MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 611,978 Shares of Telos Corporation $TLS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Telos Corporation to approximately $17.1 million, acquiring an additional 611,978 shares, which represents a 9.3% increase in holdings during the first quarter.
• Several hedge funds have also recently invested in Telos, bringing institutional ownership to 62.14% of the company's stock.
• Analysts have upgraded Telos shares from a "hold" to "buy" rating, with a revised price target of $6.00 from Wedbush, indicating increased investor confidence in the company's performance.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Telos Corporation (NASDAQ:TLS - Free Report) by 9.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,181,590 shares of the company's stock after purchasing an additional 611,978 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 9.59% of Telos worth $17,097,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TLS. Mirae Asset Global Investments Co. Ltd. grew its holdings in Telos by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,660 shares of the company's stock worth $189,000 after acquiring an additional 11,980 shares during the period. NBC Securities Inc. grew its holdings in Telos by 100,808.3% during the first quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock worth $28,000 after acquiring an additional 12,097 shares during the period. American Century Companies Inc. grew its holdings in Telos by 12.8% during the first quarter. American Century Companies Inc. now owns 108,217 shares of the company's stock worth $258,000 after acquiring an additional 12,284 shares during the period. Deutsche Bank AG grew its holdings 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 acquiring an additional 11,037 shares during the period. Finally, Bank of America Corp DE grew its holdings in Telos by 111.5% during the fourth quarter. Bank of America Corp DE now owns 69,761 shares of the company's stock worth $239,000 after acquiring an additional 36,778 shares during the period. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Stock Down 3.0%

NASDAQ:TLS traded down $0.21 on Friday, hitting $6.74. 1,159,759 shares of the company's stock traded hands, compared to its average volume of 1,226,194. The company has a current ratio of 2.65, a quick ratio of 2.55 and a debt-to-equity ratio of 0.06. Telos Corporation has a 1 year low of $1.83 and a 1 year high of $7.06. The firm has a 50-day moving average price of $4.40 and a 200-day moving average price of $3.26. The company has a market cap of $490.00 million, a PE ratio of -8.75 and a beta of 1.04.

Analyst Ratings Changes

TLS has been the topic of a number of analyst reports. BMO Capital Markets reissued a "market perform" rating and issued a $4.50 price target (up previously from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Wedbush raised their target price on shares of Telos from $4.00 to $6.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of Telos from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, DA Davidson raised their target price on shares of Telos from $2.25 to $4.00 and gave the stock a "neutral" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.83.

Insider Transactions at Telos

In related news, CEO John B. Wood sold 200,000 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $6.55, for a total value of $1,310,000.00. Following the completion of the sale, the chief executive officer directly owned 4,984,365 shares in the company, valued at approximately $32,647,590.75. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Maluda sold 52,595 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $6.60, for a total value of $347,127.00. Following the completion of the sale, the director owned 185,387 shares of the company's stock, valued at approximately $1,223,554.20. This trade represents a 22.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 537,544 shares of company stock worth $3,579,041. 14.90% of the stock is currently owned by company insiders.

Telos Company 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.