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

Mirae Asset Global Investments Co. Ltd. grew its position in Telos Co. (NASDAQ:TLS) by 97.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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. owned approximately 0.09% of Telos worth $220,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TLS. US Bancorp DE bought a new stake in shares of Telos during the third quarter valued at approximately $39,000. Intech Investment Management LLC purchased a new stake in Telos during the 3rd quarter valued at $49,000. Public Employees Retirement System of Ohio purchased a new stake in Telos during the 3rd quarter valued at $64,000. The Manufacturers Life Insurance Company bought a new stake in shares of Telos in the 2nd quarter worth $92,000. Finally, SG Americas Securities LLC raised its stake in shares of Telos by 129.8% in the third quarter. SG Americas Securities LLC now owns 23,478 shares of the company’s stock worth $84,000 after purchasing an additional 13,263 shares during the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their price objective on Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Telos currently has an average rating of “Hold” and an average price target of $4.50.

Telos Trading Up 4.0 %

Shares of TLS stock opened at $3.66 on Friday. The company has a current ratio of 3.64, a quick ratio of 3.59 and a debt-to-equity ratio of 0.06. Telos Co. has a 12-month low of $1.89 and a 12-month high of $5.03. The stock has a market capitalization of $264.91 million, a P/E ratio of -5.23 and a beta of 0.89. The firm’s 50 day moving average is $3.36 and its 200 day moving average is $3.45.

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.