Tucows Inc. (NASDAQ:TCX) Major Shareholder Master Fund Ltd. Blacksheep Sells 9,600 Shares of Stock

Tucows Inc. (NASDAQ:TCXGet Rating) (TSE:TC) major shareholder Master Fund Ltd. Blacksheep sold 9,600 shares of the stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $33.69, for a total value of $323,424.00. Following the transaction, the insider now directly owns 1,137,651 shares in the company, valued at approximately $38,327,462.19. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Master Fund Ltd. Blacksheep also recently made the following trade(s):

  • On Friday, November 4th, Master Fund Ltd. Blacksheep sold 1,252 shares of Tucows stock. The stock was sold at an average price of $41.50, for a total value of $51,958.00.
  • On Monday, October 31st, Master Fund Ltd. Blacksheep sold 2,493 shares of Tucows stock. The stock was sold at an average price of $45.04, for a total value of $112,284.72.
  • On Friday, October 28th, Master Fund Ltd. Blacksheep sold 1,100 shares of Tucows stock. The stock was sold at an average price of $45.03, for a total value of $49,533.00.
  • On Wednesday, October 26th, Master Fund Ltd. Blacksheep sold 3,200 shares of Tucows stock. The stock was sold at an average price of $45.17, for a total value of $144,544.00.

Tucows Price Performance

TCX stock opened at $36.33 on Tuesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market capitalization of $392.11 million, a P/E ratio of -24.38 and a beta of 0.70. The business’s 50-day moving average is $32.37 and its two-hundred day moving average is $40.09. Tucows Inc. has a 1 year low of $28.01 and a 1 year high of $80.26.

Tucows (NASDAQ:TCXGet Rating) (TSE:TC) last posted its quarterly earnings results on Thursday, November 3rd. The information services provider reported ($0.74) earnings per share (EPS) for the quarter. The company had revenue of $78.05 million during the quarter. Tucows had a negative net margin of 4.96% and a negative return on equity of 14.33%.

Institutional Investors Weigh In On Tucows

A number of hedge funds have recently bought and sold shares of the stock. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its position in Tucows by 16.7% in the 3rd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,695,439 shares of the information services provider’s stock valued at $63,426,000 after purchasing an additional 242,711 shares in the last quarter. EdgePoint Investment Group Inc. raised its position in Tucows by 9.6% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,446,019 shares of the information services provider’s stock valued at $54,490,000 after purchasing an additional 126,709 shares in the last quarter. Vanguard Group Inc. raised its position in Tucows by 16.6% in the 3rd quarter. Vanguard Group Inc. now owns 591,450 shares of the information services provider’s stock valued at $22,126,000 after purchasing an additional 84,384 shares in the last quarter. Renaissance Technologies LLC raised its position in Tucows by 0.7% in the 2nd quarter. Renaissance Technologies LLC now owns 368,451 shares of the information services provider’s stock valued at $16,400,000 after purchasing an additional 2,600 shares in the last quarter. Finally, State Street Corp raised its position in Tucows by 1.3% in the 2nd quarter. State Street Corp now owns 199,551 shares of the information services provider’s stock valued at $8,882,000 after purchasing an additional 2,551 shares in the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Tucows from a “sell” rating to a “hold” rating in a research note on Friday, January 13th.

About Tucows

(Get Rating)

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Europe. It operates through three segments: Fiber Internet Services, Mobile Services, and Domain Services. The Fiber Internet Services segment provides fixed high-speed Internet access services to individuals and small businesses primarily through the Ting website, and other billing solutions to small internet service providers.

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