510,989 Shares in Tucows Inc. (NASDAQ:TCX) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Tucows Inc., purchasing 510,989 shares valued at approximately $8.63 million, representing an ownership of about 4.63% in the company.
• Institutional investors collectively own 73.64% of Tucows' stock, with notable increases in stakes from firms like Wells Fargo and Bank of America in the previous quarter.
• Tucows reported earnings of ($1.37) per share for its last quarter, with revenues amounting to $94.61 million.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 510,989 shares of the information services provider's stock, valued at approximately $8,625,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 4.63% of Tucows at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Tucows by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 202,248 shares of the information services provider's stock worth $3,468,000 after purchasing an additional 1,985 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Tucows by 5.4% in the fourth 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 in the last quarter. Northern Trust Corp raised its stake in shares of Tucows by 1.5% in the fourth 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 in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of 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 valued at $410,000 after acquiring an additional 5,916 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Tucows in the fourth quarter valued at $361,000. 73.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Elliot Noss sold 3,200 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were 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. This represents a 0.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 13,600 shares of company stock valued at $278,576. Corporate insiders own 11.60% of the company's stock.

Tucows Price Performance

Shares of NASDAQ TCX traded down $0.42 during mid-day trading on Tuesday, hitting $19.55. The company had a trading volume of 4,472 shares, compared to its average volume of 32,570. Tucows Inc. has a 1-year low of $13.27 and a 1-year high of $26.48. The company has a market capitalization of $216.17 million, a PE ratio of -2.14 and a beta of 0.83. The business's 50-day simple moving average is $20.27 and its 200 day simple moving average is $18.18.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last posted 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.

Tucows Company 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.