Short Interest in Telos Co. (NASDAQ:TLS) Increases By 88.8%

Telos Co. (NASDAQ:TLS) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 2,700,000 shares, a growth of 88.8% from the June 30th total of 1,430,000 shares. Approximately 5.4% of the shares of the stock are sold short. Based on an average daily volume of 566,600 shares, the days-to-cover ratio is presently 4.8 days.

Insider Buying and Selling

In related news, Director Fredrick Schaufeld acquired 153,447 shares of Telos stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $4.38 per share, for a total transaction of $672,097.86. Following the completion of the transaction, the director now owns 941,286 shares of the company’s stock, valued at approximately $4,122,832.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Fredrick Schaufeld acquired 153,447 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average cost of $4.38 per share, for a total transaction of $672,097.86. Following the acquisition, the director now owns 941,286 shares in the company, valued at approximately $4,122,832.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John B. Wood bought 50,000 shares of Telos stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of $3.11 per share, with a total value of $155,500.00. Following the acquisition, the chief executive officer now directly owns 4,843,281 shares of the company’s stock, valued at $15,062,603.91. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 503,610 shares of company stock valued at $1,970,882. 12.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Telos

Hedge funds have recently modified their holdings of the business. Citigroup Inc. boosted its position in shares of Telos by 53.2% during the 3rd quarter. Citigroup Inc. now owns 35,619 shares of the company’s stock worth $85,000 after purchasing an additional 12,369 shares during the period. Schechter Investment Advisors LLC acquired a new stake in shares of Telos in the fourth quarter valued at $38,000. Pinnacle Associates Ltd. raised its holdings in shares of Telos by 43.4% in the 4th quarter. Pinnacle Associates Ltd. now owns 2,697,766 shares of the company’s stock valued at $9,847,000 after buying an additional 816,567 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Telos by 153.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,539,842 shares of the company’s stock worth $9,270,000 after acquiring an additional 1,537,848 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new position in Telos during the 4th quarter valued at about $432,000. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

Telos Trading Down 0.7 %

NASDAQ:TLS traded down $0.03 on Friday, hitting $4.24. The stock had a trading volume of 334,873 shares, compared to its average volume of 790,843. The company has a fifty day moving average price of $3.98 and a two-hundred day moving average price of $3.90. Telos has a 1-year low of $1.87 and a 1-year high of $5.03. The company has a quick ratio of 4.00, a current ratio of 4.05 and a debt-to-equity ratio of 0.06. The stock has a market cap of $304.26 million, a price-to-earnings ratio of -9.64 and a beta of 0.98.

Telos (NASDAQ:TLS) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.08. The firm had revenue of $29.62 million for the quarter, compared to analysts’ expectations of $28.50 million. Telos had a negative return on equity of 22.69% and a negative net margin of 22.22%. Equities research analysts expect that Telos will post -0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of Telos from $4.50 to $4.00 and set a “market perform” rating for the company in a research report on Monday, May 13th. Needham & Company LLC reissued a “hold” rating on shares of Telos in a research note on Monday, June 24th. Finally, Wedbush restated an “outperform” rating and issued a $6.00 price target on shares of Telos in a research report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Telos Company 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.