US Bancorp DE Acquires Shares of 10,912 Telos Co. (NASDAQ:TLS)

US Bancorp DE bought a new position in shares of Telos Co. (NASDAQ:TLS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,912 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds have also recently modified their holdings of TLS. Bank of New York Mellon Corp boosted its holdings in Telos by 1,396.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 180,901 shares of the company’s stock worth $727,000 after buying an additional 168,813 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Telos by 22.9% in the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock worth $4,118,000 after acquiring an additional 190,700 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Telos during the first quarter worth approximately $58,000. American Century Companies Inc. raised its stake in Telos by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 79,988 shares of the company’s stock valued at $322,000 after purchasing an additional 8,229 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Telos in the 2nd quarter valued at $1,128,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $5.00 target price on shares of Telos in a research report on Thursday, August 29th. Needham & Company LLC restated a “hold” rating on shares of Telos in a report on Monday, August 12th. DA Davidson dropped their price target on Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, BMO Capital Markets boosted their price objective on Telos from $3.00 to $4.50 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Telos has an average rating of “Moderate Buy” and a consensus price target of $4.80.

Telos Stock Performance

Telos stock opened at $3.25 on Tuesday. The stock has a market cap of $235.24 million, a price-to-earnings ratio of -4.64 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.64 and a quick ratio of 4.70. The firm has a 50 day simple moving average of $3.62 and a 200-day simple moving average of $3.69. Telos Co. has a 1-year low of $1.89 and a 1-year high of $5.03.

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.