D. E. Shaw & Co. Inc. lowered its position in Telos Co. (NASDAQ:TLS - Free Report) by 23.9% during the fourth quarter, according to its most recent filing with the SEC. 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 quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its holdings in shares of Telos by 25.0% during the 4th quarter. MetLife Investment Management LLC now owns 34,017 shares of the company's stock worth $116,000 after purchasing an additional 6,812 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Telos during the fourth quarter worth approximately $117,000. Wells Fargo & Company MN boosted its stake in Telos by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 34,877 shares of the company's stock worth $119,000 after buying an additional 4,705 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings 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 buying an additional 10,372 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in Telos in the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 62.14% of the company's stock.
Telos Trading Up 3.3%
NASDAQ:TLS traded up $0.08 on Tuesday, reaching $2.53. 436,748 shares of the company's stock were exchanged, compared to its average volume of 631,717. The firm has a market capitalization of $185.92 million, a price-to-earnings ratio of -3.61 and a beta of 0.95. Telos Co. has a 52-week low of $1.83 and a 52-week high of $5.03. 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 business has a fifty day moving average of $2.53 and a 200-day moving average of $3.01.
Telos (NASDAQ:TLS - Get Free Report) last released its 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 business had revenue of $26.37 million for the quarter, compared to analyst estimates of $25.55 million. Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. During the same quarter last year, the company earned ($0.09) earnings per share. As a group, analysts expect that Telos Co. will post -0.68 earnings per share for the current year.
Analyst Ratings Changes
TLS has been the topic of several recent analyst reports. BMO Capital Markets decreased their target price on shares of Telos from $3.00 to $2.25 and set a "market perform" rating on the stock in a report on Monday, May 12th. DA Davidson reduced their price objective on shares of Telos from $3.50 to $2.50 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Telos in a research note on Wednesday, March 12th. Wedbush restated an "outperform" rating and issued a $6.00 price objective on shares of Telos in a report on Tuesday, March 11th. Finally, Wall Street Zen raised shares of Telos from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $3.94.
Read Our Latest Report on Telos
About Telos
(
Free Report)
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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