Manitou Investment Management Ltd. Has $883,000 Stock Position in Tucows Inc. (NASDAQ:TCX)

Manitou Investment Management Ltd. reduced its position in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 73.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,308 shares of the information services provider’s stock after selling 44,006 shares during the period. Tucows comprises 0.2% of Manitou Investment Management Ltd.’s holdings, making the stock its 24th largest position. Manitou Investment Management Ltd. owned about 0.15% of Tucows worth $883,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TCX. Bank of Montreal Can lifted its position in Tucows by 840.4% during the second quarter. Bank of Montreal Can now owns 2,097 shares of the information services provider’s stock worth $128,000 after acquiring an additional 1,874 shares during the last quarter. Royal Bank of Canada lifted its position in Tucows by 24.6% during the second quarter. Royal Bank of Canada now owns 4,081 shares of the information services provider’s stock worth $249,000 after acquiring an additional 806 shares during the last quarter. CLARET ASSET MANAGEMENT Corp lifted its position in Tucows by 7.8% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 6,432 shares of the information services provider’s stock worth $348,000 after acquiring an additional 463 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Tucows by 156.8% during the second quarter. JPMorgan Chase & Co. now owns 5,961 shares of the information services provider’s stock worth $354,000 after acquiring an additional 3,640 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in Tucows by 17.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 7,949 shares of the information services provider’s stock worth $485,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 63.82% of the company’s stock.

TCX has been the subject of several research reports. Zacks Investment Research downgraded shares of Tucows from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine upgraded shares of Tucows from a “strong sell” rating to a “sell” rating in a research report on Friday. TheStreet downgraded shares of Tucows from a “b-” rating to a “c+” rating in a research report on Monday, July 29th. Finally, BidaskClub upgraded shares of Tucows from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Tucows has an average rating of “Hold” and an average price target of $100.00.

Shares of TCX traded down $0.06 during mid-day trading on Friday, hitting $59.24. 44,400 shares of the company’s stock were exchanged, compared to its average volume of 88,001. The firm has a market cap of $596.84 million, a price-to-earnings ratio of 37.26 and a beta of 1.17. The stock’s 50-day simple moving average is $55.05 and its 200-day simple moving average is $58.34. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.26. Tucows Inc. has a 52 week low of $45.01 and a 52 week high of $90.21.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Wednesday, August 7th. The information services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). The business had revenue of $84.11 million for the quarter, compared to analyst estimates of $81.00 million. Tucows had a return on equity of 18.67% and a net margin of 4.57%. Tucows’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Analysts forecast that Tucows Inc. will post 1.19 earnings per share for the current fiscal year.

In related news, CEO Elliot Noss sold 1,500 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $51.24, for a total value of $76,860.00. Following the transaction, the chief executive officer now owns 551,260 shares in the company, valued at $28,246,562.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.50% of the stock is owned by insiders.

Tucows Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.

Read More: What is included in the gross domestic product?

Want to see what other hedge funds are holding TCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tucows Inc. (NASDAQ:TCX) (TSE:TC).

Institutional Ownership by Quarter for Tucows (NASDAQ:TCX)

Receive News & Ratings for Tucows Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows and related companies with MarketBeat.com's FREE daily email newsletter.