SG Americas Securities LLC Invests $120,000 in Tucows Inc. (NASDAQ:TCX)

SG Americas Securities LLC bought a new position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,449 shares of the information services provider’s stock, valued at approximately $120,000.

Several other large investors have also made changes to their positions in the business. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its stake in shares of Tucows by 2.7% during the 3rd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,969,594 shares of the information services provider’s stock worth $40,199,000 after buying an additional 51,050 shares during the period. BlackRock Inc. raised its stake in shares of Tucows by 3.7% during the 2nd quarter. BlackRock Inc. now owns 676,640 shares of the information services provider’s stock worth $18,770,000 after buying an additional 23,931 shares during the period. Vanguard Group Inc. raised its stake in shares of Tucows by 16.6% during the 3rd quarter. Vanguard Group Inc. now owns 591,450 shares of the information services provider’s stock worth $22,126,000 after buying an additional 84,384 shares during the period. Renaissance Technologies LLC raised its stake in shares of Tucows by 6.8% during the 1st quarter. Renaissance Technologies LLC now owns 365,851 shares of the information services provider’s stock worth $24,980,000 after buying an additional 23,340 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Tucows by 7.5% during the 2nd quarter. Geode Capital Management LLC now owns 202,487 shares of the information services provider’s stock worth $5,617,000 after buying an additional 14,082 shares during the period. 73.64% of the stock is owned by institutional investors and hedge funds.

Tucows Stock Down 0.2 %

Shares of TCX opened at $17.47 on Friday. The company has a debt-to-equity ratio of 43.87, a quick ratio of 1.17 and a current ratio of 1.21. Tucows Inc. has a one year low of $15.65 and a one year high of $33.44. The stock has a market capitalization of $189.20 million, a price-to-earnings ratio of -1.97 and a beta of 0.94. The stock has a 50 day moving average price of $18.96 and a 200 day moving average price of $20.86.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Thursday, February 22nd. The information services provider reported ($2.14) EPS for the quarter. Tucows had a negative return on equity of 198.27% and a negative net margin of 28.35%. The firm had revenue of $86.96 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded Tucows from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th.

Insider Buying and Selling

In related news, CEO Elliot Noss sold 5,175 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $18.43, for a total transaction of $95,375.25. Following the completion of the sale, the chief executive officer now directly owns 516,758 shares in the company, valued at $9,523,849.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.70% of the stock is owned by company insiders.

Tucows Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.