The Manufacturers Life Insurance Company Invests $92,000 in Telos Co. (NASDAQ:TLS)

The Manufacturers Life Insurance Company acquired a new stake in shares of Telos Co. (NASDAQ:TLS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 22,845 shares of the company’s stock, valued at approximately $92,000.

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

Insider Transactions at Telos

In other news, CEO John B. Wood acquired 158,644 shares of Telos stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of $2.39 per share, for a total transaction of $379,159.16. Following the acquisition, the chief executive officer now owns 5,026,925 shares of the company’s stock, valued at $12,014,350.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.40% of the company’s stock.

Telos Stock Up 2.4 %

Telos stock opened at $3.81 on Monday. The company’s 50 day moving average is $3.38 and its two-hundred day moving average is $3.67. 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 Co. has a 52-week low of $1.89 and a 52-week high of $5.03.

Telos (NASDAQ:TLS) last released 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 firm had revenue of $28.50 million during the quarter, compared to analyst estimates of $26.57 million. Research analysts predict that Telos Co. will post -0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.