Jacobs Levy Equity Management Inc. Grows Stock Position in Telos Co. (NASDAQ:TLS)

Jacobs Levy Equity Management Inc. increased its position in shares of Telos Co. (NASDAQ:TLS - Free Report) by 28.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 839,855 shares of the company's stock after purchasing an additional 186,059 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.16% of Telos worth $3,015,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Telos by 1,396.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 180,901 shares of the company's stock worth $727,000 after purchasing an additional 168,813 shares in the last quarter. Rhumbline Advisers boosted its stake in Telos by 4,277.7% during the second quarter. Rhumbline Advisers now owns 77,311 shares of the company's stock worth $311,000 after buying an additional 75,545 shares during the last quarter. American Century Companies Inc. grew its holdings in Telos by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 79,988 shares of the company's stock valued at $322,000 after buying an additional 8,229 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Telos by 21.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 776,406 shares of the company's stock worth $3,121,000 after acquiring an additional 138,657 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Telos by 22.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company's stock worth $4,118,000 after acquiring an additional 190,700 shares during the period. 62.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on TLS. Needham & Company LLC reaffirmed a "hold" rating on shares of Telos in a research note on Monday, August 12th. BMO Capital Markets upped their price objective on Telos from $3.00 to $4.50 and gave the company a "market perform" rating in a report on Wednesday, November 13th. DA Davidson cut their target price on Telos from $3.50 to $2.50 and set a "neutral" rating for the company in a research note on Monday, August 12th. Finally, B. Riley reaffirmed a "buy" rating and issued a $5.00 price target on shares of Telos in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.80.

Telos Trading Up 3.6 %

NASDAQ:TLS traded up $0.12 during trading hours on Friday, reaching $3.41. 364,180 shares of the stock were exchanged, compared to its average volume of 803,424. Telos Co. has a twelve month low of $1.89 and a twelve month high of $5.03. The business has a 50-day moving average of $3.59 and a two-hundred day moving average of $3.67. The company has a market capitalization of $246.82 million, a price-to-earnings ratio of -4.87 and a beta of 0.92. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06.

Telos Company 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.