Bank of New York Mellon Corp Trims Stake in Telos Co. (NASDAQ:TLS)

Bank of New York Mellon Corp lessened its position in shares of Telos Co. (NASDAQ:TLS) by 9.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,645 shares of the company’s stock after selling 12,782 shares during the quarter. Bank of New York Mellon Corp’s holdings in Telos were worth $419,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. White Pine Capital LLC grew its position in Telos by 2.1% during the 4th quarter. White Pine Capital LLC now owns 183,207 shares of the company’s stock worth $627,000 after purchasing an additional 3,683 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Telos by 8.1% during the fourth quarter. Rhumbline Advisers now owns 80,281 shares of the company’s stock worth $275,000 after buying an additional 6,019 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Telos by 81.5% during the third quarter. MetLife Investment Management LLC now owns 27,205 shares of the company’s stock worth $98,000 after buying an additional 12,212 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Telos by 15.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 97,535 shares of the company’s stock valued at $345,000 after acquiring an additional 13,160 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Telos during the 3rd quarter valued at approximately $49,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Telos Trading Down 3.9 %

NASDAQ:TLS opened at $2.46 on Friday. The stock has a market cap of $178.48 million, a price-to-earnings ratio of -3.51 and a beta of 0.90. Telos Co. has a one year low of $1.89 and a one year high of $5.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.59 and a current ratio of 3.64. The business’s 50-day simple moving average is $3.05 and its 200 day simple moving average is $3.35.

Telos (NASDAQ:TLS) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $26.37 million during the quarter, compared to the consensus estimate of $25.55 million. During the same quarter last year, the firm posted ($0.09) earnings per share. As a group, sell-side analysts predict that Telos Co. will post -0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on TLS shares. BMO Capital Markets reduced their target price on shares of Telos from $4.50 to $3.00 and set a “market perform” rating for the company in a research note on Tuesday, March 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Telos in a report on Wednesday, March 12th. DA Davidson cut their target price on Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, Wedbush reissued an “outperform” rating and issued a $6.00 price target on shares of Telos in a report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.13.

About Telos

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.