US Bancorp DE Purchases Shares of 10,912 Telos Co. (NASDAQ:TLS)

US Bancorp DE acquired a new position in Telos Co. (NASDAQ:TLS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,912 shares of the company’s stock, valued at approximately $39,000.

Several other large investors have also recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Telos in the first quarter valued at approximately $58,000. Lazard Asset Management LLC acquired a new stake in shares of Telos in the first quarter valued at $58,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Telos in the 2nd quarter valued at $92,000. Rhumbline Advisers lifted its stake in Telos by 4,277.7% during the 2nd quarter. Rhumbline Advisers now owns 77,311 shares of the company’s stock worth $311,000 after acquiring an additional 75,545 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Telos by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 79,988 shares of the company’s stock valued at $322,000 after acquiring an additional 8,229 shares during the period. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Telos Stock Down 1.5 %

Shares of Telos stock opened at $3.25 on Tuesday. Telos Co. has a 52-week low of $1.89 and a 52-week high of $5.03. The company has a 50 day moving average of $3.62 and a 200 day moving average of $3.69. The company has a quick ratio of 4.70, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $235.24 million, a P/E ratio of -4.64 and a beta of 0.96.

Analyst Upgrades and Downgrades

TLS has been the topic of a number of recent research reports. DA Davidson cut their price target on shares of Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. BMO Capital Markets upped their target price on shares of Telos from $3.00 to $4.50 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a “hold” rating on shares of Telos in a research report on Monday, August 12th. Finally, B. Riley restated a “buy” rating and issued a $5.00 price target on shares of Telos in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.80.

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.