Bank of America Corp DE Increases Stock Position in Tucows Inc. (NASDAQ:TCX)

Bank of America Corp DE increased its holdings in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 34.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,604 shares of the information services provider’s stock after buying an additional 2,448 shares during the period. Bank of America Corp DE owned 0.09% of Tucows worth $165,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TCX. Northern Trust Corp grew its holdings in Tucows by 1.5% during the 4th quarter. Northern Trust Corp now owns 78,791 shares of the information services provider’s stock valued at $1,350,000 after buying an additional 1,181 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Tucows by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 80,421 shares of the information services provider’s stock valued at $1,378,000 after acquiring an additional 4,109 shares during the period. Barclays PLC grew its stake in Tucows by 10.9% during the fourth quarter. Barclays PLC now owns 12,625 shares of the information services provider’s stock valued at $216,000 after acquiring an additional 1,240 shares in the last quarter. Jane Street Group LLC grew its stake in Tucows by 45.8% during the fourth quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider’s stock valued at $341,000 after acquiring an additional 6,255 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Tucows by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 202,248 shares of the information services provider’s stock worth $3,468,000 after acquiring an additional 1,985 shares during the period. 73.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Tucows Stock Performance

Shares of TCX stock opened at $19.94 on Monday. The company has a market capitalization of $220.48 million, a PE ratio of -1.94 and a beta of 0.83. Tucows Inc. has a 52-week low of $13.27 and a 52-week high of $26.48. The business’s fifty day moving average is $17.61 and its 200 day moving average is $17.33.

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