Walleye Capital LLC Acquires Shares of 107,865 Telos Co. (NASDAQ:TLS)

Walleye Capital LLC acquired a new stake in Telos Co. (NASDAQ:TLSGet Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 107,865 shares of the company’s stock, valued at approximately $1,075,000. Walleye Capital LLC owned about 0.16% of Telos at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLS. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Telos by 175.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,392 shares of the company’s stock valued at $74,000 after buying an additional 4,708 shares during the last quarter. Hemington Wealth Management acquired a new position in shares of Telos in the first quarter valued at approximately $150,000. B. Riley Wealth Management Inc. acquired a new position in shares of Telos in the first quarter valued at approximately $162,000. Advisory Services Network LLC acquired a new position in shares of Telos in the first quarter valued at approximately $168,000. Finally, Group One Trading L.P. increased its holdings in shares of Telos by 131.6% in the first quarter. Group One Trading L.P. now owns 19,428 shares of the company’s stock valued at $194,000 after purchasing an additional 11,041 shares during the period. Hedge funds and other institutional investors own 59.19% of the company’s stock.

Telos Stock Performance

Shares of TLS opened at $11.45 on Monday. The company has a 50-day simple moving average of $9.15 and a 200-day simple moving average of $8.99. The company has a quick ratio of 3.34, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $777.09 million, a PE ratio of -20.45 and a beta of 1.22. Telos Co. has a 52-week low of $6.54 and a 52-week high of $33.87.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TLS. Needham & Company LLC boosted their target price on Telos from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Wedbush raised Telos from a “neutral” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Monday, September 12th. Finally, Northland Securities set a $11.00 target price on Telos in a report on Monday, June 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Telos Company Profile

(Get Rating)

Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.

See Also

Want to see what other hedge funds are holding TLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telos Co. (NASDAQ:TLSGet Rating).

Institutional Ownership by Quarter for Telos (NASDAQ:TLS)

Receive News & Ratings for Telos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telos and related companies with MarketBeat.com's FREE daily email newsletter.