Renaissance Technologies LLC Sells 297,128 Shares of Telos Co. (NASDAQ:TLS)

Renaissance Technologies LLC cut its stake in shares of Telos Co. (NASDAQ:TLS - Free Report) by 24.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 898,872 shares of the company's stock after selling 297,128 shares during the period. Renaissance Technologies LLC owned 1.24% of Telos worth $3,074,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in Telos during the 4th quarter worth $117,000. Wells Fargo & Company MN raised 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 acquiring an additional 4,705 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Telos by 28.1% in the fourth 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. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Telos by 97.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,680 shares of the company's stock valued at $220,000 after purchasing an additional 31,904 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Telos by 20.0% during the fourth quarter. Federated Hermes Inc. now owns 72,000 shares of the company's stock valued at $246,000 after acquiring an additional 12,000 shares during the period. 62.14% of the stock is owned by hedge funds and other institutional investors.

Telos Stock Performance

Shares of TLS stock traded up $0.07 on Tuesday, reaching $2.74. The stock had a trading volume of 162,526 shares, compared to its average volume of 547,067. 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 firm's 50-day moving average is $2.65 and its two-hundred day moving average is $3.19. The firm has a market capitalization of $205.44 million, a price-to-earnings ratio of -3.89 and a beta of 0.98. Telos Co. has a 12 month low of $1.89 and a 12 month high of $5.03.

Telos (NASDAQ:TLS - Get Free Report) last announced 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 in the previous year, the company earned ($0.09) EPS. On average, research analysts expect that Telos Co. will post -0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. DA Davidson cut their price objective on Telos from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Needham & Company LLC restated a "hold" rating on shares of Telos in a report 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, BMO Capital Markets decreased their target price on Telos from $4.50 to $3.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.13.

About Telos

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.