Victory Capital Management Inc. boosted its position in shares of Telos Co. (NASDAQ:TLS – Get Rating) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,731,086 shares of the company’s stock after buying an additional 92,845 shares during the quarter. Victory Capital Management Inc. owned approximately 2.55% of Telos worth $17,210,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new stake in Telos in the first quarter worth about $703,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Telos by 175.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,392 shares of the company’s stock valued at $74,000 after acquiring an additional 4,708 shares in the last quarter. Masters Capital Management LLC boosted its position in Telos by 41.8% during the 4th quarter. Masters Capital Management LLC now owns 1,500,000 shares of the company’s stock valued at $23,130,000 after acquiring an additional 441,900 shares in the last quarter. Squarepoint Ops LLC boosted its position in Telos by 24.7% during the 4th quarter. Squarepoint Ops LLC now owns 146,979 shares of the company’s stock valued at $2,266,000 after acquiring an additional 29,150 shares in the last quarter. Finally, Wynnefield Capital Inc. boosted its position in Telos by 57.1% during the 4th quarter. Wynnefield Capital Inc. now owns 55,000 shares of the company’s stock valued at $848,000 after acquiring an additional 20,000 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
TLS has been the topic of several research reports. Northland Securities set a $11.00 price objective on Telos in a research report on Monday, June 27th. B. Riley cut their price objective on Telos from $12.50 to $10.50 in a research report on Wednesday, May 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.
Telos Price Performance
Telos (NASDAQ:TLS – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.04. Telos had a negative net margin of 18.82% and a negative return on equity of 25.86%. The firm had revenue of $50.16 million during the quarter, compared to analyst estimates of $45.47 million. Equities research analysts forecast that Telos Co. will post -0.82 EPS for the current fiscal year.
Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.
- Get a free copy of the StockNews.com research report on Telos (TLS)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for Telos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telos and related companies with MarketBeat.com's FREE daily email newsletter.