Charles Schwab Investment Management Inc. Sells 1,116 Shares of Tucows Inc. (NASDAQ:TCX)

Charles Schwab Investment Management Inc. lowered its holdings in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 76,312 shares of the information services provider’s stock after selling 1,116 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Tucows were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Bard Associates Inc. raised its stake in shares of Tucows by 22.3% during the 3rd quarter. Bard Associates Inc. now owns 24,395 shares of the information services provider’s stock valued at $510,000 after purchasing an additional 4,450 shares during the period. 73.64% of the stock is owned by institutional investors.

Tucows Stock Up 2.4 %

Tucows stock opened at $16.99 on Tuesday. The business has a 50-day simple moving average of $17.88 and a 200 day simple moving average of $20.16. Tucows Inc. has a 52 week low of $15.01 and a 52 week high of $28.66. The stock has a market cap of $186.97 million, a price-to-earnings ratio of -2.05 and a beta of 0.83.

Insider Buying and Selling

In related news, CEO Elliot Noss sold 1,500 shares of Tucows stock in a transaction on Friday, September 27th. The shares were sold at an average price of $21.27, for a total value of $31,905.00. Following the transaction, the chief executive officer now owns 498,358 shares in the company, valued at $10,600,074.66. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 18,000 shares of company stock worth $369,639. Insiders own 11.60% of the company’s stock.

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.