Bank of America Corp DE Raises Stock Holdings in Telos Co. (NASDAQ:TLS)

Bank of America Corp DE increased its holdings in shares of Telos Co. (NASDAQ:TLS) by 111.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,761 shares of the company’s stock after acquiring an additional 36,778 shares during the quarter. Bank of America Corp DE owned approximately 0.10% of Telos worth $239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. increased its holdings in Telos by 28.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 47,271 shares of the company’s stock worth $162,000 after buying an additional 10,372 shares during the last quarter. Rhumbline Advisers grew its position in shares of Telos by 8.1% during the 4th quarter. Rhumbline Advisers now owns 80,281 shares of the company’s stock valued at $275,000 after acquiring an additional 6,019 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Telos by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,473 shares of the company’s stock worth $1,520,000 after purchasing an additional 21,248 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Telos by 75.3% in the 4th quarter. JPMorgan Chase & Co. now owns 299,206 shares of the company’s stock worth $1,023,000 after purchasing an additional 128,507 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Telos by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company’s stock valued at $4,649,000 after purchasing an additional 4,715 shares during the last quarter. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos Trading Down 3.2%

Shares of TLS stock opened at $2.70 on Friday. The company has a market capitalization of $198.41 million, a PE ratio of -3.86 and a beta of 0.90. Telos Co. has a 52-week low of $1.83 and a 52-week high of $4.82. The business’s fifty day moving average is $2.58 and its 200 day moving average is $2.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.59 and a current ratio of 3.64.

Wall Street Analysts Forecast Growth

TLS has been the subject of several recent research reports. BMO Capital Markets decreased their price objective on Telos from $3.00 to $2.25 and set a “market perform” rating for the company in a report on Monday, May 12th. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research note on Wednesday, March 12th. Wall Street Zen upgraded shares of Telos from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. DA Davidson cut their price objective on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Finally, Wedbush reissued an “outperform” rating and set a $6.00 target price on shares of Telos in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Telos presently has an average rating of “Hold” and an average target price of $3.94.

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.