Telos Co. (NASDAQ:TLS) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its stake in Telos Co. (NASDAQ:TLS - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 589,967 shares of the company's stock after selling 184,928 shares during the period. D. E. Shaw & Co. Inc. owned 0.82% of Telos worth $2,018,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TLS. MetLife Investment Management LLC raised its position in Telos by 25.0% in the 4th quarter. MetLife Investment Management LLC now owns 34,017 shares of the company's stock valued at $116,000 after purchasing an additional 6,812 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Telos in the 4th quarter valued at $117,000. Wells Fargo & Company MN raised its position in Telos by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 34,877 shares of the company's stock valued at $119,000 after purchasing an additional 4,705 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Telos by 28.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 47,271 shares of the company's stock valued at $162,000 after purchasing an additional 10,372 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in Telos in the 4th quarter valued at $211,000. Institutional investors and hedge funds own 62.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets reduced their price target on shares of Telos from $3.00 to $2.25 and set a "market perform" rating for the company in a research report on Monday, May 12th. Wedbush restated an "outperform" rating and set a $6.00 price objective on shares of Telos in a research report on Tuesday, March 11th. Needham & Company LLC restated a "hold" rating on shares of Telos in a research report on Wednesday, March 12th. Finally, DA Davidson cut their price objective on shares of Telos from $3.50 to $2.50 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $3.94.

Telos Stock Performance

Shares of TLS opened at $2.48 on Thursday. The company has a 50-day simple moving average of $2.55 and a 200-day simple moving average of $3.07. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $182.24 million, a PE ratio of -3.54 and a beta of 0.95. Telos Co. has a 52-week low of $1.83 and a 52-week high of $5.03.

Telos (NASDAQ:TLS - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). The company had revenue of $26.37 million during the quarter, compared to analysts' expectations of $25.55 million. Telos had a negative net margin of 40.80% and a negative return on equity of 28.19%. During the same quarter in the prior year, the business earned ($0.09) EPS. Equities research analysts predict that Telos Co. will post -0.68 earnings per share for the current fiscal year.

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.

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