Nuveen LLC Acquires New Position in Telos Corporation $TLS

Key Points

• Nuveen LLC has acquired 191,831 shares of Telos Corporation (NASDAQ: TLS), valued at approximately $457,000, giving them a 0.26% ownership stake.
• The stock is currently trading at $6.57, with significant movements noted in its price and daily trading averages, such as a 52-week high of $6.76 and a low of $1.83.
• Analysts have recently upgraded Telos from a "hold" to a "buy" rating, with several firms adjusting their price targets upward, reflecting increased investor confidence.

Nuveen LLC bought a new stake in shares of Telos Corporation (NASDAQ:TLS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 191,831 shares of the company's stock, valued at approximately $457,000. Nuveen LLC owned approximately 0.26% of Telos as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TLS. NBC Securities Inc. grew its stake in Telos by 100,808.3% during the first quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock valued at $28,000 after acquiring an additional 12,097 shares in the last quarter. ProShare Advisors LLC grew its stake in Telos by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,512 shares of the company's stock valued at $53,000 after acquiring an additional 5,105 shares in the last quarter. Alpha Wealth Funds LLC purchased a new position in Telos during the fourth quarter valued at $69,000. Invesco Ltd. grew its stake in Telos by 51.3% during the first quarter. Invesco Ltd. now owns 40,042 shares of the company's stock valued at $95,000 after acquiring an additional 13,584 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Telos by 25.0% during the fourth quarter. MetLife Investment Management LLC now owns 34,017 shares of the company's stock valued at $116,000 after acquiring an additional 6,812 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO John B. Wood sold 200,000 shares of Telos stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $6.55, for a total transaction of $1,310,000.00. Following the completion of the transaction, the chief executive officer directly owned 4,984,365 shares of the company's stock, valued at approximately $32,647,590.75. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Maluda sold 52,595 shares of Telos stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $6.60, for a total transaction of $347,127.00. Following the transaction, the director directly owned 185,387 shares of the company's stock, valued at approximately $1,223,554.20. This represents a 22.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 277,595 shares of company stock valued at $1,813,627. Company insiders own 14.90% of the company's stock.

Telos Trading Up 1.0%

Shares of TLS stock traded up $0.06 during trading hours on Monday, reaching $6.33. 783,184 shares of the stock were exchanged, compared to its average volume of 910,734. Telos Corporation has a 12-month low of $1.83 and a 12-month high of $6.90. The company has a current ratio of 2.65, a quick ratio of 2.55 and a debt-to-equity ratio of 0.06. The company's 50-day moving average price is $4.05 and its 200-day moving average price is $3.13. The firm has a market capitalization of $460.19 million, a price-to-earnings ratio of -8.22 and a beta of 1.04.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TLS. BMO Capital Markets reaffirmed a "market perform" rating and set a $4.50 target price (up from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Wedbush raised their target price on shares of Telos from $4.00 to $6.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. DA Davidson raised their target price on shares of Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Telos from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.83.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.