Telos Co. (NASDAQ:TLS) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its stake in shares of Telos Co. (NASDAQ:TLS) by 71.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,100 shares of the company’s stock after selling 55,100 shares during the period. Two Sigma Advisers LP’s holdings in Telos were worth $76,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TLS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Telos by 100.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,569,612 shares of the company’s stock valued at $22,469,000 after acquiring an additional 3,296,586 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of Telos in the fourth quarter valued at $1,351,000. Barclays PLC lifted its holdings in shares of Telos by 3.7% in the fourth quarter. Barclays PLC now owns 9,523,032 shares of the company’s stock valued at $32,569,000 after purchasing an additional 342,076 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Telos by 16.5% in the fourth 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 during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Telos by 75.3% during the fourth quarter. JPMorgan Chase & Co. now owns 299,206 shares of the company’s stock valued at $1,023,000 after buying an additional 128,507 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TLS has been the subject of several research analyst reports. Wall Street Zen raised Telos from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. DA Davidson reduced their price target on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets lowered their price objective on shares of Telos from $3.00 to $2.25 and set a “market perform” rating on the stock in a research report on Monday, May 12th. Needham & Company LLC reiterated 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 target price on shares of Telos in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.94.

Telos Stock Up 0.7%

Shares of Telos stock opened at $2.75 on Monday. The firm has a market cap of $202.08 million, a price-to-earnings ratio of -3.93 and a beta of 0.90. The stock has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $2.96. Telos Co. has a 52-week low of $1.83 and a 52-week high of $4.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.64 and a quick ratio of 3.59.

Telos (NASDAQ:TLS) last issued its quarterly earnings data on Monday, March 10th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Telos had a negative net margin of 40.80% and a negative return on equity of 28.19%. The business had revenue of $26.37 million for the quarter, compared to the consensus estimate of $25.55 million. During the same period in the previous year, the business posted ($0.09) EPS. On average, equities research analysts expect 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.