Tucows Inc. (NASDAQ:TCX) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 333,320 shares of the information services provider’s stock after purchasing an additional 10,188 shares during the quarter. Vanguard Group Inc.’s holdings in Tucows were worth $20,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TCX. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its stake in Tucows by 6.6% in the second quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,256,776 shares of the information services provider’s stock valued at $76,687,000 after purchasing an additional 77,483 shares during the last quarter. Pembroke Management LTD increased its stake in Tucows by 10.3% in the second quarter. Pembroke Management LTD now owns 288,409 shares of the information services provider’s stock valued at $22,082,000 after purchasing an additional 27,000 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in Tucows by 16.8% in the second quarter. Virginia Retirement Systems ET AL now owns 11,100 shares of the information services provider’s stock valued at $677,000 after purchasing an additional 1,600 shares during the last quarter. Swiss National Bank increased its stake in Tucows by 8.5% during the second quarter. Swiss National Bank now owns 17,800 shares of the information services provider’s stock worth $1,086,000 after acquiring an additional 1,400 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Tucows by 17.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 7,949 shares of the information services provider’s stock worth $485,000 after acquiring an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 60.73% of the company’s stock.

NASDAQ:TCX traded down $1.06 on Friday, hitting $54.72. 32,478 shares of the stock were exchanged, compared to its average volume of 49,933. The stock has a market cap of $583.32 million, a PE ratio of 34.42 and a beta of 1.17. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average of $53.75 and a 200-day moving average of $61.25. Tucows Inc. has a fifty-two week low of $45.01 and a fifty-two week high of $90.21.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings results on Wednesday, August 7th. The information services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). The firm had revenue of $84.11 million for the quarter, compared to analyst estimates of $81.00 million. Tucows had a return on equity of 18.67% and a net margin of 4.57%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. As a group, analysts predict that Tucows Inc. will post 1.19 earnings per share for the current year.

In other news, CEO Elliot Noss sold 1,500 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $51.24, for a total value of $76,860.00. Following the completion of the sale, the chief executive officer now owns 551,260 shares in the company, valued at $28,246,562.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 13.50% of the company’s stock.

Several brokerages have commented on TCX. BidaskClub upgraded Tucows from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Zacks Investment Research upgraded Tucows from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. ValuEngine lowered Tucows from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th. Finally, TheStreet lowered Tucows from a “b-” rating to a “c+” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $100.00.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.

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Institutional Ownership by Quarter for Tucows (NASDAQ:TCX)

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