Certified Advisory Corp acquired a new position in shares of Telos Co. (NASDAQ:TLS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,793 shares of the company’s stock, valued at approximately $788,000.
A number of other institutional investors have also recently bought and sold shares of the business. Hood River Capital Management LLC bought a new position in Telos in the fourth quarter valued at about $59,484,000. Victory Capital Management Inc. bought a new position in Telos in the fourth quarter valued at about $42,853,000. BlackRock Inc. raised its position in Telos by 276.6% in the first quarter. BlackRock Inc. now owns 1,088,310 shares of the company’s stock valued at $41,268,000 after purchasing an additional 799,292 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Telos in the fourth quarter valued at about $17,731,000. Finally, Whetstone Capital Advisors LLC bought a new position in shares of Telos during the fourth quarter worth about $13,644,000. Hedge funds and other institutional investors own 33.41% of the company’s stock.
In other Telos news, Director Bernard C. Bailey sold 35,712 shares of the firm’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $33.00, for a total value of $1,178,496.00. Following the completion of the sale, the director now owns 48,861 shares of the company’s stock, valued at $1,612,413. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brendan D. Malloy sold 459,065 shares of the firm’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $33.00, for a total value of $15,149,145.00. Following the completion of the sale, the senior vice president now directly owns 211,198 shares of the company’s stock, valued at approximately $6,969,534. The disclosure for this sale can be found here. Insiders sold 3,046,628 shares of company stock valued at $100,538,724 in the last three months. Insiders own 21.30% of the company’s stock.
NASDAQ TLS opened at $32.88 on Monday. The business’s 50 day simple moving average is $33.03. Telos Co. has a one year low of $18.08 and a one year high of $41.84. The firm has a market capitalization of $2.19 billion and a PE ratio of 822.00. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.11.
Telos (NASDAQ:TLS) last announced its quarterly earnings data on Thursday, March 25th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.17. The firm had revenue of $44.90 million during the quarter, compared to analyst estimates of $44.65 million. As a group, sell-side analysts predict that Telos Co. will post 0.33 earnings per share for the current year.
A number of brokerages have recently issued reports on TLS. B. Riley raised their price objective on Telos from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, March 26th. Needham & Company LLC raised their price objective on Telos from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. DA Davidson raised their price objective on Telos from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, March 26th. BMO Capital Markets lowered their price objective on Telos from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, May 18th. They noted that the move was a valuation call. Finally, Northland Securities raised their price objective on Telos from $33.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, March 26th. Eight research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $40.88.
Telos Company Profile
Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.
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