Charles Schwab Investment Management Inc. Has $1.03 Million Position in Telos Corporation $TLS

Charles Schwab Investment Management Inc. cut its holdings in shares of Telos Corporation (NASDAQ:TLS) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,133 shares of the company’s stock after selling 11,340 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.58% of Telos worth $1,031,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 3,296,586 shares during the period. Acuitas Investments LLC bought a new stake in Telos in the 1st quarter valued at $1,085,000. Dimensional Fund Advisors LP boosted its stake in Telos by 16.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,145,861 shares of the company’s stock valued at $3,919,000 after purchasing an additional 162,549 shares during the period. GSA Capital Partners LLP boosted its stake in Telos by 35.1% in the 1st quarter. GSA Capital Partners LLP now owns 482,171 shares of the company’s stock valued at $1,148,000 after purchasing an additional 125,172 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in Telos in the 4th quarter valued at $211,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Price Performance

Shares of TLS stock opened at $6.18 on Tuesday. The company has a quick ratio of 2.55, a current ratio of 2.65 and a debt-to-equity ratio of 0.06. Telos Corporation has a twelve month low of $1.83 and a twelve month high of $6.76. The company has a market cap of $449.29 million, a P/E ratio of -8.03 and a beta of 1.04. The business has a fifty day simple moving average of $3.76 and a 200 day simple moving average of $3.05.

Insider Buying and Selling at Telos

In related news, Director John W. Maluda sold 52,595 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $6.60, for a total transaction of $347,127.00. Following the completion of the sale, the director directly owned 185,387 shares in the company, valued at $1,223,554.20. This represents a 22.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley W. Jacobs sold 25,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $6.26, for a total value of $156,500.00. Following the sale, the director owned 188,293 shares of the company’s stock, valued at approximately $1,178,714.18. This represents a 11.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. DA Davidson raised their target price on shares of Telos from $2.25 to $4.00 and gave the stock a “neutral” rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Telos from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Wedbush raised their target price on shares of Telos from $4.00 to $6.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $4.50 target price (up from $2.25) on shares of Telos in a research report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.83.

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.