Wasatch Advisors Inc. cut its position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 12.4% during the 1st quarter, Holdings Channel reports. The firm owned 43,231 shares of the information services provider’s stock after selling 6,125 shares during the quarter. Wasatch Advisors Inc.’s holdings in Tucows were worth $3,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in Tucows in the 4th quarter valued at about $78,000. Legal & General Group Plc grew its stake in Tucows by 17.5% in the 4th quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock valued at $108,000 after buying an additional 267 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Tucows by 49,575.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,987 shares of the information services provider’s stock valued at $161,000 after buying an additional 1,983 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Tucows by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,115 shares of the information services provider’s stock valued at $187,000 after buying an additional 2,433 shares during the last quarter. Finally, CLARET ASSET MANAGEMENT Corp grew its stake in Tucows by 4.2% in the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 5,217 shares of the information services provider’s stock valued at $314,000 after buying an additional 211 shares during the last quarter. Institutional investors own 55.94% of the company’s stock.

In other news, CEO Elliot Noss sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $79.52, for a total transaction of $119,280.00. Following the completion of the sale, the chief executive officer now owns 555,635 shares of the company’s stock, valued at approximately $44,184,095.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David John Woroch sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $76.54, for a total transaction of $420,970.00. Following the sale, the executive vice president now directly owns 52,172 shares of the company’s stock, valued at approximately $3,993,244.88. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock valued at $1,489,000 in the last three months. Insiders own 11.80% of the company’s stock.

NASDAQ TCX traded up $0.64 during trading on Friday, reaching $62.48. The company’s stock had a trading volume of 71,693 shares, compared to its average volume of 81,899. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $665.72 million, a P/E ratio of 39.30 and a beta of 0.78. Tucows Inc. has a 12 month low of $49.69 and a 12 month high of $90.21.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Wednesday, May 8th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The business had revenue of $78.95 million during the quarter, compared to the consensus estimate of $83.00 million. Tucows had a net margin of 4.92% and a return on equity of 21.03%. The business’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Equities analysts expect that Tucows Inc. will post 1.94 EPS for the current year.

A number of research analysts recently commented on TCX shares. BidaskClub upgraded shares of Tucows from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th. Echelon Wealth Partners downgraded shares of Tucows from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. ValuEngine downgraded shares of Tucows from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Tucows from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Wednesday, April 17th.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2019/05/25/tucows-inc-tcx-stake-decreased-by-wasatch-advisors-inc.html.

Tucows Company Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.

Featured Story: How to read a candlestick chart

Want to see what other hedge funds are holding TCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tucows Inc. (NASDAQ:TCX) (TSE:TC).

Institutional Ownership by Quarter for Tucows (NASDAQ:TCX)

Receive News & Ratings for Tucows Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows and related companies with MarketBeat.com's FREE daily email newsletter.