First Trust Advisors LP Decreases Holdings in Telos Co. (NASDAQ:TLS)

First Trust Advisors LP trimmed its holdings in shares of Telos Co. (NASDAQ:TLS – Get Rating) by 10.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,726,876 shares of the company’s stock after selling 201,601 shares during the period. First Trust Advisors LP owned 2.57% of Telos worth $15,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TLS. Vanguard Group Inc. lifted its holdings in Telos by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 4,523,717 shares of the company’s stock worth $45,101,000 after buying an additional 170,285 shares in the last quarter. BlackRock Inc. lifted its holdings in Telos by 0.5% in the 3rd quarter. BlackRock Inc. now owns 4,014,895 shares of the company’s stock worth $35,692,000 after buying an additional 21,036 shares in the last quarter. Legal & General Group Plc lifted its holdings in Telos by 12.0% in the 2nd quarter. Legal & General Group Plc now owns 2,541,750 shares of the company’s stock worth $20,537,000 after buying an additional 271,347 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in Telos by 32.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 2,288,296 shares of the company’s stock worth $20,343,000 after buying an additional 566,816 shares in the last quarter. Finally, Needham Investment Management LLC lifted its holdings in Telos by 8.2% in the 2nd quarter. Needham Investment Management LLC now owns 1,758,366 shares of the company’s stock worth $14,207,000 after buying an additional 133,966 shares in the last quarter. 60.44% of the stock is owned by hedge funds and other institutional investors.

Telos Trading Down 3.6 %

Shares of NASDAQ:TLS opened at $3.46 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.27 and a debt-to-equity ratio of 0.07. Telos Co. has a fifty-two week low of $3.35 and a fifty-two week high of $12.51. The firm has a 50-day simple moving average of $4.58 and a 200 day simple moving average of $6.62.

Wall Street Analyst Weigh In

A number of brokerages have commented on TLS. B. Riley lowered shares of Telos from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $4.50 to $5.00 in a report on Tuesday, November 15th. Northland Securities lowered shares of Telos from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a research note on Tuesday, January 3rd. DA Davidson cut their target price on shares of Telos to $4.00 in a research note on Tuesday, November 15th. Finally, Needham & Company LLC lowered shares of Telos to a “hold” rating in a research note on Tuesday, November 15th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.67.

Telos Profile

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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.