Renaissance Technologies LLC grew its position in Telos Corporation (NASDAQ:TLS – Free Report) by 29.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,118,914 shares of the company’s stock after buying an additional 256,014 shares during the quarter. Renaissance Technologies LLC owned 1.50% of Telos worth $4,688,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers raised its holdings in shares of Telos by 3.4% in the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after acquiring an additional 2,740 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Telos by 12.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock worth $190,000 after acquiring an additional 3,100 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Telos by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock valued at $347,000 after purchasing an additional 3,715 shares during the period. American Century Companies Inc. increased its position in Telos by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after purchasing an additional 3,889 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock valued at $43,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 62.14% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research note on Friday, July 17th. Needham & Company LLC initiated coverage on Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price for the company. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.10.
Telos Stock Performance
TLS stock opened at $4.57 on Friday. Telos Corporation has a one year low of $2.37 and a one year high of $8.36. The firm has a market cap of $341.93 million, a price-to-earnings ratio of -13.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.59. The firm has a 50-day simple moving average of $4.61 and a two-hundred day simple moving average of $4.54.
Telos (NASDAQ:TLS – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. The firm had revenue of $47.74 million for the quarter, compared to the consensus estimate of $44.62 million. On average, equities analysts forecast that Telos Corporation will post -0.21 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Bradley W. Jacobs sold 55,772 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the transaction, the director directly owned 166,612 shares of the company’s stock, valued at $718,097.72. This represents a 25.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Derrick D. Dockery sold 8,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.78, for a total value of $38,240.00. Following the completion of the sale, the director owned 186,591 shares of the company’s stock, valued at approximately $891,904.98. This trade represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 320,772 shares of company stock valued at $1,386,488. 14.90% of the stock is currently owned by insiders.
About Telos
Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.
Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.
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