Tocqueville Asset Management L.P. Invests $1.35 Million in Telos Co. (NASDAQ:TLS)

Tocqueville Asset Management L.P. acquired a new stake in Telos Co. (NASDAQ:TLS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 395,000 shares of the company's stock, valued at approximately $1,351,000. Tocqueville Asset Management L.P. owned 0.55% of Telos as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC lifted its holdings in shares of Telos by 26.5% during the third quarter. OneDigital Investment Advisors LLC now owns 25,300 shares of the company's stock worth $91,000 after purchasing an additional 5,300 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Telos by 23.3% in the 3rd quarter. Pathstone Holdings LLC now owns 496,441 shares of the company's stock worth $1,782,000 after acquiring an additional 93,829 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Telos in the third quarter valued at about $49,000. MetLife Investment Management LLC increased its stake in shares of Telos by 81.5% during the third quarter. MetLife Investment Management LLC now owns 27,205 shares of the company's stock worth $98,000 after acquiring an additional 12,212 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Telos by 28.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company's stock worth $3,015,000 after purchasing an additional 186,059 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Telos in a report on Wednesday, March 12th. BMO Capital Markets reduced their target price on Telos from $4.50 to $3.00 and set a "market perform" rating for the company in a report on Tuesday, March 11th. DA Davidson lowered 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. Finally, Wedbush restated an "outperform" rating and set a $6.00 target price on shares of Telos in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.13.

Telos Stock Performance

Shares of TLS stock remained flat at $2.73 during mid-day trading on Monday. The stock had a trading volume of 359,868 shares, compared to its average volume of 533,567. The firm has a market capitalization of $198.07 million, a P/E ratio of -3.90 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. Telos Co. has a twelve month low of $1.89 and a twelve month high of $5.03. The firm's 50-day moving average is $3.11 and its 200-day moving average is $3.37.

Telos (NASDAQ:TLS - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $26.37 million for 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 quarter last year, the business posted ($0.09) earnings per share. Research analysts anticipate that Telos Co. will post -0.68 EPS 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.