Renaissance Technologies LLC Sells 297,128 Shares of Telos Co. (NASDAQ:TLS)

Renaissance Technologies LLC reduced its stake in shares of Telos Co. (NASDAQ:TLS - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 898,872 shares of the company's stock after selling 297,128 shares during the period. Renaissance Technologies LLC owned 1.24% of Telos worth $3,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TLS. Barclays PLC lifted its stake in Telos by 0.6% in the third quarter. Barclays PLC now owns 9,180,956 shares of the company's stock worth $32,961,000 after acquiring an additional 52,320 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Telos by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company's stock worth $4,649,000 after buying an additional 4,715 shares during the last quarter. State Street Corp increased its holdings in shares of Telos by 27.0% in the third quarter. State Street Corp now owns 933,156 shares of the company's stock valued at $3,350,000 after purchasing an additional 198,676 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Telos by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,473 shares of the company's stock worth $1,520,000 after acquiring an additional 21,248 shares during the period. Finally, Tocqueville Asset Management L.P. acquired a new stake in Telos in the fourth quarter valued at about $1,351,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Stock Down 1.1 %

Shares of TLS stock traded down $0.03 on Monday, reaching $2.65. 112,385 shares of the company's stock traded hands, compared to its average volume of 336,074. 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 has a market capitalization of $198.41 million, a P/E ratio of -3.79 and a beta of 0.98. The business's 50 day moving average price is $2.67 and its two-hundred day moving average price is $3.19. Telos Co. has a 12-month low of $1.89 and a 12-month high of $5.03.

Telos (NASDAQ:TLS - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $26.37 million during the quarter, compared to the consensus estimate of $25.55 million. Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. During the same period in the prior year, the firm earned ($0.09) earnings per share. On average, equities analysts forecast that Telos Co. will post -0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

TLS has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on Telos from $4.50 to $3.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. Wedbush reissued an "outperform" rating and issued a $6.00 price target on shares of Telos in a research note on Tuesday, March 11th. DA Davidson cut their target price on Telos from $3.50 to $2.50 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Telos in a research report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Telos currently has a consensus rating of "Hold" and an average target price of $4.13.

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.