CLS Investments LLC boosted its holdings in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 50.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 407,000 shares of the information services provider’s stock after purchasing an additional 137,151 shares during the quarter. CLS Investments LLC’s holdings in Tucows were worth $28,510,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Tucows by 1.5% in the fourth quarter. BlackRock Inc. now owns 434,658 shares of the information services provider’s stock valued at $30,446,000 after acquiring an additional 6,312 shares during the period. First Allied Advisory Services Inc. boosted its holdings in shares of Tucows by 22.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 30,235 shares of the information services provider’s stock valued at $2,123,000 after acquiring an additional 5,500 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its holdings in shares of Tucows by 1.1% in the fourth quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 904,292 shares of the information services provider’s stock valued at $63,346,000 after acquiring an additional 10,000 shares during the period. Wells Fargo & Company MN raised its stake in shares of Tucows by 30.0% during the third quarter. Wells Fargo & Company MN now owns 41,349 shares of the information services provider’s stock worth $2,420,000 after purchasing an additional 9,536 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its stake in shares of Tucows by 102.3% during the third quarter. Van Berkom & Associates Inc. now owns 633,892 shares of the information services provider’s stock worth $37,084,000 after purchasing an additional 320,620 shares during the last quarter. 51.88% of the stock is owned by hedge funds and other institutional investors.
Tucows Inc. (TCX) opened at $56.95 on Tuesday. The stock has a market capitalization of $599.86, a price-to-earnings ratio of 34.54 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.82. Tucows Inc. has a 52-week low of $45.20 and a 52-week high of $71.75.
Tucows announced that its board has approved a share repurchase plan on Wednesday, February 14th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently commented on TCX shares. BidaskClub cut Tucows from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded Tucows from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th.
In other news, Director Allen Karp sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $63.31, for a total value of $189,930.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rawleigh Hazen Iv Ralls sold 6,772 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $64.09, for a total value of $434,017.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,835 shares of company stock valued at $877,867. Company insiders own 13.20% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Tucows Inc. (TCX) Shares Bought by CLS Investments LLC” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3226043/tucows-inc-tcx-shares-bought-by-cls-investments-llc.html.
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.
Want to see what other hedge funds are holding TCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tucows Inc. (NASDAQ:TCX) (TSE:TC).
Receive News & Ratings for Tucows Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows and related companies with MarketBeat.com's FREE daily email newsletter.