MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $22.47 Million Stock Holdings in Telos Co. (NASDAQ:TLS)

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

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Telos by 0.6% during the 3rd quarter. Barclays PLC now owns 9,180,956 shares of the company's stock valued at $32,961,000 after purchasing an additional 52,320 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Telos by 12.5% in the third quarter. JPMorgan Chase & Co. now owns 170,699 shares of the company's stock valued at $613,000 after buying an additional 18,956 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Telos by 97.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,680 shares of the company's stock worth $220,000 after buying an additional 31,904 shares during the last quarter. White Pine Capital LLC grew its stake in shares of Telos by 2.1% during the fourth quarter. White Pine Capital LLC now owns 183,207 shares of the company's stock worth $627,000 after buying an additional 3,683 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Telos by 8.1% during the fourth quarter. Rhumbline Advisers now owns 80,281 shares of the company's stock worth $275,000 after buying an additional 6,019 shares in the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on TLS. Wedbush reissued an "outperform" rating and set a $6.00 price objective on shares of Telos in a report on Tuesday, March 11th. Needham & Company LLC reiterated a "hold" rating on shares of Telos in a research report on Wednesday, March 12th. BMO Capital Markets reduced their price target on Telos from $3.00 to $2.25 and set a "market perform" rating on the stock in a report on Monday, May 12th. Finally, DA Davidson lowered 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. 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 data from MarketBeat, Telos presently has a consensus rating of "Hold" and an average price target of $3.94.

Telos Trading Down 0.6%

NASDAQ:TLS traded down $0.02 during trading hours on Tuesday, hitting $2.65. 200,552 shares of the company were exchanged, compared to its average volume of 629,294. The stock has a market capitalization of $194.37 million, a price-to-earnings ratio of -3.78 and a beta of 0.95. Telos Co. has a one year low of $1.83 and a one year high of $5.03. The company has a fifty day simple moving average of $2.55 and a 200 day simple moving average of $3.08. 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 (NASDAQ:TLS - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. The company had revenue of $26.37 million for the quarter, compared to the consensus estimate of $25.55 million. During the same quarter last year, the business earned ($0.09) earnings per share. Sell-side analysts expect that Telos Co. will post -0.68 EPS for the current fiscal year.

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.