Cassaday & Co Wealth Management LLC Grows Holdings in Telos Co. (NASDAQ:TLS)

Cassaday & Co Wealth Management LLC lifted its position in shares of Telos Co. (NASDAQ:TLS) by 81.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 137,449 shares of the company’s stock after purchasing an additional 61,493 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Telos were worth $493,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC boosted its position in Telos by 26.5% during the third quarter. OneDigital Investment Advisors LLC now owns 25,300 shares of the company’s stock worth $91,000 after purchasing an additional 5,300 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Telos by 26.3% during the 3rd quarter. GSA Capital Partners LLP now owns 519,361 shares of the company’s stock valued at $1,865,000 after buying an additional 108,049 shares in the last quarter. US Bancorp DE acquired a new stake in Telos in the 3rd quarter valued at $39,000. SG Americas Securities LLC increased its holdings in Telos by 129.8% in the 3rd quarter. SG Americas Securities LLC now owns 23,478 shares of the company’s stock worth $84,000 after acquiring an additional 13,263 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Telos during the second quarter worth $92,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TLS. BMO Capital Markets lifted their target price on shares of Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. DA Davidson cut their price objective on Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research note on Monday, August 12th. B. Riley restated a “buy” rating and issued a $5.00 target price on shares of Telos in a research report on Thursday, August 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4.80.

Telos Stock Down 1.5 %

TLS opened at $3.25 on Tuesday. The company’s 50 day simple moving average is $3.62 and its two-hundred day simple moving average is $3.69. Telos Co. has a 1-year low of $1.89 and a 1-year high of $5.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.64 and a quick ratio of 3.59.

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.