BNP Paribas Financial Markets Has $90,000 Position in Tucows Inc. (NASDAQ:TCX)

BNP Paribas Financial Markets reduced its stake in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 57.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,276 shares of the information services provider’s stock after selling 7,052 shares during the period. BNP Paribas Financial Markets’ holdings in Tucows were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in Tucows during the 4th quarter worth approximately $32,000. Wells Fargo & Company MN boosted its position in Tucows by 25.9% during the 4th quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider’s stock worth $72,000 after buying an additional 867 shares during the period. Barclays PLC boosted its position in Tucows by 10.9% during the 4th quarter. Barclays PLC now owns 12,625 shares of the information services provider’s stock worth $216,000 after buying an additional 1,240 shares during the period. Jane Street Group LLC boosted its position in Tucows by 45.8% during the 4th quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider’s stock worth $341,000 after buying an additional 6,255 shares during the period. Finally, Northern Trust Corp boosted its position in Tucows by 1.5% during the 4th quarter. Northern Trust Corp now owns 78,791 shares of the information services provider’s stock worth $1,350,000 after buying an additional 1,181 shares during the period. 73.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Tucows from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th.

Tucows Stock Performance

Shares of NASDAQ TCX opened at $19.56 on Monday. The company has a market capitalization of $216.27 million, a P/E ratio of -1.91 and a beta of 0.80. Tucows Inc. has a 52-week low of $13.27 and a 52-week high of $26.48. The company’s 50 day moving average price is $16.95 and its 200-day moving average price is $17.10.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Thursday, May 8th. The information services provider reported ($1.37) earnings per share (EPS) for the quarter. The firm had revenue of $94.61 million for the quarter.

About Tucows

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.