Van Berkom & Associates Inc. Boosts Position in Tucows Inc. (TCX)
Van Berkom & Associates Inc. raised its stake in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 241.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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. owned approximately 2.98% of Tucows worth $16,773,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in TCX. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its position in shares of Tucows by 86.2% in the first quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 472,950 shares of the information services provider’s stock valued at $24,145,000 after buying an additional 218,989 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Tucows during the first quarter valued at about $5,619,000. CLS Investments LLC purchased a new position in shares of Tucows during the first quarter valued at about $2,237,000. TD Asset Management Inc. purchased a new position in shares of Tucows during the first quarter valued at about $263,000. Finally, Airain ltd purchased a new position in shares of Tucows during the first quarter valued at about $288,000. Hedge funds and other institutional investors own 29.91% of the company’s stock.
Shares of Tucows Inc. (NASDAQ:TCX) traded down 0.09% during trading on Friday, reaching $55.65. 149,466 shares of the company’s stock traded hands. Tucows Inc. has a 1-year low of $25.78 and a 1-year high of $63.20. The company has a market capitalization of $584.83 million, a price-to-earnings ratio of 42.22 and a beta of 1.37. The company has a 50 day moving average of $57.32 and a 200-day moving average of $52.29.
Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Tuesday, May 9th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.13. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $84.05 million. Tucows had a net margin of 6.55% and a return on equity of 43.00%. The business’s quarterly revenue was up 55.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. Equities analysts predict that Tucows Inc. will post $2.20 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Van Berkom & Associates Inc. Boosts Position in Tucows Inc. (TCX)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/07/22/van-berkom-associates-inc-boosts-position-in-tucows-inc-tcx.html.
TCX has been the topic of several recent research reports. BidaskClub raised shares of Tucows from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research raised shares of Tucows from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th.
In other Tucows news, Director Allen Karp sold 1,900 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $59.92, for a total value of $113,848.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rawleigh Hazen Iv Ralls sold 52,500 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $56.79, for a total value of $2,981,475.00. Following the completion of the sale, the director now owns 34,355 shares in the company, valued at $1,951,020.45. The disclosure for this sale can be found here. Insiders sold 185,701 shares of company stock worth $10,773,117 over the last quarter. 17.20% of the stock is currently owned by company insiders.
Tucows Company Profile
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.
Receive News & Stock Ratings for Tucows Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows Inc. and related stocks with our FREE daily email newsletter.