Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Telos Co. (NASDAQ:TLS)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Telos Co. (NASDAQ:TLSGet Rating) by 20.4% during the first quarter, Holdings Channel.com reports. The firm owned 720,885 shares of the company’s stock after purchasing an additional 122,135 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Telos were worth $7,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TLS. Citigroup Inc. boosted its holdings in Telos by 107.5% in the 4th quarter. Citigroup Inc. now owns 144,142 shares of the company’s stock valued at $2,223,000 after purchasing an additional 74,669 shares in the last quarter. Wynnefield Capital Inc. boosted its holdings in Telos by 57.1% in the 4th quarter. Wynnefield Capital Inc. now owns 55,000 shares of the company’s stock valued at $848,000 after purchasing an additional 20,000 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Telos by 24.7% during the 4th quarter. Squarepoint Ops LLC now owns 146,979 shares of the company’s stock worth $2,266,000 after acquiring an additional 29,150 shares in the last quarter. Masters Capital Management LLC boosted its stake in shares of Telos by 41.8% during the 4th quarter. Masters Capital Management LLC now owns 1,500,000 shares of the company’s stock worth $23,130,000 after acquiring an additional 441,900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Telos by 175.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,392 shares of the company’s stock worth $74,000 after acquiring an additional 4,708 shares in the last quarter. Hedge funds and other institutional investors own 59.19% of the company’s stock.

Telos Price Performance

TLS stock opened at $10.80 on Thursday. Telos Co. has a 1 year low of $6.54 and a 1 year high of $31.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.34 and a current ratio of 3.41. The stock’s 50 day moving average price is $9.37 and its 200 day moving average price is $9.03. The firm has a market cap of $732.97 million, a P/E ratio of -19.29 and a beta of 1.22.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TLS shares. Needham & Company LLC boosted their price target on Telos from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Wedbush raised Telos from a “neutral” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Monday, September 12th. Finally, Northland Securities set a $11.00 price target on Telos in a research note on Monday, June 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Telos has an average rating of “Moderate Buy” and an average price target of $16.50.

Telos Company Profile

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Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.

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Institutional Ownership by Quarter for Telos (NASDAQ:TLS)

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