Geode Capital Management LLC Boosts Stake in Tucows Inc. (NASDAQ:TCX)

Geode Capital Management LLC lifted its position in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,263 shares of the information services provider’s stock after purchasing an additional 5,503 shares during the quarter. Geode Capital Management LLC owned approximately 1.82% of Tucows worth $4,185,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TCX. Bard Associates Inc. grew its position in Tucows by 22.3% during the 3rd quarter. Bard Associates Inc. now owns 24,395 shares of the information services provider’s stock worth $510,000 after purchasing an additional 4,450 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Tucows by 7.6% during the third quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock worth $285,000 after buying an additional 966 shares during the period. Finally, Barclays PLC grew its holdings in shares of Tucows by 307.6% during the third quarter. Barclays PLC now owns 11,385 shares of the information services provider’s stock worth $238,000 after buying an additional 8,592 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Tucows Stock Down 1.9 %

TCX opened at $16.46 on Monday. Tucows Inc. has a 52 week low of $15.01 and a 52 week high of $26.48. The business has a 50 day moving average price of $17.05 and a two-hundred day moving average price of $19.67. The company has a market cap of $181.14 million, a PE ratio of -1.99 and a beta of 0.82.

Insider Activity

In related news, CEO Elliot Noss sold 3,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $19.24, for a total transaction of $57,720.00. Following the completion of the sale, the chief executive officer now directly owns 488,758 shares of the company’s stock, valued at $9,403,703.92. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 6,000 shares of company stock valued at $115,440. Company insiders own 11.60% of the company’s stock.

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.