25,594 Shares in Tucows Inc. $TCX Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired a $432,000 stake in Tucows Inc., holding 25,594 shares as reported in its 13F filing with the SEC.
• Several institutional investors increased their holdings in Tucows, with Wells Fargo and Bank of America boosting their stakes by 25.9% and 34.2%, respectively, in the fourth quarter.
• Tucows reported a quarterly loss of ($1.41) earnings per share and a revenue of $98.46 million, with its shares currently trading at $17.98.

Nuveen LLC purchased a new stake in shares of Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 25,594 shares of the information services provider's stock, valued at approximately $432,000. Nuveen LLC owned approximately 0.23% of Tucows at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Tucows during the 1st quarter valued at approximately $510,000. GSA Capital Partners LLP grew its holdings in Tucows by 123.6% during the 1st quarter. GSA Capital Partners LLP now owns 38,199 shares of the information services provider's stock valued at $645,000 after buying an additional 21,112 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Tucows during the 1st quarter valued at approximately $8,625,000. Millennium Management LLC purchased a new position in Tucows during the 4th quarter valued at approximately $361,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in Tucows by 32.9% during 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 buying an additional 5,916 shares in the last quarter. Hedge funds and other institutional investors own 73.64% of the company's stock.

Tucows Price Performance

Shares of Tucows stock traded down $0.15 on Friday, reaching $17.83. The company had a trading volume of 5,641 shares, compared to its average volume of 13,727. The firm has a market cap of $197.56 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The firm's 50-day moving average price is $19.71 and its two-hundred day moving average price is $18.62. Tucows Inc. has a 1 year low of $13.27 and a 1 year high of $24.02.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last announced its 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 during the quarter.

Insider Activity at Tucows

In other news, CEO Elliot Noss sold 3,200 shares of Tucows stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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 owned 452,098 shares in the company, valued at approximately $9,240,883.12. The trade was a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 12,000 shares of company stock valued at $252,366. 9.40% of the stock is currently owned by insiders.

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.