Stifel Financial Corp Decreases Stake in Telos Co. (NASDAQ:TLS)

Stifel Financial Corp trimmed its position in Telos Co. (NASDAQ:TLS) by 7.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,851 shares of the company’s stock after selling 4,047 shares during the period. Stifel Financial Corp owned 0.07% of Telos worth $164,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TLS. Barclays PLC boosted its holdings in Telos by 3.7% during the fourth quarter. Barclays PLC now owns 9,523,032 shares of the company’s stock worth $32,569,000 after buying an additional 342,076 shares in the last quarter. Geode Capital Management LLC lifted its position in Telos by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company’s stock worth $4,649,000 after buying an additional 4,715 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Telos by 16.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,145,861 shares of the company’s stock worth $3,919,000 after buying an additional 162,549 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Telos by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,473 shares of the company’s stock valued at $1,520,000 after purchasing an additional 21,248 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Telos during the 4th quarter valued at $1,351,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TLS. DA Davidson dropped their target price on shares of Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. BMO Capital Markets cut their price target on shares of Telos from $3.00 to $2.25 and set a “market perform” rating for the company in a report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Telos in a research note on Wednesday, March 12th. Finally, Wedbush reissued an “outperform” rating and set a $6.00 price target on shares of Telos in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3.94.

Telos Trading Up 0.8%

Shares of Telos stock opened at $2.64 on Friday. The firm’s 50 day moving average is $2.55 and its 200 day moving average is $3.10. The company has a current ratio of 3.64, a quick ratio of 3.59 and a debt-to-equity ratio of 0.06. Telos Co. has a 1 year low of $1.83 and a 1 year high of $5.03. The firm has a market capitalization of $197.66 million, a PE ratio of -3.77 and a beta of 0.95.

Telos (NASDAQ:TLS) last issued its quarterly 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). Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. The firm had revenue of $26.37 million during the quarter, compared to analyst estimates of $25.55 million. During the same quarter last year, the firm posted ($0.09) EPS. Equities research analysts forecast that Telos Co. will post -0.68 earnings per share for the current fiscal year.

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.