Rhumbline Advisers Grows Stake in Telos Co. (NASDAQ:TLS)

Rhumbline Advisers raised its stake in Telos Co. (NASDAQ:TLS) by 4,277.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,311 shares of the company’s stock after acquiring an additional 75,545 shares during the period. Rhumbline Advisers owned approximately 0.11% of Telos worth $311,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TLS. B. Riley Wealth Advisors Inc. boosted its position in Telos by 6.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 92,265 shares of the company’s stock worth $384,000 after purchasing an additional 5,200 shares during the last quarter. Fifth Lane Capital LP bought a new position in shares of Telos during the 1st quarter valued at approximately $44,000. SG Americas Securities LLC bought a new position in shares of Telos during the 1st quarter valued at approximately $58,000. Lazard Asset Management LLC bought a new position in shares of Telos during the 1st quarter valued at approximately $58,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Telos by 3.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 699,458 shares of the company’s stock valued at $2,910,000 after acquiring an additional 21,828 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 acquired 158,644 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $2.39 per share, with a total value of $379,159.16. Following the completion of the purchase, the chief executive officer now owns 5,026,925 shares of the company’s stock, valued at approximately $12,014,350.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 12.40% of the company’s stock.

Telos Stock Performance

NASDAQ TLS opened at $3.48 on Friday. The company has a market cap of $249.72 million, a PE ratio of -7.91 and a beta of 0.96. The stock’s 50 day simple moving average is $3.49 and its 200-day simple moving average is $3.71. Telos Co. has a 1-year low of $1.89 and a 1-year high of $5.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.76 and a quick ratio of 4.70.

Telos (NASDAQ:TLS) last announced its quarterly earnings data 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 firm had revenue of $28.50 million for the quarter, compared to the consensus estimate of $26.57 million. As a group, equities research analysts anticipate that Telos Co. will post -0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts 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. BMO Capital Markets cut their target price on Telos from $4.00 to $3.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Telos in a research report on Monday, August 12th. Finally, DA Davidson dropped their price target on Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Telos 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.