Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Tucows Inc. (NASDAQ:TCX)

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 acquired a new stake in Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in Tucows by 25.9% in 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 last quarter. Bank of America Corp DE lifted its stake in Tucows by 34.2% in 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 during the last quarter. Barclays PLC lifted its stake in 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 purchasing an additional 1,240 shares during the last quarter. Jane Street Group LLC lifted its stake in 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 purchasing an additional 6,255 shares during the last quarter. Finally, Millennium Management LLC bought a new position in Tucows in the 4th quarter valued at approximately $361,000. Institutional investors own 73.64% of the company's stock.

Insider Activity

In other news, CEO Elliot Noss sold 3,200 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $20.44, for a total transaction of $65,408.00. Following the completion of the transaction, the chief executive officer owned 452,098 shares of the company's stock, valued at approximately $9,240,883.12. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 13,600 shares of company stock worth $278,576 over the last ninety days. 9.40% of the stock is currently owned by company insiders.

Tucows Price Performance

Shares of NASDAQ:TCX opened at $20.61 on Friday. The company has a market cap of $227.95 million, a price-to-earnings ratio of -2.24 and a beta of 0.83. The firm has a 50 day simple moving average of $20.25 and a 200 day simple moving average of $18.14. Tucows Inc. has a one year low of $13.27 and a one year high of $26.48.

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

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