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Goldman Sachs Group Inc. Acquires 17,539 Shares of Tucows Inc. $TCX

Tucows logo with Computer and Technology background

Key Points

  • Goldman Sachs Group Inc. increased its stake in Tucows Inc. by 89.6% in the first quarter, owning a total of 37,119 shares valued at approximately $627,000.
  • Other institutional investors have also modified their holdings, with 73.64% of Tucows stock now owned by institutional investors.
  • Tucows reported a loss of ($1.41) EPS for the last quarter, with revenues of $98.46 million.
  • Five stocks we like better than Tucows.

Goldman Sachs Group Inc. grew its position in Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC by 89.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,119 shares of the information services provider's stock after purchasing an additional 17,539 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.34% of Tucows worth $627,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC bought a new position in shares of Tucows in the first quarter valued at approximately $80,000. Bank of America Corp DE raised its position in shares of Tucows by 34.2% in the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock valued at $165,000 after purchasing an additional 2,448 shares during the period. Rhumbline Advisers raised its position in shares of Tucows by 5.0% in the first quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider's stock valued at $200,000 after purchasing an additional 563 shares during the period. Jane Street Group LLC raised its position in shares of Tucows by 45.8% in the fourth quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider's stock valued at $341,000 after purchasing an additional 6,255 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Tucows in the fourth quarter valued at approximately $361,000. Institutional investors own 73.64% of the company's stock.

Tucows Stock Up 0.2%

NASDAQ:TCX opened at $19.04 on Thursday. Tucows Inc. has a 12 month low of $13.27 and a 12 month high of $23.38. The firm has a market cap of $210.96 million, a price-to-earnings ratio of -2.13 and a beta of 0.81. The company's 50 day moving average is $18.98 and its 200-day moving average is $18.51.

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

Insider Activity

In other news, CEO Elliot Noss sold 2,000 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $21.87, for a total value of $43,740.00. Following the sale, the chief executive officer owned 444,498 shares in the company, valued at approximately $9,721,171.26. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 12,000 shares of company stock valued at $252,366 in the last 90 days. Company insiders own 9.40% of the company's stock.

Tucows Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC.

Institutional Ownership by Quarter for Tucows (NASDAQ:TCX)

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