State Board of Administration of Florida Retirement System lessened its holdings in Tucows Inc. (NASDAQ:TCX – Get Rating) (TSE:TC) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,519 shares of the information services provider’s stock after selling 550 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.05% of Tucows worth $246,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. lifted its position in shares of Tucows by 44.9% during the 1st quarter. Van Berkom & Associates Inc. now owns 342,268 shares of the information services provider’s stock valued at $23,287,000 after acquiring an additional 105,986 shares during the period. US Bancorp DE acquired a new position in Tucows in the 2nd quarter valued at $27,000. Vanguard Group Inc. raised its holdings in Tucows by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 514,082 shares of the information services provider’s stock valued at $35,112,000 after acquiring an additional 3,640 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Tucows by 6.8% in the 1st quarter. Renaissance Technologies LLC now owns 365,851 shares of the information services provider’s stock valued at $24,980,000 after acquiring an additional 23,340 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Tucows by 4.5% during the 1st quarter. State Street Corp now owns 197,000 shares of the information services provider’s stock valued at $13,455,000 after buying an additional 8,455 shares during the period. Hedge funds and other institutional investors own 73.10% of the company’s stock.
Tucows Stock Performance
Shares of Tucows stock opened at $30.10 on Tuesday. The firm has a market cap of $324.87 million, a PE ratio of -20.20 and a beta of 0.88. Tucows Inc. has a 1 year low of $29.22 and a 1 year high of $89.14. The firm’s 50-day simple moving average is $39.90 and its 200-day simple moving average is $44.41. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.89 and a current ratio of 0.93.
Analyst Ratings Changes
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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