Tucows Inc. (NASDAQ:TCX) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 131.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,963 shares of the information services provider’s stock after purchasing an additional 1,115 shares during the period. Tower Research Capital LLC TRC’s holdings in Tucows were worth $53,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Harbor Capital Advisors Inc. raised its position in Tucows by 36.5% during the third quarter. Harbor Capital Advisors Inc. now owns 2,152 shares of the information services provider’s stock valued at $44,000 after buying an additional 576 shares during the period. Bard Associates Inc. raised its position in Tucows by 5.2% during the fourth quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock valued at $435,000 after buying an additional 800 shares during the period. National Bank of Canada FI increased its position in Tucows by 28.6% in the 4th quarter. National Bank of Canada FI now owns 3,679 shares of the information services provider’s stock worth $92,000 after purchasing an additional 819 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Tucows by 16,766.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,006 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Tucows in the 4th quarter worth about $120,000. 73.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Tucows from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th.

Tucows Stock Down 1.6 %

TCX stock traded down $0.28 during mid-day trading on Tuesday, hitting $17.67. The stock had a trading volume of 36,878 shares, compared to its average volume of 35,462. The company has a current ratio of 1.21, a quick ratio of 1.17 and a debt-to-equity ratio of 43.87. Tucows Inc. has a 1-year low of $15.65 and a 1-year high of $33.44. The company has a fifty day moving average of $18.32 and a 200 day moving average of $20.75. The stock has a market capitalization of $191.37 million, a price-to-earnings ratio of -1.99 and a beta of 0.94.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its earnings results on Thursday, February 22nd. The information services provider reported ($2.14) earnings per share for the quarter. The firm had revenue of $86.96 million during the quarter. Tucows had a negative return on equity of 198.27% and a negative net margin of 28.35%.

Insider Activity

In other news, CEO Elliot Noss sold 5,175 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $18.43, for a total transaction of $95,375.25. Following the transaction, the chief executive officer now owns 516,758 shares of the company’s stock, valued at approximately $9,523,849.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.70% of the stock is currently owned by insiders.

Tucows Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.