Millennium Management LLC Takes Position in Tucows Inc. (NASDAQ:TCX)

Millennium Management LLC purchased a new stake in shares of Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,056 shares of the information services provider's stock, valued at approximately $361,000. Millennium Management LLC owned about 0.19% of Tucows as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased 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 valued at $72,000 after purchasing an additional 867 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 valued at $165,000 after purchasing an additional 2,448 shares in the last quarter. Barclays PLC increased its position in shares of Tucows by 10.9% during the fourth quarter. Barclays PLC now owns 12,625 shares of the information services provider's stock valued at $216,000 after buying an additional 1,240 shares during the period. Jane Street Group LLC raised its stake in Tucows by 45.8% in the fourth quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider's stock worth $341,000 after buying an additional 6,255 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Tucows by 32.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 23,911 shares of the information services provider's stock worth $410,000 after buying an additional 5,916 shares during the period. Hedge funds and other institutional investors own 73.64% of the company's stock.

Tucows Stock Performance

Shares of TCX traded down $0.01 during mid-day trading on Friday, reaching $19.94. The company had a trading volume of 20,049 shares, compared to its average volume of 36,282. Tucows Inc. has a 52 week low of $13.27 and a 52 week high of $26.48. The company has a market capitalization of $220.48 million, a price-to-earnings ratio of -1.94 and a beta of 0.83. The firm has a 50-day moving average price of $17.61 and a 200 day moving average price of $17.33.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last released its earnings results on Thursday, May 8th. The information services provider reported ($1.37) EPS for the quarter. The business had revenue of $94.61 million during the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Tucows from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th.

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.