Telos Co. (NASDAQ:TLS) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Telos Co. (NASDAQ:TLS) by 100.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,569,612 shares of the company’s stock after purchasing an additional 3,296,586 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 9.08% of Telos worth $22,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. increased its position in Telos by 1.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 855,896 shares of the company’s stock worth $2,927,000 after purchasing an additional 16,041 shares during the last quarter. Deutsche Bank AG increased its position in Telos by 33.5% during the fourth quarter. Deutsche Bank AG now owns 43,981 shares of the company’s stock worth $150,000 after purchasing an additional 11,037 shares during the last quarter. Baird Financial Group Inc. purchased a new position in Telos during the fourth quarter worth about $211,000. Bank of America Corp DE increased its position in shares of Telos by 111.5% during the fourth quarter. Bank of America Corp DE now owns 69,761 shares of the company’s stock valued at $239,000 after acquiring an additional 36,778 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Telos by 25.0% in the 4th quarter. MetLife Investment Management LLC now owns 34,017 shares of the company’s stock valued at $116,000 after acquiring an additional 6,812 shares during the period. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Telos Price Performance

Telos stock opened at $2.62 on Thursday. 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 52-week low of $1.83 and a 52-week high of $5.03. The firm has a market cap of $196.16 million, a PE ratio of -3.74 and a beta of 0.95. The company’s 50 day moving average is $2.55 and its two-hundred day moving average is $3.10.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, March 10th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company had revenue of $26.37 million for the quarter, compared to analysts’ expectations of $25.55 million. Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. During the same period in the prior year, the company posted ($0.09) EPS. On average, research analysts expect that Telos Co. will post -0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TLS shares. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a report on Wednesday, March 12th. Wedbush restated an “outperform” rating and set a $6.00 price target on shares of Telos in a research report on Tuesday, March 11th. DA Davidson dropped their price objective on Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, BMO Capital Markets cut their price objective on Telos from $3.00 to $2.25 and set a “market perform” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $3.94.

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.