Telos Corporation $TLS Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Telos Corporation (TLS) by 13.2%, with holdings down to $1.77 million after selling over 112,000 shares.
• Various institutional investors have shown significant activity, with Bank of America Corp DE increasing its stake in Telos by 111.5% during the last quarter.
• Recent analyst ratings for Telos indicate an average target price of $4.83, with DA Davidson boosting its price target from $2.25 to $4.00 and Wedbush raising it to $6.00.

Jacobs Levy Equity Management Inc. trimmed its position in shares of Telos Corporation (NASDAQ:TLS - Free Report) by 13.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 743,183 shares of the company's stock after selling 112,713 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.99% of Telos worth $1,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TLS. Bank of America Corp DE grew its position in shares of Telos by 111.5% during the fourth quarter. Bank of America Corp DE now owns 69,761 shares of the company's stock worth $239,000 after buying an additional 36,778 shares in the last quarter. Baird Financial Group Inc. acquired a new position in shares of Telos during the fourth quarter worth about $211,000. Deutsche Bank AG grew its position in shares of Telos by 33.5% during the fourth quarter. Deutsche Bank AG now owns 43,981 shares of the company's stock worth $150,000 after buying an additional 11,037 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Telos by 100.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,569,612 shares of the company's stock worth $22,469,000 after buying an additional 3,296,586 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Telos by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,512 shares of the company's stock worth $53,000 after buying an additional 5,105 shares in the last quarter. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

Telos Stock Down 3.0%

TLS stock traded down $0.21 during trading on Friday, hitting $6.74. 1,159,759 shares of the company's stock were exchanged, compared to its average volume of 1,236,038. The company has a current ratio of 2.65, a quick ratio of 2.55 and a debt-to-equity ratio of 0.06. Telos Corporation has a 52-week low of $1.83 and a 52-week high of $7.06. The business has a 50-day moving average price of $4.40 and a two-hundred day moving average price of $3.25. The stock has a market capitalization of $490.02 million, a price-to-earnings ratio of -8.75 and a beta of 1.06.

Insider Buying and Selling

In other Telos news, Director John W. Maluda sold 52,595 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $6.60, for a total value of $347,127.00. Following the completion of the sale, the director owned 185,387 shares in the company, valued at approximately $1,223,554.20. The trade was a 22.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Fredrick Schaufeld sold 255,449 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $6.79, for a total value of $1,734,498.71. Following the completion of the sale, the director owned 1,338,698 shares of the company's stock, valued at approximately $9,089,759.42. This represents a 16.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 537,544 shares of company stock valued at $3,579,041 in the last 90 days. Company insiders own 14.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TLS shares. DA Davidson boosted their price objective on Telos from $2.25 to $4.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Wedbush boosted their price objective on Telos from $4.00 to $6.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Telos from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, BMO Capital Markets restated a "market perform" rating and set a $4.50 target price (up previously from $2.25) on shares of Telos in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Telos currently has a consensus rating of "Hold" and an average target price of $4.83.

Telos 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.