Tucows (NASDAQ:TCX) Cut to Sell at StockNews.com

StockNews.com lowered shares of Tucows (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a research note published on Monday morning.

Tucows Stock Performance

Shares of TCX opened at $19.80 on Monday. Tucows has a fifty-two week low of $14.50 and a fifty-two week high of $26.48. The firm has a market cap of $218.00 million, a price-to-earnings ratio of -1.93 and a beta of 0.81. The firm has a 50 day moving average price of $16.39 and a 200-day moving average price of $18.57.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Thursday, February 13th. The information services provider reported ($1.43) earnings per share (EPS) for the quarter. The company had revenue of $93.10 million during the quarter.

Insider Transactions at Tucows

In other news, CEO Elliot Noss sold 7,760 shares of Tucows stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $17.25, for a total transaction of $133,860.00. Following the completion of the transaction, the chief executive officer now directly owns 470,198 shares in the company, valued at approximately $8,110,915.50. This trade represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 14,260 shares of company stock valued at $240,957. Company insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Tucows by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 202,248 shares of the information services provider’s stock worth $3,468,000 after purchasing an additional 1,985 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Tucows by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 80,421 shares of the information services provider’s stock valued at $1,378,000 after acquiring an additional 4,109 shares in the last quarter. Northern Trust Corp lifted its stake in Tucows by 1.5% in the 4th quarter. Northern Trust Corp now owns 78,791 shares of the information services provider’s stock worth $1,350,000 after purchasing an additional 1,181 shares in the last quarter. Bard Associates Inc. boosted its holdings 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 last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Tucows by 32.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 23,911 shares of the information services provider’s stock valued at $410,000 after purchasing an additional 5,916 shares in the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

About Tucows

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.