Federated Hermes Inc. Lowers Position in Telos Co. (NASDAQ:TLS)

Federated Hermes Inc. cut its holdings in Telos Co. (NASDAQ:TLS) by 17.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,330 shares of the company’s stock after selling 106,689 shares during the quarter. Federated Hermes Inc. owned 0.70% of Telos worth $2,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Lane Capital LP purchased a new position in shares of Telos in the 1st quarter valued at about $44,000. SG Americas Securities LLC purchased a new position in Telos in the first quarter valued at about $58,000. Lazard Asset Management LLC acquired a new stake in shares of Telos during the 1st quarter valued at approximately $58,000. Quadrature Capital Ltd purchased a new stake in shares of Telos during the 4th quarter worth approximately $85,000. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of Telos in the 1st quarter worth approximately $94,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $5.00 price objective on shares of Telos in a report on Thursday, August 29th. BMO Capital Markets cut their price target on Telos from $4.00 to $3.00 and set a “market perform” rating for the company in a research note on Tuesday, August 13th. DA Davidson lowered their price objective on shares of Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Telos in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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 acquired 158,644 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $2.39 per share, for a total transaction of $379,159.16. Following the completion of the acquisition, the chief executive officer now directly owns 5,026,925 shares of the company’s stock, valued at $12,014,350.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.40% of the stock is currently owned by insiders.

Telos Price Performance

Shares of NASDAQ:TLS opened at $3.67 on Friday. The company has a market capitalization of $265.19 million, a P/E ratio of -8.34 and a beta of 0.96. The stock’s fifty day simple moving average is $3.56 and its 200-day simple moving average is $3.72. Telos Co. has a 52-week low of $1.87 and a 52-week high of $5.03. The company has a quick ratio of 4.70, a current ratio of 4.76 and a debt-to-equity ratio of 0.06.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. Telos had a negative net margin of 22.74% and a negative return on equity of 22.81%. The business had revenue of $28.50 million during the quarter, compared to analyst estimates of $26.57 million. As a group, equities research analysts forecast that Telos Co. will post -0.72 earnings per share 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.