kratos Defense & Security Solutions Inc (KTOS) : S Squared Technology scooped up 645,000 additional shares in Kratos Defense & Security Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,362,238 shares of Kratos Defense & Security Solutions Inc which is valued at $8,364,141.Kratos Defense & Security Solutions Inc makes up approximately 8.36% of S Squared Technology’s portfolio.
Other Hedge Funds, Including , Bogle Investment Management L P De added KTOS to its portfolio by purchasing 143,788 company shares during the most recent quarter which is valued at $882,858. Kratos Defense & Security Solutions Inc makes up approx 0.06% of Bogle Investment Management L P De’s portfolio.Icm Asset Management Incwa reduced its stake in KTOS by selling 3,332 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 307,422 shares of KTOS which is valued at $1,355,731. Kratos Defense & Security Solutions Inc makes up approx 1.84% of Icm Asset Management Incwa’s portfolio. Simplex Trading added KTOS to its portfolio by purchasing 4,956 company shares during the most recent quarter which is valued at $22,500.
Kratos Defense & Security Solutions Inc closed down -0.45 points or -6.05% at $6.99 with 18,95,855 shares getting traded on Monday. Post opening the session at $7.05, the shares hit an intraday low of $6.36 and an intraday high of $7.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Kratos Defense & Security Solutions Inc reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.06. The company had revenue of $168.20 million for the quarter, compared to analysts expectations of $158.93 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on Kratos Defense & Security Solutions Inc. Kratos Defense & Security Solutions Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Aug 29, 2016.
Kratos Defense & Security Solutions Inc. (Kratos) is a technology focused security business providing mission critical products solutions and services for domestic and international customers. The Company operates in three segments: Kratos Government Solutions (KGS) Unmanned Systems Segment (US) and Public Safety & Security (PSS). The US segment provides unmanned aerial ground seaborne and command control and communications system business. The KGS and US segments provide products solutions and services primarily for mission critical national security priorities. The PSS segment provides independent integrated solutions for advanced homeland security public safety critical infrastructure and security and surveillance systems for Government and commercial applications. The Company’s principal products and solutions are related to Command Control Communications Computing Combat Systems Intelligence Surveillance and Reconnaissance (C5ISR).