Stifel Financial Corp Sells 4,047 Shares of Telos Co. (NASDAQ:TLS)

Stifel Financial Corp trimmed its holdings in shares of Telos Co. (NASDAQ:TLS) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,851 shares of the company’s stock after selling 4,047 shares during the quarter. Stifel Financial Corp’s holdings in Telos were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. lifted its holdings in shares of Telos by 28.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 47,271 shares of the company’s stock worth $162,000 after buying an additional 10,372 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Telos by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 170,699 shares of the company’s stock worth $613,000 after acquiring an additional 18,956 shares in the last quarter. Rhumbline Advisers grew its holdings in Telos by 8.1% during the 4th quarter. Rhumbline Advisers now owns 80,281 shares of the company’s stock worth $275,000 after acquiring an additional 6,019 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Telos by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,473 shares of the company’s stock valued at $1,520,000 after buying an additional 21,248 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Telos by 97.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,680 shares of the company’s stock valued at $220,000 after purchasing an additional 31,904 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TLS. DA Davidson cut 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 Tuesday, March 11th. BMO Capital Markets lowered their price target on shares of Telos from $3.00 to $2.25 and set a “market perform” rating on the stock in a research report on Monday. Wedbush restated an “outperform” rating and issued a $6.00 price objective on shares of Telos in a report on Tuesday, March 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.94.

Telos Trading Up 0.8%

Shares of TLS stock opened at $2.64 on Friday. The stock has a market cap of $197.66 million, a P/E ratio of -3.77 and a beta of 0.95. The business has a fifty day simple moving average of $2.55 and a 200-day simple moving average of $3.10. Telos Co. has a fifty-two week low of $1.83 and a fifty-two week high of $5.03. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06.

Telos (NASDAQ:TLS) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $26.37 million during the quarter, compared to analysts’ expectations of $25.55 million. Telos had a negative net margin of 40.80% and a negative return on equity of 28.19%. During the same quarter last year, the firm earned ($0.09) EPS. On average, analysts forecast that Telos Co. will post -0.68 earnings per share for the current fiscal year.

Telos Company Profile

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.