Tucows Inc. (NASDAQ:TCX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,575 shares of the information services provider’s stock after selling 1,765 shares during the period. Rhumbline Advisers owned about 0.11% of Tucows worth $243,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted 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 buying an additional 2,371 shares during the last quarter. Bard Associates Inc. lifted its stake in Tucows by 5.2% during the fourth quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock worth $435,000 after purchasing an additional 800 shares during the last quarter. Vanguard Group Inc. lifted its stake in Tucows by 0.6% during the first 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 last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its holdings in Tucows by 1.0% in the fourth 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. 73.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Tucows Stock Performance

Shares of TCX opened at $21.01 on Friday. The firm has a market capitalization of $230.08 million, a PE ratio of -2.21 and a beta of 0.85. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 43.87. The firm has a 50-day moving average price of $22.20 and a 200 day moving average price of $20.27. Tucows Inc. has a 52-week low of $15.65 and a 52-week high of $28.66.

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

Insider Activity at Tucows

In other news, CEO Elliot Noss sold 1,500 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $21.27, for a total transaction of $31,905.00. Following the completion of the sale, the chief executive officer now directly owns 498,358 shares of the company’s stock, valued at approximately $10,600,074.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 8,600 shares of company stock valued at $186,378 over the last ninety days. Insiders own 11.60% of the company’s stock.

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.