Tucows Inc. (NASDAQ:TCX) Shares Bought by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. raised its position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 241.3% during the second quarter, Holdings Channel reports. The firm owned 313,272 shares of the information services provider’s stock after buying an additional 221,485 shares during the period. Van Berkom & Associates Inc.’s holdings in Tucows were worth $16,773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TCX. Segantii Capital Management Ltd acquired a new position in shares of Tucows during the first quarter worth approximately $189,000. Bard Associates Inc. acquired a new position in shares of Tucows during the first quarter worth approximately $236,000. BlueCrest Capital Management Ltd acquired a new position in shares of Tucows during the first quarter worth approximately $249,000. TD Asset Management Inc. acquired a new position in shares of Tucows during the first quarter worth approximately $263,000. Finally, Airain ltd acquired a new position in shares of Tucows during the first quarter worth approximately $288,000. 29.91% of the stock is currently owned by institutional investors.

Shares of Tucows Inc. (NASDAQ:TCX) traded down 0.09% on Friday, hitting $55.65. The stock had a trading volume of 149,466 shares. The company has a market cap of $584.83 million, a price-to-earnings ratio of 42.22 and a beta of 1.37. Tucows Inc. has a 52 week low of $25.78 and a 52 week high of $63.20. The firm has a 50 day moving average price of $57.32 and a 200-day moving average price of $52.29.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Tuesday, May 9th. The information services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.13. The business had revenue of $69.60 million during the quarter, compared to analyst estimates of $84.05 million. Tucows had a return on equity of 43.00% and a net margin of 6.55%. Tucows’s revenue for the quarter was up 55.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. Analysts anticipate that Tucows Inc. will post $2.20 EPS for the current year.

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A number of research analysts have recently commented on the company. Zacks Investment Research raised Tucows from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. BidaskClub raised Tucows from a “hold” rating to a “buy” rating in a report on Sunday, July 16th.

In other news, VP Michael Goldstein sold 9,876 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $58.76, for a total transaction of $580,313.76. Following the transaction, the vice president now owns 4,163 shares of the company’s stock, valued at $244,617.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Davinder Singh sold 1,236 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $60.00, for a total value of $74,160.00. Following the transaction, the chief financial officer now directly owns 1,764 shares in the company, valued at approximately $105,840. The disclosure for this sale can be found here. In the last three months, insiders sold 185,701 shares of company stock worth $10,773,117. Insiders own 17.20% of the company’s stock.

About Tucows

Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.

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Institutional Ownership by Quarter for Tucows (NASDAQ:TCX)

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