Bard Associates Inc. Cuts Stock Position in Tucows Inc. (NASDAQ:TCX)

Bard Associates Inc. lessened its stake in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 19.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,740 shares of the information services provider’s stock after selling 4,655 shares during the quarter. Bard Associates Inc. owned approximately 0.18% of Tucows worth $338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Tucows by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 200,263 shares of the information services provider’s stock worth $4,185,000 after acquiring an additional 5,503 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Tucows by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 80,421 shares of the information services provider’s stock worth $1,378,000 after acquiring an additional 4,109 shares in the last quarter. Jane Street Group LLC increased its holdings in Tucows by 7.6% in the 3rd quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock worth $285,000 after acquiring an additional 966 shares in the last quarter. Barclays PLC increased its holdings in Tucows by 307.6% in the 3rd quarter. Barclays PLC now owns 11,385 shares of the information services provider’s stock worth $238,000 after acquiring an additional 8,592 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Tucows during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Tucows from a “hold” rating to a “sell” rating in a report on Monday, February 17th.

Insider Buying and Selling at Tucows

In other Tucows news, CEO Elliot Noss sold 7,760 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $17.25, for a total value of $133,860.00. Following the transaction, the chief executive officer now owns 470,198 shares of the company’s stock, valued at $8,110,915.50. This represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 14,260 shares of company stock valued at $240,957 over the last 90 days. 11.60% of the stock is owned by insiders.

Tucows Trading Down 1.2 %

Shares of TCX stock opened at $19.63 on Tuesday. The company’s 50-day moving average price is $16.85 and its 200-day moving average price is $18.42. The stock has a market cap of $216.52 million, a price-to-earnings ratio of -1.91 and a beta of 0.81. Tucows Inc. has a twelve month low of $14.50 and a twelve month high of $26.48.

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

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.