Renaissance Technologies LLC Has $3.32 Million Position in Tucows Inc. (NASDAQ:TCX)

Renaissance Technologies LLC lowered its holdings in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,051 shares of the information services provider’s stock after selling 12,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Tucows were worth $3,324,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Bard Associates Inc. boosted its holdings in Tucows by 5.2% during the 4th quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock worth $435,000 after acquiring an additional 800 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Tucows by 81.5% during the 1st quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock worth $98,000 after acquiring an additional 2,371 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Tucows by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock worth $12,964,000 after purchasing an additional 4,234 shares during the period. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its stake in shares of Tucows by 1.0% during the 4th quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,989,594 shares of the information services provider’s stock worth $53,719,000 after purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 73.64% of the company’s stock.

Insider Activity at Tucows

In related news, CEO Elliot Noss sold 1,500 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $21.27, for a total value of $31,905.00. Following the sale, the chief executive officer now directly owns 498,358 shares in the company, valued at approximately $10,600,074.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 8,600 shares of company stock worth $186,378. Company insiders own 11.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Tucows from a “sell” rating to a “hold” rating in a research note on Monday, August 12th.

Tucows Trading Up 0.0 %

NASDAQ TCX opened at $21.01 on Monday. The stock has a market capitalization of $230.08 million, a price-to-earnings ratio of -2.21 and a beta of 0.85. Tucows Inc. has a one year low of $15.65 and a one year high of $28.66. The company has a debt-to-equity ratio of 43.87, a current ratio of 0.93 and a quick ratio of 0.90. The business’s fifty day moving average is $22.20 and its 200-day moving average is $20.30.

Tucows (NASDAQ:TCX) (TSE:TC) last released its earnings results on Thursday, August 8th. The information services provider reported ($1.70) EPS for the quarter. The business had revenue of $89.42 million for the quarter. Tucows had a negative return on equity of 490.14% and a negative net margin of 26.01%.

Tucows Company 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.