Acadian Asset Management LLC Has $3.21 Million Stock Position in Telos Corporation $TLS

Acadian Asset Management LLC decreased its stake in Telos Corporation (NASDAQ:TLS) by 5.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,351,196 shares of the company’s stock after selling 75,153 shares during the quarter. Acadian Asset Management LLC owned 1.84% of Telos worth $3,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NewEdge Advisors LLC boosted its position in shares of Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock valued at $43,000 after purchasing an additional 4,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Telos by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company’s stock worth $17,097,000 after acquiring an additional 611,978 shares during the period. AQR Capital Management LLC acquired a new stake in Telos during the 1st quarter worth about $39,000. OLD Mission Capital LLC acquired a new stake in Telos during the 1st quarter worth about $30,000. Finally, Tocqueville Asset Management L.P. boosted its position in Telos by 17.7% during the 1st quarter. Tocqueville Asset Management L.P. now owns 465,000 shares of the company’s stock worth $1,107,000 after acquiring an additional 70,000 shares during the period. Institutional investors and hedge funds own 62.14% of the company’s stock.

Telos Stock Down 3.0%

Shares of TLS stock opened at $6.74 on Monday. The stock’s 50 day simple moving average is $4.40 and its 200 day simple moving average is $3.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65. Telos Corporation has a twelve month low of $1.83 and a twelve month high of $7.06. The company has a market capitalization of $490.00 million, a price-to-earnings ratio of -8.75 and a beta of 1.04.

Insiders Place Their Bets

In related news, CEO John B. Wood sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $6.55, for a total value of $1,310,000.00. Following the transaction, the chief executive officer directly owned 4,984,365 shares of the company’s stock, valued at approximately $32,647,590.75. This trade represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Maluda sold 52,595 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $6.60, for a total value of $347,127.00. Following the completion of the transaction, the director directly owned 185,387 shares in the company, valued at $1,223,554.20. The trade was a 22.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 537,544 shares of company stock worth $3,579,041 in the last three months. 14.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Telos 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.