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Many Top Hedge Funds Dove Into This Defense Contractor Stock In Q2 Amid Its Meteoric Rise

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Michelle deBoer-Jones
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Kratos Defense & Security Solutions KTOS
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Investors have been keeping an eye on defense stocks lately amid the government shutdown, but there’s at least one name that’s holding up rather well after returning more than 200% year to date. The company is off just 2% over the last month versus a 5% drop in defense major Boeing.

Here’s why hedge funds are bullish on the company even after its stock price has skyrocketed.

Also see: This Auto Dealer Stock Has Caught the Attention of Top Emerging Funds – Will It Pay Off for the Bulls?

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.