Bank of New York Mellon Corp Decreases Position in Telos Co. (NASDAQ:TLS)

Bank of New York Mellon Corp decreased its position in shares of Telos Co. (NASDAQ:TLS) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,645 shares of the company’s stock after selling 12,782 shares during the quarter. Bank of New York Mellon Corp owned 0.17% of Telos worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TLS. White Pine Capital LLC increased its holdings in Telos by 2.1% in the 4th quarter. White Pine Capital LLC now owns 183,207 shares of the company’s stock worth $627,000 after acquiring an additional 3,683 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Telos by 8.1% in the fourth quarter. Rhumbline Advisers now owns 80,281 shares of the company’s stock worth $275,000 after purchasing an additional 6,019 shares during the period. MetLife Investment Management LLC boosted its position in shares of Telos by 81.5% in the third quarter. MetLife Investment Management LLC now owns 27,205 shares of the company’s stock worth $98,000 after purchasing an additional 12,212 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Telos by 15.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 97,535 shares of the company’s stock worth $345,000 after purchasing an additional 13,160 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Telos during the 3rd quarter valued at $49,000. Institutional investors own 62.14% of the company’s stock.

Analysts Set New Price Targets

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

Telos Stock Performance

Shares of NASDAQ TLS opened at $2.46 on Friday. The company has a market capitalization of $178.48 million, a PE ratio of -3.51 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.59 and a current ratio of 3.64. The company’s fifty day moving average price is $3.05 and its 200 day moving average price is $3.35. Telos Co. has a 1 year low of $1.89 and a 1 year high of $5.03.

Telos (NASDAQ:TLS) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company 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 period in the prior year, the business posted ($0.09) earnings per share. On average, research analysts predict that Telos Co. will post -0.68 earnings per share for the current year.

About Telos

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.