Bank of New York Mellon Corp Boosts Stock Position in Telos Co. (NASDAQ:TLS)

Bank of New York Mellon Corp grew its holdings in shares of Telos Co. (NASDAQ:TLS) by 1,396.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,901 shares of the company’s stock after buying an additional 168,813 shares during the period. Bank of New York Mellon Corp owned 0.25% of Telos worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its holdings in shares of Telos by 6.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 92,265 shares of the company’s stock worth $384,000 after buying an additional 5,200 shares during the last quarter. Fifth Lane Capital LP acquired a new stake in Telos during the 1st quarter worth approximately $44,000. SG Americas Securities LLC purchased a new position in shares of Telos in the 1st quarter valued at approximately $58,000. Lazard Asset Management LLC acquired a new position in shares of Telos in the first quarter valued at approximately $58,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Telos by 3.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 699,458 shares of the company’s stock worth $2,910,000 after purchasing an additional 21,828 shares during the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

Telos Price Performance

Shares of NASDAQ TLS opened at $3.67 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.70 and a current ratio of 4.76. Telos Co. has a 1 year low of $1.87 and a 1 year high of $5.03. The stock’s 50-day simple moving average is $3.56 and its 200-day simple moving average is $3.72. The firm has a market cap of $265.19 million, a price-to-earnings ratio of -8.34 and a beta of 0.96.

Telos (NASDAQ:TLS) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.11. Telos had a negative return on equity of 22.81% and a negative net margin of 22.74%. The business had revenue of $28.50 million during the quarter, compared to the consensus estimate of $26.57 million. As a group, equities analysts anticipate that Telos Co. will post -0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John B. Wood acquired 158,644 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $2.39 per share, for a total transaction of $379,159.16. Following the completion of the purchase, the chief executive officer now directly owns 5,026,925 shares in the company, valued at $12,014,350.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TLS shares. B. Riley reissued a “buy” rating and issued a $5.00 price target on shares of Telos in a report on Thursday, August 29th. Needham & Company LLC reissued a “hold” rating on shares of Telos in a report on Monday, August 12th. BMO Capital Markets decreased their target price on shares of Telos from $4.00 to $3.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 13th. Finally, DA Davidson cut their price target on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Telos has a consensus rating of “Moderate Buy” and an average target price of $4.50.

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.