Victory Capital Management Inc. Purchases 92,845 Shares of Telos Co. (NASDAQ:TLS)

Victory Capital Management Inc. boosted its position in shares of Telos Co. (NASDAQ:TLSGet 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

TLS stock opened at $8.71 on Friday. The firm has a 50 day moving average price of $8.39 and a 200-day moving average price of $9.25. Telos Co. has a 52-week low of $6.54 and a 52-week high of $34.68. The firm has a market capitalization of $591.13 million, a price-to-earnings ratio of -13.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.37 and a current ratio of 3.41.

Telos (NASDAQ:TLSGet 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.

About Telos

(Get Rating)

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.

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Institutional Ownership by Quarter for Telos (NASDAQ:TLS)

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