Tocqueville Asset Management L.P. Takes Position in Telos Co. (NASDAQ:TLS)

Tocqueville Asset Management L.P. bought a new position in Telos Co. (NASDAQ:TLS) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 395,000 shares of the company’s stock, valued at approximately $1,351,000.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Telos by 0.6% during the third quarter. Barclays PLC now owns 9,180,956 shares of the company’s stock valued at $32,961,000 after buying an additional 52,320 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Telos in the 3rd quarter valued at about $3,665,000. State Street Corp boosted its holdings in Telos by 27.0% during the 3rd quarter. State Street Corp now owns 933,156 shares of the company’s stock valued at $3,350,000 after acquiring an additional 198,676 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Telos by 28.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company’s stock worth $3,015,000 after acquiring an additional 186,059 shares during the last quarter. Finally, Pathstone Holdings LLC increased its stake in 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 purchasing an additional 93,829 shares during the period. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos Stock Performance

NASDAQ:TLS opened at $2.71 on Thursday. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $3.13 and its 200 day simple moving average is $3.39. The stock has a market cap of $196.62 million, a P/E ratio of -3.87 and a beta of 0.90. Telos Co. has a twelve month low of $1.89 and a twelve month high of $5.03.

Telos (NASDAQ:TLS) last announced its earnings results on Monday, March 10th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Telos had a negative net margin of 40.80% and a negative return on equity of 28.19%. The company had revenue of $26.37 million for the quarter, compared to the consensus estimate of $25.55 million. During the same period in the previous year, the firm posted ($0.09) EPS. As a group, research analysts predict that Telos Co. will post -0.68 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Telos in a report on Wednesday, March 12th. BMO Capital Markets dropped their price target on shares of Telos from $4.50 to $3.00 and set a “market perform” rating for the company in a research report on Tuesday, March 11th. DA Davidson decreased 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 Tuesday, March 11th. Finally, Wedbush reiterated an “outperform” rating and set a $6.00 target price on shares of Telos in a report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.13.

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.