Telos Corporation $TLS Holdings Increased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its stake in Telos Corporation (NASDAQ:TLS – Free Report) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,341,741 shares of the company’s stock after purchasing an additional 113,001 shares during the quarter. Pinnacle Associates Ltd. owned about 3.13% of Telos worth $9,531,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TLS. Globeflex Capital L P acquired a new stake in shares of Telos during the second quarter worth $1,336,000. Renaissance Technologies LLC increased its holdings in Telos by 29.7% in the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock valued at $4,688,000 after purchasing an additional 256,014 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Telos by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company’s stock valued at $5,417,000 after buying an additional 115,884 shares during the period. Bank of New York Mellon Corp acquired a new position in Telos in the second quarter valued at about $533,000. Finally, Waverly Advisors LLC acquired a new position in Telos in the second quarter valued at about $400,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Telos Price Performance

TLS opened at $4.61 on Thursday. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. Telos Corporation has a 12 month low of $3.79 and a 12 month high of $8.36. The company has a fifty day simple moving average of $4.38 and a 200 day simple moving average of $4.46. The stock has a market cap of $344.55 million, a P/E ratio of -21.95 and a beta of 0.96.

Telos (NASDAQ:TLS – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TLS shares. Wedbush lowered Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Thursday, September 10th. Weiss Ratings raised Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wall Street Zen upgraded shares of Telos from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Yorkville Ives assumed coverage on shares of Telos in a research report on Monday, October 5th. They issued an “outperform” rating and a $6.00 price target on the stock. Finally, Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6.42.

Read Our Latest Analysis on TLS

Insiders Place Their Bets

In other Telos news, CEO John Wood sold 96,151 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $4.05, for a total value of $389,411.55. Following the completion of the sale, the chief executive officer directly owned 1,505,867 shares in the company, valued at $6,098,761.35. This represents a 6.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hutchinson Robbins sold 62,398 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total value of $295,142.54. Following the sale, the executive vice president directly owned 589,915 shares in the company, valued at approximately $2,790,297.95. This represents a 9.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 581,549 shares of company stock valued at $2,512,583 over the last ninety days. 14.90% of the stock is owned by insiders.

Telos Company Profile

(Free Report)

Telos Corporation (NASDAQ: TLS) is a cybersecurity and information technology company that helps government and commercial organizations protect digital assets, manage cyber risk and secure access to networks and applications. The company primarily serves U.S. federal agencies, defense and intelligence organizations, critical infrastructure operators and commercial enterprises.

Its offerings include cybersecurity and risk-management solutions, secure networking, identity and access management, cloud security, and related consulting and professional services.

Further Reading

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Institutional Ownership by Quarter for Telos (NASDAQ:TLS)

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