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

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.

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

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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