Charles Schwab Investment Management Inc. Buys 4,109 Shares of Tucows Inc. (NASDAQ:TCX)

Charles Schwab Investment Management Inc. grew its position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,421 shares of the information services provider’s stock after purchasing an additional 4,109 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.73% of Tucows worth $1,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC grew its stake in 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 purchasing an additional 966 shares during the period. R Squared Ltd acquired a new stake in shares of Tucows during the 4th quarter worth approximately $32,000. Geode Capital Management LLC increased its stake in shares of Tucows by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 200,263 shares of the information services provider’s stock valued at $4,185,000 after acquiring an additional 5,503 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Tucows by 307.6% during 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. Institutional investors and hedge funds own 73.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Tucows Stock Down 0.3 %

Shares of TCX stock opened at $17.04 on Friday. Tucows Inc. has a 12-month low of $14.50 and a 12-month high of $26.48. The company has a 50 day moving average of $17.61 and a 200-day moving average of $17.98. The firm has a market cap of $188.00 million, a P/E ratio of -1.66 and a beta of 0.71.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings data on Thursday, February 13th. The information services provider reported ($1.43) earnings per share for the quarter. The company had revenue of $93.10 million during the quarter.

Insiders Place Their Bets

In related news, CEO Elliot Noss sold 2,000 shares of Tucows stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $16.22, for a total transaction of $32,440.00. Following the completion of the sale, the chief executive officer now owns 481,858 shares of the company’s stock, valued at approximately $7,815,736.76. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 14,260 shares of company stock worth $240,957 in the last quarter. 11.60% of the stock is 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.