Blackhawk Capital Partners LLC Makes New Investment in Tucows Inc. $TCX

Blackhawk Capital Partners LLC purchased a new stake in Tucows Inc. (NASDAQ:TCX) (TSE:TC) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 51,618 shares of the information services provider’s stock, valued at approximately $958,000. Blackhawk Capital Partners LLC owned approximately 0.47% of Tucows as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TCX. EdgePoint Investment Group Inc. increased its holdings in Tucows by 0.6% in the second quarter. EdgePoint Investment Group Inc. now owns 2,118,575 shares of the information services provider’s stock valued at $41,877,000 after buying an additional 12,410 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Tucows by 89.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider’s stock valued at $627,000 after purchasing an additional 17,539 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Tucows by 22.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,000 shares of the information services provider’s stock worth $731,000 after purchasing an additional 6,900 shares during the last quarter. Rhumbline Advisers boosted its position in Tucows by 5.0% during the first quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider’s stock worth $200,000 after purchasing an additional 563 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Tucows by 234.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 1,726 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Tucows Stock Performance

Tucows stock opened at $24.57 on Friday. Tucows Inc. has a fifty-two week low of $13.27 and a fifty-two week high of $25.17. The company has a market capitalization of $272.73 million, a price-to-earnings ratio of -2.74 and a beta of 0.97. The stock has a fifty day moving average of $22.38 and a two-hundred day moving average of $20.30.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Thursday, November 6th. The information services provider reported ($1.42) EPS for the quarter. The company had revenue of $98.56 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tucows in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tucows has an average rating of “Sell”.

Tucows Company Profile

Tucows Inc (NASDAQ: TCX) is a diversified internet services company primarily known for its domain name registration and management business. Through its Domain Services division, Tucows operates leading reseller platforms such as OpenSRS and Enom, offering domain registration, SSL certificates, email hosting and related value-added services to web professionals, small businesses and enterprise partners worldwide. The company’s platforms enable thousands of resellers to provide branded internet services to their customers, leveraging Tucows’ infrastructure and expertise in the domain name system.

In addition to domain services, Tucows has built a growing portfolio of consumer-facing internet access offerings under the Ting brand.