JPMorgan Chase & Co. Acquires 18,956 Shares of Telos Co. (NASDAQ:TLS)

JPMorgan Chase & Co. raised its holdings in Telos Co. (NASDAQ:TLS) by 12.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,699 shares of the company’s stock after purchasing an additional 18,956 shares during the period. JPMorgan Chase & Co. owned approximately 0.24% of Telos worth $613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLS. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Telos by 15.6% during 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 during the period. Barclays PLC lifted its holdings in shares of Telos by 0.6% in the third quarter. Barclays PLC now owns 9,180,956 shares of the company’s stock worth $32,961,000 after acquiring an additional 52,320 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Telos in the 3rd quarter valued at approximately $64,000. XTX Topco Ltd bought a new position in Telos in the 3rd quarter valued at approximately $240,000. Finally, EP Wealth Advisors LLC acquired a new stake in Telos in the third quarter valued at approximately $3,665,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Telos Price Performance

Shares of NASDAQ TLS opened at $3.09 on Tuesday. The firm has a fifty day simple moving average of $3.37 and a 200 day simple moving average of $3.53. Telos Co. has a twelve month low of $1.89 and a twelve month high of $5.03. 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 company has a market capitalization of $223.65 million, a PE ratio of -4.41 and a beta of 0.91.

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.