30,100 Shares in Tucows Inc. $TCX Bought by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired 30,100 shares of Tucows Inc., valued at approximately $510,000, marking a new position for the firm in the company's stock.
• Several institutional investors have increased their stakes in Tucows, with major boosts coming from Wells Fargo (25.9%), Bank of America (34.2%), and Jane Street Group (45.8%) during the 4th quarter.
• Tucows has reported a net loss of ($1.41) per share in its most recent earnings, with quarterly revenue of $98.46 million.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,100 shares of the information services provider's stock, valued at approximately $510,000. Connor Clark & Lunn Investment Management Ltd. owned 0.27% of Tucows at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TCX. Wells Fargo & Company MN boosted its position in Tucows by 25.9% during the 4th quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider's stock worth $72,000 after purchasing an additional 867 shares during the period. Bank of America Corp DE boosted its position in Tucows by 34.2% during the 4th quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock worth $165,000 after purchasing an additional 2,448 shares during the period. Barclays PLC boosted its position in Tucows by 10.9% during the 4th quarter. Barclays PLC now owns 12,625 shares of the information services provider's stock worth $216,000 after purchasing an additional 1,240 shares during the period. Jane Street Group LLC boosted its position in Tucows by 45.8% during the 4th quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider's stock worth $341,000 after purchasing an additional 6,255 shares during the period. Finally, Millennium Management LLC purchased a new stake in Tucows during the 4th quarter worth $361,000. 73.64% of the stock is owned by hedge funds and other institutional investors.

Tucows Trading Down 2.9%

Shares of Tucows stock opened at $18.47 on Tuesday. The company has a fifty day moving average price of $20.14 and a 200 day moving average price of $18.45. Tucows Inc. has a twelve month low of $13.27 and a twelve month high of $24.02. The stock has a market cap of $204.65 million, a price-to-earnings ratio of -2.07 and a beta of 0.81.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last posted its quarterly earnings data on Thursday, August 7th. The information services provider reported ($1.41) earnings per share for the quarter. The business had revenue of $98.46 million for the quarter.

Insiders Place Their Bets

In other Tucows news, CEO Elliot Noss sold 3,200 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $20.44, for a total value of $65,408.00. Following the completion of the transaction, the chief executive officer directly owned 452,098 shares of the company's stock, valued at $9,240,883.12. This represents a 0.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 12,000 shares of company stock valued at $252,366. Corporate insiders own 11.60% of the company's stock.

About Tucows

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.

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