SG Americas Securities LLC Makes New $120,000 Investment in Tucows Inc. (NASDAQ:TCX)

SG Americas Securities LLC purchased a new position in Tucows Inc. (NASDAQ:TCX) (TSE:TC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,449 shares of the information services provider’s stock, valued at approximately $120,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in shares of Tucows by 36.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,152 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 576 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Tucows by 53.4% during the 3rd quarter. National Bank of Canada FI now owns 2,860 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 995 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its holdings in Tucows by 2.7% during the 3rd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,969,594 shares of the information services provider’s stock valued at $40,199,000 after buying an additional 51,050 shares during the period. Deutsche Bank AG raised its holdings in Tucows by 21.0% during the 3rd quarter. Deutsche Bank AG now owns 5,560 shares of the information services provider’s stock valued at $113,000 after buying an additional 966 shares during the period. Finally, Barclays PLC raised its holdings in Tucows by 88.3% during the 1st quarter. Barclays PLC now owns 5,011 shares of the information services provider’s stock valued at $97,000 after buying an additional 2,350 shares during the period. 73.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Tucows Stock Performance

NASDAQ:TCX opened at $17.47 on Friday. The stock’s fifty day moving average is $18.96 and its 200 day moving average is $20.86. Tucows Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $33.44. The firm has a market capitalization of $189.20 million, a PE ratio of -1.97 and a beta of 0.94. The company has a debt-to-equity ratio of 43.87, a quick ratio of 1.17 and a current ratio of 1.21.

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

Analysts Set New Price Targets

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

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.