Public Employees Retirement System of Ohio Raises Stock Position in Telos Corporation $TLS

Public Employees Retirement System of Ohio raised its stake in shares of Telos Corporation (NASDAQ:TLS) by 69.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,649 shares of the company’s stock after purchasing an additional 10,100 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Telos were worth $78,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TLS. NBC Securities Inc. increased its position in Telos by 100,808.3% during the 1st quarter. NBC Securities Inc. now owns 12,109 shares of the company’s stock valued at $28,000 after purchasing an additional 12,097 shares during the period. OLD Mission Capital LLC purchased a new position in Telos during the 1st quarter valued at $30,000. AQR Capital Management LLC purchased a new position in Telos during the 1st quarter valued at $39,000. NewEdge Advisors LLC increased its position in Telos by 28.7% during 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. Finally, Invesco Ltd. increased its position in Telos by 51.3% during the 1st quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock valued at $95,000 after purchasing an additional 13,584 shares during the period. 62.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Telos

In other news, CEO John B. Wood sold 200,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $6.55, for a total value of $1,310,000.00. Following the transaction, the chief executive officer owned 4,984,365 shares in the company, valued at $32,647,590.75. This represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bradley W. Jacobs sold 25,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $6.26, for a total transaction of $156,500.00. Following the completion of the transaction, the director owned 188,293 shares in the company, valued at $1,178,714.18. This trade represents a 11.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 537,544 shares of company stock worth $3,579,041. 14.90% of the stock is owned by company insiders.

Telos Price Performance

TLS opened at $7.21 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65. The stock has a market capitalization of $524.17 million, a P/E ratio of -9.36 and a beta of 1.07. The company’s 50-day simple moving average is $5.77 and its two-hundred day simple moving average is $3.74. Telos Corporation has a 52-week low of $1.83 and a 52-week high of $7.33.

Wall Street Analyst Weigh In

TLS has been the topic of a number of recent research reports. DA Davidson upped their target price on shares of Telos from $2.25 to $4.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 12th. Wedbush upped their target price on shares of 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 raised shares of Telos from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research report on Saturday, September 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $4.50 target price (up from $2.25) on shares of Telos in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.