California Public Employees Retirement System boosted its stake in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 6.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 43,900 shares of the information services provider’s stock after purchasing an additional 2,500 shares during the period. California Public Employees Retirement System owned approximately 0.42% of Tucows worth $2,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. TD Asset Management Inc. grew its position in Tucows by 8.6% during the 2nd quarter. TD Asset Management Inc. now owns 5,599 shares of the information services provider’s stock worth $300,000 after purchasing an additional 445 shares during the period. D.A. Davidson & CO. grew its position in Tucows by 27.1% during the 2nd quarter. D.A. Davidson & CO. now owns 7,701 shares of the information services provider’s stock worth $412,000 after purchasing an additional 1,643 shares during the period. Goldman Sachs Group Inc. grew its position in Tucows by 15.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,816 shares of the information services provider’s stock worth $705,000 after purchasing an additional 1,816 shares during the period. Airain ltd grew its position in Tucows by 34.4% during the 2nd quarter. Airain ltd now owns 7,593 shares of the information services provider’s stock worth $406,000 after purchasing an additional 1,945 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Tucows during the 2nd quarter worth about $129,000. 46.54% of the stock is currently owned by institutional investors.

TCX has been the topic of several analyst reports. Zacks Investment Research downgraded Tucows from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. BidaskClub raised Tucows from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th.

In other news, Director Rawleigh Hazen Iv Ralls sold 13,658 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $55.68, for a total value of $760,477.44. Following the completion of the sale, the director now directly owns 22,548 shares of the company’s stock, valued at $1,255,472.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 51,352 shares of company stock valued at $2,780,727 over the last ninety days. Corporate insiders own 13.20% of the company’s stock.

Shares of Tucows Inc. (NASDAQ TCX) opened at 57.35 on Tuesday. The stock’s 50 day moving average price is $56.02 and its 200-day moving average price is $56.35. The firm has a market capitalization of $605.21 million, a PE ratio of 40.42 and a beta of 1.40. Tucows Inc. has a 52-week low of $27.25 and a 52-week high of $63.20.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://theolympiareport.com/2017/10/31/california-public-employees-retirement-system-has-2-35-million-holdings-in-tucows-inc-tcx.html.

Tucows Company Profile

Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.