Wasatch Advisors Inc. reduced its position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,056 shares of the information services provider’s stock after selling 2,300 shares during the quarter. Wasatch Advisors Inc. owned 1.22% of Tucows worth $9,040,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. acquired a new stake in Tucows during the second quarter worth about $803,000. Rhumbline Advisers acquired a new stake in shares of Tucows in the 2nd quarter valued at approximately $510,000. Legal & General Group Plc acquired a new stake in Tucows during the 2nd quarter worth approximately $129,000. Swiss National Bank acquired a new stake in Tucows during the 2nd quarter worth approximately $701,000. Finally, Teachers Advisors LLC acquired a new stake in Tucows during the 2nd quarter worth approximately $864,000. 54.75% of the stock is currently owned by institutional investors.
Tucows Inc. (NASDAQ TCX) traded down $0.85 during trading hours on Friday, hitting $53.00. 158,005 shares of the stock traded hands, compared to its average volume of 156,895. The company has a market cap of $560.61, a price-to-earnings ratio of 40.77 and a beta of 0.69. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. Tucows Inc. has a 12 month low of $44.15 and a 12 month high of $71.75.
Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Thursday, November 9th. The information services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The business had revenue of $85.01 million during the quarter, compared to analyst estimates of $85.70 million. Tucows had a net margin of 4.85% and a return on equity of 35.17%. equities research analysts anticipate that Tucows Inc. will post 1.75 EPS for the current fiscal year.
Several research firms recently commented on TCX. Zacks Investment Research upgraded shares of Tucows from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. BidaskClub lowered shares of Tucows from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th.
In other news, Director Rawleigh Hazen Iv Ralls sold 6,772 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $64.09, for a total transaction of $434,017.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jody Stocks sold 500 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $63.89, for a total value of $31,945.00. Following the sale, the vice president now owns 3,324 shares in the company, valued at $212,370.36. The disclosure for this sale can be found here. Insiders have sold a total of 13,835 shares of company stock worth $877,867 over the last ninety days. Insiders own 13.20% of the company’s stock.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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