Nisa Investment Advisors LLC Boosts Holdings in Tucows Inc. (NASDAQ:TCX)

Nisa Investment Advisors LLC raised its stake in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 16,766.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,012 shares of the information services provider’s stock after acquiring an additional 1,006 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tucows were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TCX. Harbor Capital Advisors Inc. lifted its stake in Tucows by 36.5% in the third quarter. Harbor Capital Advisors Inc. now owns 2,152 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 576 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Tucows by 53.4% in the third quarter. National Bank of Canada FI now owns 2,860 shares of the information services provider’s stock valued at $56,000 after buying an additional 995 shares during the period. SG Americas Securities LLC bought a new stake in shares of Tucows in the fourth quarter valued at $120,000. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its position in shares of Tucows by 2.7% during the 3rd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,969,594 shares of the information services provider’s stock valued at $40,199,000 after buying an additional 51,050 shares during the last quarter. 73.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Tucows from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th.

Insiders Place Their Bets

In other news, CEO Elliot Noss sold 5,175 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $18.43, for a total transaction of $95,375.25. Following the sale, the chief executive officer now directly owns 516,758 shares in the company, valued at $9,523,849.94. The sale was disclosed in a document filed with the SEC, which is available at this link. 11.70% of the stock is owned by corporate insiders.

Tucows Stock Performance

Shares of TCX stock opened at $17.62 on Tuesday. The firm’s 50 day moving average is $18.77 and its 200 day moving average is $20.86. The stock has a market capitalization of $190.82 million, a P/E ratio of -1.99 and a beta of 0.94. Tucows Inc. has a 12 month low of $15.65 and a 12 month high of $33.44. The company has a current ratio of 1.21, a quick ratio of 1.17 and a debt-to-equity ratio of 43.87.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Thursday, February 22nd. The information services provider reported ($2.14) earnings per share (EPS) for the quarter. The company had revenue of $86.96 million for the quarter. Tucows had a negative return on equity of 198.27% and a negative net margin of 28.35%.

Tucows Profile

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.