Wells Fargo & Company MN Acquires 867 Shares of Tucows Inc. (NASDAQ:TCX)

Wells Fargo & Company MN increased its position in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 25.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,213 shares of the information services provider’s stock after purchasing an additional 867 shares during the quarter. Wells Fargo & Company MN’s holdings in Tucows were worth $72,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TCX. R Squared Ltd purchased a new stake in Tucows during the fourth quarter worth $32,000. Barclays PLC increased its position in shares of Tucows by 307.6% in the 3rd quarter. Barclays PLC now owns 11,385 shares of the information services provider’s stock valued at $238,000 after acquiring an additional 8,592 shares during the period. Charles Schwab Investment Management Inc. grew its position in Tucows by 5.4% during 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 purchasing an additional 4,109 shares during the period. Finally, Geode Capital Management LLC grew its position in Tucows by 1.0% during 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. Institutional investors own 73.64% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Tucows from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th.

Tucows Trading Up 1.4%

Shares of Tucows stock opened at $17.24 on Tuesday. The firm’s 50-day moving average price is $16.82 and its 200 day moving average price is $17.00. Tucows Inc. has a twelve month low of $13.27 and a twelve month high of $26.48. The firm has a market capitalization of $190.35 million, a PE ratio of -1.68 and a beta of 0.80.

Tucows (NASDAQ:TCX) (TSE:TC) last released its earnings results on Thursday, May 8th. The information services provider reported ($1.37) earnings per share for the quarter. The business had revenue of $94.61 million for the quarter.

Insider Activity

In other Tucows news, CEO Elliot Noss sold 7,760 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $17.25, for a total value of $133,860.00. Following the completion of the transaction, the chief executive officer now owns 470,198 shares in the company, valued at $8,110,915.50. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 15,360 shares of company stock valued at $256,617. 9.40% of the stock is currently owned by company insiders.

Tucows Company 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.