Barclays PLC Boosts Position in Telos Co. (NASDAQ:TLS)

Barclays PLC increased its position in Telos Co. (NASDAQ:TLS) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,180,956 shares of the company’s stock after acquiring an additional 52,320 shares during the quarter. Barclays PLC owned about 12.68% of Telos worth $32,961,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Telos during the third quarter worth about $64,000. XTX Topco Ltd bought a new position in shares of Telos in the third quarter worth approximately $240,000. EP Wealth Advisors LLC purchased a new stake in Telos in the third quarter valued at approximately $3,665,000. State Street Corp raised its stake in Telos by 27.0% in the third quarter. State Street Corp now owns 933,156 shares of the company’s stock valued at $3,350,000 after purchasing an additional 198,676 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Telos by 28.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company’s stock valued at $3,015,000 after purchasing an additional 186,059 shares during the last quarter. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and set a $5.00 price objective on shares of Telos in a research report on Thursday, August 29th. BMO Capital Markets increased their target price on Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.50.

Telos Trading Down 1.4 %

TLS stock opened at $3.47 on Friday. Telos Co. has a one year low of $1.89 and a one year high of $5.03. The company has a market capitalization of $251.16 million, a PE ratio of -4.96 and a beta of 0.92. The company’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $3.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.59 and a current ratio of 3.64.

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.