Masters Capital Management LLC Lowers Position in Telos Co. (NASDAQ:TLS)

Masters Capital Management LLC cut its stake in shares of Telos Co. (NASDAQ:TLS) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,900,000 shares of the company’s stock after selling 100,000 shares during the period. Masters Capital Management LLC owned about 4.04% of Telos worth $11,658,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts have commented on TLS shares. 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 report on Monday, August 12th. Needham & Company LLC restated a “hold” rating on shares of Telos in a research note on Monday, August 12th. B. Riley reiterated a “buy” rating and issued a $5.00 price objective on shares of Telos in a research note on Thursday, August 29th. Finally, BMO Capital Markets decreased their target price on Telos from $4.00 to $3.00 and set a “market perform” rating for the company in a research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Insider Buying and Selling

In related news, CEO John B. Wood purchased 158,644 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $2.39 per share, for a total transaction of $379,159.16. Following the completion of the transaction, the chief executive officer now directly owns 5,026,925 shares in the company, valued at approximately $12,014,350.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 12.40% of the stock is currently owned by insiders.

Telos Stock Performance

Shares of TLS stock opened at $3.56 on Tuesday. The firm’s 50 day moving average is $3.54 and its 200 day moving average is $3.72. The stock has a market capitalization of $255.46 million, a P/E ratio of -8.09 and a beta of 0.96. Telos Co. has a 12 month low of $1.87 and a 12 month high of $5.03. The company has a current ratio of 4.76, a quick ratio of 4.70 and a debt-to-equity ratio of 0.06.

Telos (NASDAQ:TLS) last issued 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 net margin of 22.74% and a negative return on equity of 22.81%. The business had revenue of $28.50 million for the quarter, compared to analysts’ expectations of $26.57 million. On average, sell-side analysts anticipate that Telos Co. will post -0.72 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.