Metropolitan Life Insurance Co. NY grew its holdings in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 356.7% during the 4th quarter, Holdings Channel reports. The fund owned 3,115 shares of the information services provider’s stock after purchasing an additional 2,433 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Tucows were worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in TCX. Quantamental Technologies LLC purchased a new stake in Tucows during the fourth quarter worth $78,000. BlueMountain Capital Management LLC boosted its holdings in Tucows by 344.0% during the third quarter. BlueMountain Capital Management LLC now owns 2,575 shares of the information services provider’s stock worth $144,000 after buying an additional 1,995 shares in the last quarter. CLARET ASSET MANAGEMENT Corp boosted its holdings in Tucows by 4.2% during the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 5,217 shares of the information services provider’s stock worth $314,000 after buying an additional 211 shares in the last quarter. Bank of America Corp DE boosted its holdings in Tucows by 114.4% during the fourth quarter. Bank of America Corp DE now owns 5,334 shares of the information services provider’s stock worth $320,000 after buying an additional 2,846 shares in the last quarter. Finally, BBT Capital Management LLC purchased a new stake in Tucows during the fourth quarter worth $330,000. 58.54% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Tucows from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Echelon Wealth Partners restated a “buy” rating on shares of Tucows in a research report on Tuesday, March 19th. Finally, ValuEngine upgraded shares of Tucows from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st.
NASDAQ:TCX opened at $87.03 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.58. The firm has a market cap of $926.00 million, a price-to-earnings ratio of 54.74 and a beta of 0.76. Tucows Inc. has a fifty-two week low of $49.69 and a fifty-two week high of $89.51.
Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Wednesday, February 13th. The information services provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.06). The company had revenue of $85.60 million for the quarter, compared to analyst estimates of $84.00 million. Tucows had a return on equity of 23.64% and a net margin of 4.95%. The business’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. As a group, equities research analysts predict that Tucows Inc. will post 2.01 EPS for the current year.
In other news, Director Jeffrey Nathan Schwartz sold 3,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $80.50, for a total value of $241,500.00. Following the completion of the sale, the director now directly owns 12,625 shares in the company, valued at $1,016,312.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David John Woroch sold 5,500 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $76.54, for a total transaction of $420,970.00. Following the completion of the sale, the executive vice president now owns 52,172 shares of the company’s stock, valued at $3,993,244.88. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock valued at $1,489,000 over the last 90 days. 11.80% of the stock is currently owned by company insiders.
Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.
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