Nuveen LLC Invests $432,000 in Tucows Inc. $TCX

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 Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,594 shares of the information services provider's stock, valued at approximately $432,000. Nuveen LLC owned about 0.23% of Tucows as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Tucows by 25.9% in the fourth 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 last quarter. Bank of America Corp DE increased its position in 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 worth $165,000 after buying an additional 2,448 shares during the period. Barclays PLC increased its position in Tucows by 10.9% during the 4th quarter. Barclays PLC now owns 12,625 shares of the information services provider's stock worth $216,000 after buying an additional 1,240 shares during the period. Jane Street Group LLC lifted its holdings in shares of Tucows by 45.8% during 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, Millennium Management LLC bought a new stake in shares of Tucows in the fourth quarter valued at about $361,000. 73.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Elliot Noss sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $21.87, for a total transaction of $43,740.00. Following the sale, the chief executive officer owned 444,498 shares of the company's stock, valued at $9,721,171.26. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 12,000 shares of company stock valued at $252,366 in the last three months. Insiders own 9.40% of the company's stock.

Tucows Stock Performance

Shares of TCX stock traded down $0.18 on Wednesday, hitting $17.50. The company's stock had a trading volume of 9,996 shares, compared to its average volume of 14,102. Tucows Inc. has a fifty-two week low of $13.27 and a fifty-two week high of $23.62. The company has a market capitalization of $193.90 million, a PE ratio of -1.96 and a beta of 0.81. The stock's 50 day moving average is $19.56 and its 200-day moving average is $18.59.

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

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.