Tocqueville Asset Management L.P. Acquires New Position in Telos Co. (NASDAQ:TLS)

Tocqueville Asset Management L.P. bought a new position in shares of Telos Co. (NASDAQ:TLS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 395,000 shares of the company’s stock, valued at approximately $1,351,000. Tocqueville Asset Management L.P. owned 0.55% of Telos as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TLS. EP Wealth Advisors LLC purchased a new position in shares of Telos in the third quarter valued at $3,665,000. State Street Corp grew its holdings in Telos by 27.0% during the 3rd quarter. State Street Corp now owns 933,156 shares of the company’s stock valued at $3,350,000 after buying an additional 198,676 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Telos by 28.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company’s stock valued at $3,015,000 after buying an additional 186,059 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Telos by 23.3% during the third quarter. Pathstone Holdings LLC now owns 496,441 shares of the company’s stock valued at $1,782,000 after buying an additional 93,829 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Telos in the third quarter worth about $240,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Telos from $4.50 to $3.00 and set a “market perform” rating for the company in a research note on Tuesday, March 11th. DA Davidson reduced their price target on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research report on Wednesday, March 12th. Finally, Wedbush restated an “outperform” rating and set a $6.00 target price on shares of Telos in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.13.

Telos Price Performance

TLS stock opened at $2.71 on Thursday. The firm has a 50 day simple moving average of $3.13 and a two-hundred day simple moving average of $3.39. The stock has a market cap of $196.62 million, a PE ratio of -3.87 and a beta of 0.90. Telos Co. has a one year low of $1.89 and a one year high of $5.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.64 and a quick ratio of 3.59.

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

Telos 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.