K.J. Harrison & Partners Inc Holds Stake in Tucows Inc. (TCX)
K.J. Harrison & Partners Inc held its position in Tucows Inc. (NASDAQ:TCX) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 56,127 shares of the company’s stock at the end of the second quarter. K.J. Harrison & Partners Inc’s holdings in Tucows were worth $1,367,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Van Berkom & Associates Inc. bought a new position in shares of Tucows during the second quarter worth approximately $142,000. Royal Bank of Canada boosted its position in shares of Tucows by 8,653.2% in the first quarter. Royal Bank of Canada now owns 6,915 shares of the company’s stock worth $155,000 after buying an additional 6,836 shares in the last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV bought a new position in shares of Tucows during the second quarter worth approximately $463,000. 20.11% of the stock is currently owned by hedge funds and other institutional investors.
Tucows Inc. (NASDAQ:TCX) traded up 3.80% during midday trading on Wednesday, reaching $28.71. The company’s stock had a trading volume of 44,276 shares. The stock’s 50 day moving average price is $27.68 and its 200-day moving average price is $25.20. Tucows Inc. has a one year low of $17.67 and a one year high of $32.03. The stock has a market cap of $299.27 million, a price-to-earnings ratio of 21.31 and a beta of 0.95.
Tucows (NASDAQ:TCX) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $47.50 million for the quarter, compared to analyst estimates of $48.90 million. Tucows had a net margin of 8.08% and a return on equity of 52.28%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. On average, analysts forecast that Tucows Inc. will post $1.53 EPS for the current fiscal year.
A number of equities research analysts have commented on TCX shares. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price target on shares of Tucows in a report on Friday, August 26th. Zacks Investment Research cut Tucows from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th.
In other Tucows news, Director Erez Gissin sold 10,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $27.25, for a total value of $272,500.00. Following the sale, the director now directly owns 7,300 shares of the company’s stock, valued at $198,925. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rawleigh Hazen Iv Ralls sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $27.46, for a total transaction of $1,373,000.00. Following the completion of the sale, the director now directly owns 281,575 shares in the company, valued at $7,732,049.50. The disclosure for this sale can be found here. Insiders own 17.20% of the company’s stock.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.
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