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

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Telos Co. (NASDAQ:TLS) by 97.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 64,680 shares of the company’s stock after buying an additional 31,904 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Telos were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. OneDigital Investment Advisors LLC lifted its position in Telos by 26.5% during the third quarter. OneDigital Investment Advisors LLC now owns 25,300 shares of the company’s stock valued at $91,000 after purchasing an additional 5,300 shares in the last quarter. US Bancorp DE purchased a new position in shares of Telos during the 3rd quarter valued at about $39,000. MetLife Investment Management LLC grew its stake in shares of Telos by 81.5% during the 3rd quarter. MetLife Investment Management LLC now owns 27,205 shares of the company’s stock valued at $98,000 after acquiring an additional 12,212 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Telos by 15.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 97,535 shares of the company’s stock worth $345,000 after acquiring an additional 13,160 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Telos by 129.8% during the 3rd quarter. SG Americas Securities LLC now owns 23,478 shares of the company’s stock worth $84,000 after acquiring an additional 13,263 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 $3.66 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. Telos Co. has a twelve month low of $1.89 and a twelve month high of $5.03. The business has a 50-day moving average price of $3.36 and a 200-day moving average price of $3.45. The firm has a market cap of $264.91 million, a price-to-earnings ratio of -5.23 and a beta of 0.89.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price target on shares of Telos from $3.00 to $4.50 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.50.

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.