Millennium Management LLC bought a new stake in Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,056 shares of the information services provider's stock, valued at approximately $361,000. Millennium Management LLC owned 0.19% of Tucows at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of Tucows by 1.5% in the 4th quarter. Northern Trust Corp now owns 78,791 shares of the information services provider's stock valued at $1,350,000 after acquiring an additional 1,181 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Tucows by 32.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 23,911 shares of the information services provider's stock valued at $410,000 after acquiring an additional 5,916 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Tucows by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 80,421 shares of the information services provider's stock valued at $1,378,000 after acquiring an additional 4,109 shares during the period. Barclays PLC increased its position in shares of Tucows by 10.9% in the 4th quarter. Barclays PLC now owns 12,625 shares of the information services provider's stock valued at $216,000 after acquiring an additional 1,240 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Tucows by 45.8% in the 4th quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider's stock valued at $341,000 after acquiring an additional 6,255 shares during the period. 73.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Tucows from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th.
View Our Latest Research Report on Tucows
Tucows Trading Up 0.5%
TCX traded up $0.09 during midday trading on Thursday, hitting $19.95. 9,730 shares of the company were exchanged, compared to its average volume of 36,252. The company's 50 day simple moving average is $17.49 and its 200 day simple moving average is $17.31. The firm has a market capitalization of $220.59 million, a price-to-earnings ratio of -1.94 and a beta of 0.83. Tucows Inc. has a 1-year low of $13.27 and a 1-year high of $26.48.
Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last announced its quarterly earnings results on Thursday, May 8th. The information services provider reported ($1.37) earnings per share for the quarter. The business had revenue of $94.61 million during the quarter.
About Tucows
(
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.
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