Tucows Inc. $TCX Stock Position Boosted by Rhumbline Advisers

Rhumbline Advisers boosted its position in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,840 shares of the information services provider’s stock after purchasing an additional 563 shares during the period. Rhumbline Advisers owned approximately 0.11% of Tucows worth $200,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TCX. Bank of America Corp DE increased its holdings in shares of Tucows by 34.2% in the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider’s stock valued at $165,000 after buying an additional 2,448 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Tucows during the 1st quarter worth about $80,000. Jane Street Group LLC boosted its holdings in shares of Tucows by 45.8% during the fourth 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 period. Goldman Sachs Group Inc. boosted its stake in shares of Tucows by 89.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider’s stock valued at $627,000 after buying an additional 17,539 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Tucows during the 4th quarter valued at $361,000. Institutional investors own 73.64% of the company’s stock.

Tucows Stock Performance

NASDAQ:TCX opened at $18.77 on Friday. The company has a market capitalization of $207.97 million, a P/E ratio of -2.10 and a beta of 0.81. The stock’s 50 day moving average price is $18.91 and its 200 day moving average price is $18.50. Tucows Inc. has a 52 week low of $13.27 and a 52 week high of $23.38.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Thursday, August 7th. The information services provider reported ($1.41) earnings per share for the quarter. The company had revenue of $98.46 million during the quarter.

Insider Activity at Tucows

In related news, CEO Elliot Noss sold 3,200 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $20.44, for a total value of $65,408.00. Following the sale, the chief executive officer owned 452,098 shares of the company’s stock, valued at $9,240,883.12. The trade was a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 12,000 shares of company stock worth $252,366. 9.40% of the stock is currently owned by company insiders.

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.