Masters Capital Management LLC Sells 100,000 Shares of Telos Co. (NASDAQ:TLS)

Masters Capital Management LLC lowered its stake in Telos Co. (NASDAQ:TLS) by 3.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,900,000 shares of the company’s stock after selling 100,000 shares during the period. Masters Capital Management LLC’s holdings in Telos were worth $11,658,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Inspire Investing LLC purchased a new stake in shares of Telos in the 1st quarter worth about $916,000. Bank of New York Mellon Corp raised its stake in Telos by 1,396.5% in the second quarter. Bank of New York Mellon Corp now owns 180,901 shares of the company’s stock worth $727,000 after buying an additional 168,813 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Telos in the first quarter worth about $247,000. Lazard Asset Management LLC purchased a new stake in Telos in the first quarter worth about $58,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in Telos by 6.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 92,265 shares of the company’s stock valued at $384,000 after acquiring an additional 5,200 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

Telos Stock Down 3.0 %

TLS stock opened at $3.56 on Tuesday. The business’s 50-day moving average is $3.54 and its two-hundred day moving average is $3.72. The company has a market cap of $255.46 million, a price-to-earnings ratio of -8.09 and a beta of 0.96. Telos Co. has a fifty-two week low of $1.87 and a fifty-two week high of $5.03. 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 (NASDAQ:TLS) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.11. The firm had revenue of $28.50 million for the quarter, compared to analysts’ expectations of $26.57 million. Telos had a negative net margin of 22.74% and a negative return on equity of 22.81%. As a group, analysts forecast that Telos Co. will post -0.72 earnings per share for the current year.

Insider Transactions at Telos

In related news, CEO John B. Wood purchased 158,644 shares of Telos stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $2.39 per share, for a total transaction of $379,159.16. Following the completion of the transaction, the chief executive officer now directly owns 5,026,925 shares in the company, valued at approximately $12,014,350.75. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 12.40% of the company’s stock.

Analyst Ratings Changes

TLS has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a report on Monday, August 12th. BMO Capital Markets lowered their price target on shares of Telos from $4.00 to $3.00 and set a “market perform” rating for the company in a research report on Tuesday, August 13th. B. Riley restated a “buy” rating and issued a $5.00 price objective on shares of Telos in a report on Thursday, August 29th. Finally, DA Davidson lowered their target price 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 company’s stock. According to data from MarketBeat.com, the stock has an average 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.