Mirae Asset Global Investments Co. Ltd. Grows Holdings in Telos Co. (NASDAQ:TLS)

Mirae Asset Global Investments Co. Ltd. increased its position in Telos Co. (NASDAQ:TLS) by 153.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,539,842 shares of the company’s stock after acquiring an additional 1,537,848 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Telos were worth $9,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in Telos by 6.4% in the 1st quarter. Rhumbline Advisers now owns 41,068 shares of the company’s stock worth $409,000 after acquiring an additional 2,461 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in Telos by 119.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,564 shares of the company’s stock worth $37,000 after acquiring an additional 2,483 shares in the last quarter. Swiss National Bank increased its holdings in Telos by 8.8% in the 1st quarter. Swiss National Bank now owns 39,500 shares of the company’s stock worth $394,000 after acquiring an additional 3,200 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Telos by 44.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 13,375 shares of the company’s stock worth $69,000 after acquiring an additional 4,141 shares in the last quarter. Finally, Natixis Advisors L.P. increased its holdings in Telos by 9.6% in the 2nd quarter. Natixis Advisors L.P. now owns 52,247 shares of the company’s stock worth $422,000 after acquiring an additional 4,593 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

Telos Price Performance

Shares of TLS opened at $3.60 on Friday. The company has a quick ratio of 3.54, a current ratio of 3.57 and a debt-to-equity ratio of 0.06. Telos Co. has a 1 year low of $1.53 and a 1 year high of $5.00. The company has a 50 day simple moving average of $3.92 and a two-hundred day simple moving average of $3.64.

Telos (NASDAQ:TLS) last posted its earnings results on Friday, March 15th. The company reported ($0.12) EPS for the quarter, meeting analysts’ consensus estimates of ($0.12). The firm had revenue of $41.06 million during the quarter, compared to the consensus estimate of $31.97 million. Telos had a negative return on equity of 24.23% and a negative net margin of 23.68%. During the same period in the prior year, the company earned ($0.18) EPS. Sell-side analysts anticipate that Telos Co. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

TLS has been the subject of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Telos from $3.50 to $4.50 and gave the company a “market perform” rating in a report on Monday, March 18th. B. Riley increased their price objective on shares of Telos from $4.50 to $5.50 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, DA Davidson increased their price objective on shares of Telos from $3.25 to $3.50 and gave the company a “neutral” rating in a report on Monday, March 18th.

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.