JPMorgan Chase & Co. Boosts Stake in Telos Co. (NASDAQ:TLS)

JPMorgan Chase & Co. boosted its position in shares of Telos Co. (NASDAQ:TLS - Free Report) by 75.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 299,206 shares of the company's stock after acquiring an additional 128,507 shares during the quarter. JPMorgan Chase & Co. owned about 0.41% of Telos worth $1,023,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in shares of Telos during the 4th quarter valued at about $117,000. American Century Companies Inc. boosted its position in Telos by 7.9% in the 4th quarter. American Century Companies Inc. now owns 95,933 shares of the company's stock worth $328,000 after purchasing an additional 7,015 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Telos during the 4th quarter worth approximately $1,351,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Telos by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,473 shares of the company's stock valued at $1,520,000 after purchasing an additional 21,248 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of 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 period. Hedge funds and other institutional investors own 62.14% of the company's stock.

Telos Price Performance

TLS stock traded up $0.06 during midday trading on Friday, reaching $2.80. The stock had a trading volume of 86,058 shares, compared to its average volume of 547,049. Telos Co. has a 52-week low of $1.89 and a 52-week high of $5.03. The company has a market cap of $209.26 million, a price-to-earnings ratio of -4.01 and a beta of 0.98. The company's fifty day simple moving average is $2.63 and its 200 day simple moving average is $3.18. The company has a current ratio of 3.64, a quick ratio of 3.59 and a debt-to-equity ratio of 0.06.

Telos (NASDAQ:TLS - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). The business had revenue of $26.37 million during the quarter, compared to analyst estimates 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 previous year, the company posted ($0.09) EPS. As a group, sell-side analysts predict that Telos Co. will post -0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

TLS has been the subject of a number of recent analyst reports. BMO Capital Markets cut their price objective on shares of Telos from $4.50 to $3.00 and set a "market perform" rating for the company in a report on Tuesday, March 11th. DA Davidson reduced their price target on Telos from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Wedbush reissued an "outperform" rating and issued a $6.00 price objective on shares of Telos in a report on Tuesday, March 11th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Telos in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $4.13.

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.