Osmium Partners Lowers stake in Tucows (USA) (TCX)

Tucows (USA) (TCX) : Osmium Partners reduced its stake in Tucows (USA) by 13.64% during the most recent quarter end. The investment management company now holds a total of 494,388 shares of Tucows (USA) which is valued at $13,580,838 after selling 78,088 shares in Tucows (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Tucows (USA) makes up approximately 16.92% of Osmium Partners’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in TCX during the most recent quarter. The investment firm sold 90,454 shares of TCX which is valued $2,484,771. Catalyst Capital Advisors sold out all of its stake in TCX during the most recent quarter. The investment firm sold 30,000 shares of TCX which is valued $824,100.Simplex Trading boosted its stake in TCX in the latest quarter, The investment management firm added 3,834 additional shares and now holds a total of 4,269 shares of Tucows (USA) which is valued at $122,691. Tucows (USA) makes up approx 0.02% of Simplex Trading’s portfolio.

Tucows (USA) closed down -0.14 points or -0.51% at $27.26 with 45,098 shares getting traded on Thursday. Post opening the session at $27.25, the shares hit an intraday low of $27.25 and an intraday high of $27.6 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Tucows (USA) reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.43. The company had revenue of $47.50 million for the quarter, compared to analysts expectations of $48.90 million. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Tucows Inc. is an Internet services provider. The Company focuses on serving the needs of network of resellers by providing services interfaces customer service reseller-oriented technology and design and development processes. The Company also provides second tier support to its resellers by e-mail and phone in the event resellers experience issues or problems with its services. In addition the Company’s Network Operating Center provides support to its resellers by monitoring services and network infrastructure. The Company operates two segments: Domain Services and Network Access Services. The Company’s primary distribution channel is a network of more than 13000 resellers in over 100 countries. The Company focuses its service offerings under four brands: OpenSRS YummyNames Hover and Ting.

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