Virginia Retirement Systems ET AL increased its position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 116.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,000 shares of the information services provider’s stock after acquiring an additional 12,900 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.23% of Tucows worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in Tucows in the 2nd quarter worth about $129,000. Strs Ohio purchased a new stake in shares of Tucows during the 2nd quarter valued at about $139,000. Advisor Group Inc. raised its holdings in shares of Tucows by 59.9% during the 3rd quarter. Advisor Group Inc. now owns 2,783 shares of the information services provider’s stock valued at $163,000 after buying an additional 1,043 shares during the period. Royal Bank of Canada raised its holdings in shares of Tucows by 8.2% during the 2nd quarter. Royal Bank of Canada now owns 3,571 shares of the information services provider’s stock valued at $191,000 after buying an additional 271 shares during the period. Finally, Voya Investment Management LLC purchased a new stake in Tucows during the 2nd quarter worth approximately $223,000. 54.68% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Rawleigh Hazen Iv Ralls sold 20,697 shares of Tucows stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $53.62, for a total transaction of $1,109,773.14. Following the transaction, the director now owns 17,649 shares in the company, valued at $946,339.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Allen Karp sold 3,000 shares of Tucows stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $63.31, for a total value of $189,930.00. The disclosure for this sale can be found here. Insiders have sold 40,694 shares of company stock worth $2,210,180 over the last ninety days. 13.20% of the stock is owned by insiders.
Shares of Tucows Inc. (TCX) opened at $62.65 on Thursday. Tucows Inc. has a 12 month low of $33.83 and a 12 month high of $64.65. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $666.39, a price-to-earnings ratio of 44.68 and a beta of 1.33.
A number of research firms recently issued reports on TCX. Zacks Investment Research lowered Tucows from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th. BidaskClub downgraded Tucows from a “buy” rating to a “hold” rating in a research note on Friday, October 13th.
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Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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