Tucows Inc. (TCX) Shares Bought by TD Asset Management Inc.
TD Asset Management Inc. raised its stake in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 41.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,899 shares of the information services provider’s stock after acquiring an additional 2,300 shares during the quarter. TD Asset Management Inc. owned approximately 0.07% of Tucows worth $462,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCX. Pembroke Management LTD purchased a new stake in shares of Tucows during the 3rd quarter valued at approximately $32,284,000. Wasatch Advisors Inc. lifted its stake in shares of Tucows by 5.1% during the 3rd quarter. Wasatch Advisors Inc. now owns 131,356 shares of the information services provider’s stock valued at $7,691,000 after buying an additional 6,317 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Tucows during the 3rd quarter valued at approximately $241,000. Advisor Group Inc. lifted its stake 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 in the last quarter. Finally, California State Teachers Retirement System purchased a new stake in shares of Tucows during the 2nd quarter valued at approximately $856,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.
Shares of Tucows Inc. (NASDAQ:TCX) opened at $62.05 on Friday. The company has a market cap of $657.92, a P/E ratio of 43.90 and a beta of 1.33. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.82 and a current ratio of 0.83. Tucows Inc. has a 52 week low of $34.45 and a 52 week high of $64.65.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Tucows from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th. BidaskClub cut shares of Tucows from a “buy” rating to a “hold” rating in a research note on Friday, October 13th.
In related news, Director Erez Gissin sold 3,563 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $62.30, for a total transaction of $221,974.90. Following the sale, the director now owns 1,511 shares of the company’s stock, valued at approximately $94,135.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Allen Karp sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $63.31, for a total transaction of $189,930.00. The disclosure for this sale can be found here. Insiders have sold a total of 44,257 shares of company stock worth $2,432,155 over the last 90 days. 13.20% of the stock is currently owned by corporate insiders.
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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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