Jacobs Levy Equity Management Inc. Sells 112,713 Shares of Telos Corporation $TLS

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

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Telos by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,660 shares of the company's stock valued at $189,000 after buying an additional 11,980 shares during the last quarter. NBC Securities Inc. lifted its holdings in Telos by 100,808.3% during the first quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock worth $28,000 after acquiring an additional 12,097 shares during the period. American Century Companies Inc. lifted its holdings in Telos by 12.8% during the first quarter. American Century Companies Inc. now owns 108,217 shares of the company's stock worth $258,000 after acquiring an additional 12,284 shares during the period. Deutsche Bank AG lifted its holdings in 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 acquiring an additional 11,037 shares during the period. Finally, Bank of America Corp DE lifted its holdings in 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 acquiring an additional 36,778 shares during the period. Hedge funds and other institutional investors own 62.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TLS shares. DA Davidson lifted their price target on Telos from $2.25 to $4.00 and gave the stock a "neutral" rating in a 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. BMO Capital Markets restated a "market perform" rating and issued a $4.50 target price (up from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Finally, Wedbush boosted their target price on Telos from $4.00 to $6.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Telos presently has an average rating of "Hold" and a consensus price target of $4.83.

Telos Price Performance

TLS stock traded down $0.07 during mid-day trading on Tuesday, reaching $6.67. 541,292 shares of the company traded hands, compared to its average volume of 1,242,664. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.65 and a quick ratio of 2.55. The company has a market capitalization of $484.91 million, a P/E ratio of -8.66 and a beta of 1.06. Telos Corporation has a 52-week low of $1.83 and a 52-week high of $7.06. The company has a fifty day moving average price of $4.54 and a 200-day moving average price of $3.31.

Insider Buying and Selling at Telos

In other Telos news, Director Derrick D. Dockery sold 4,500 shares of Telos stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.87, for a total transaction of $30,915.00. Following the completion of the transaction, the director owned 182,600 shares of the company's stock, valued at $1,254,462. The trade was a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John B. Wood sold 200,000 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $6.55, for a total value of $1,310,000.00. Following the completion of the transaction, the chief executive officer owned 4,984,365 shares in the company, valued at $32,647,590.75. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 537,544 shares of company stock worth $3,579,041. 14.90% of the stock is owned by corporate insiders.

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.