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.
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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