Bank of New York Mellon Corp Sells 963 Shares of Tucows Inc. (NASDAQ:TCX)

Bank of New York Mellon Corp trimmed its stake in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,443 shares of the information services provider’s stock after selling 963 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.19% of Tucows worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in Tucows by 25.9% during the 4th quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider’s stock worth $72,000 after purchasing an additional 867 shares during the last quarter. Bank of America Corp DE lifted its holdings in Tucows by 34.2% during the 4th quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider’s stock worth $165,000 after purchasing an additional 2,448 shares during the last quarter. Barclays PLC lifted its holdings in Tucows by 10.9% during the 4th quarter. Barclays PLC now owns 12,625 shares of the information services provider’s stock worth $216,000 after purchasing an additional 1,240 shares during the last quarter. Jane Street Group LLC lifted its holdings in Tucows by 45.8% during the 4th quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider’s stock worth $341,000 after purchasing an additional 6,255 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Tucows during the 4th quarter worth approximately $361,000. 73.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tucows news, CEO Elliot Noss sold 3,200 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $20.44, for a total transaction of $65,408.00. Following the transaction, the chief executive officer owned 452,098 shares in the company, valued at $9,240,883.12. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 12,800 shares of company stock worth $265,608. 11.60% of the stock is owned by company insiders.

Tucows Trading Up 9.5%

NASDAQ:TCX opened at $18.08 on Tuesday. The stock has a 50 day simple moving average of $20.19 and a 200 day simple moving average of $18.24. Tucows Inc. has a 1-year low of $13.27 and a 1-year high of $24.26. The stock has a market cap of $199.96 million, a P/E ratio of -1.96 and a beta of 0.81.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Thursday, May 8th. The information services provider reported ($1.37) EPS for the quarter. The business had revenue of $94.61 million during the quarter.

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.