Marathon Trading Investment Management LLC Lowers Holdings in Telos Co. (NASDAQ:TLS)

Marathon Trading Investment Management LLC decreased its holdings in Telos Co. (NASDAQ:TLS) by 77.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,939 shares of the company’s stock after selling 86,761 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in Telos were worth $100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TLS. Fifth Lane Capital LP purchased a new stake in shares of Telos during the 1st quarter worth about $44,000. SG Americas Securities LLC purchased a new stake in shares of Telos during the 1st quarter worth about $58,000. Lazard Asset Management LLC purchased a new stake in shares of Telos during the 1st quarter worth about $58,000. Quadrature Capital Ltd purchased a new stake in shares of Telos during the 4th quarter worth about $85,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Telos during the 1st quarter worth about $94,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos Stock Performance

NASDAQ TLS opened at $3.35 on Thursday. Telos Co. has a fifty-two week low of $1.87 and a fifty-two week high of $5.03. The business has a 50 day moving average price of $3.57 and a two-hundred day moving average price of $3.72. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.70 and a current ratio of 4.76.

Telos (NASDAQ:TLS) last announced its earnings results on Friday, August 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. Telos had a negative return on equity of 22.81% and a negative net margin of 22.74%. The company had revenue of $28.50 million for the quarter, compared to analyst estimates of $26.57 million. On average, equities analysts predict that Telos Co. will post -0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $5.00 target price on shares of Telos in a report on Thursday, August 29th. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a report on Monday, August 12th. DA Davidson decreased their price target on Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, BMO Capital Markets decreased their price target on Telos from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.50.

Insider Buying and Selling at Telos

In other Telos news, CEO John B. Wood bought 158,644 shares of the business’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $2.39 per share, with a total value of $379,159.16. Following the transaction, the chief executive officer now directly owns 5,026,925 shares in the company, valued at approximately $12,014,350.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.40% of the stock is currently owned by corporate insiders.

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.