Telos Corporation $TLS Shares Acquired by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. has increased its holdings in Telos Corporation by 17.7%, acquiring an additional 70,000 shares, bringing their total to 465,000 shares valued at approximately $1.1 million.
• Institutional ownership of Telos Corporation has reached 62.14%, with other hedge funds also significantly increasing their stakes during the first and fourth quarters.
• Telos stock has received a moderate buy consensus rating from analysts, with a price target range between $4.00 and $6.00.

Tocqueville Asset Management L.P. raised its stake in Telos Corporation (NASDAQ:TLS - Free Report) by 17.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 465,000 shares of the company's stock after buying an additional 70,000 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.62% of Telos worth $1,107,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TLS. Mirae Asset Global Investments Co. Ltd. grew its position in Telos by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,660 shares of the company's stock worth $189,000 after purchasing an additional 11,980 shares during the last quarter. NBC Securities Inc. lifted its holdings in Telos by 100,808.3% in the first quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock valued at $28,000 after acquiring an additional 12,097 shares during the period. Deutsche Bank AG raised its stake in shares of Telos by 33.5% during the 4th quarter. Deutsche Bank AG now owns 43,981 shares of the company's stock worth $150,000 after buying an additional 11,037 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Telos by 111.5% during the 4th quarter. Bank of America Corp DE now owns 69,761 shares of the company's stock worth $239,000 after buying an additional 36,778 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Telos by 75.3% during the 4th quarter. JPMorgan Chase & Co. now owns 299,206 shares of the company's stock worth $1,023,000 after buying an additional 128,507 shares during the last quarter. Institutional investors and hedge funds own 62.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TLS shares. Wedbush lifted their price target on Telos from $4.00 to $6.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. DA Davidson boosted their target price on shares of Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a research note on Tuesday, August 12th. BMO Capital Markets reissued a "market perform" rating and issued a $4.50 target price (up previously from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Telos from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $4.88.

Telos Trading Up 7.1%

Shares of NASDAQ:TLS traded up $0.4340 during trading on Friday, reaching $6.5640. 1,455,110 shares of the stock were exchanged, compared to its average volume of 888,761. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65. Telos Corporation has a 12-month low of $1.83 and a 12-month high of $6.76. The firm has a market cap of $477.20 million, a price-to-earnings ratio of -8.50 and a beta of 0.96. The firm's 50-day moving average price is $3.27 and its 200 day moving average price is $2.92.

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.