Telos Co. (NASDAQ:TLS) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in Telos Co. (NASDAQ:TLS) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 632,366 shares of the company’s stock after selling 101,137 shares during the quarter. Federated Hermes Inc.’s holdings in Telos were worth $2,308,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Telos by 5.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 92,265 shares of the company’s stock worth $221,000 after acquiring an additional 5,000 shares during the last quarter. Schechter Investment Advisors LLC acquired a new stake in shares of Telos in the 4th quarter worth $38,000. NBC Securities Inc. acquired a new stake in shares of Telos in the 3rd quarter worth $28,000. Citigroup Inc. increased its stake in shares of Telos by 53.2% in the 3rd quarter. Citigroup Inc. now owns 35,619 shares of the company’s stock worth $85,000 after acquiring an additional 12,369 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Telos in the 3rd quarter worth $56,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Stock Performance

Shares of Telos stock opened at $3.57 on Monday. The business has a 50-day moving average of $3.78 and a 200 day moving average of $3.74. Telos Co. has a 12 month low of $1.53 and a 12 month high of $5.00. The stock has a market capitalization of $261.72 million, a price-to-earnings ratio of -7.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.57 and a quick ratio of 3.54.

Telos (NASDAQ:TLS) last announced its earnings results on Friday, March 15th. The company reported ($0.12) EPS for the quarter, meeting analysts’ consensus estimates of ($0.12). Telos had a negative return on equity of 24.23% and a negative net margin of 23.68%. The company had revenue of $41.06 million during the quarter, compared to analysts’ expectations of $31.97 million. During the same period last year, the business posted ($0.18) EPS. As a group, sell-side analysts forecast that Telos Co. will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TLS has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on Telos from $3.50 to $4.50 and gave the stock a “market perform” rating in a research report on Monday, March 18th. DA Davidson raised their price objective on Telos from $3.25 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Finally, B. Riley raised their price objective on Telos from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Monday, March 18th.

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.