Bank of New York Mellon Corp Sells 2,743 Shares of Tucows Inc. (NASDAQ:TCX)

Bank of New York Mellon Corp cut its position in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,300 shares of the information services provider’s stock after selling 2,743 shares during the period. Bank of New York Mellon Corp owned about 0.26% of Tucows worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TCX. BNP Paribas Financial Markets boosted its stake in shares of Tucows by 81.5% in the first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock worth $98,000 after acquiring an additional 2,371 shares during the period. Vanguard Group Inc. increased its stake in Tucows by 0.6% during the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock worth $12,964,000 after acquiring an additional 4,234 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its stake in shares of Tucows by 1.0% in the fourth quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,989,594 shares of the information services provider’s stock valued at $53,719,000 after acquiring an additional 20,000 shares during the period. Finally, Bard Associates Inc. boosted its holdings in Tucows by 5.2% during the 4th quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock valued at $435,000 after acquiring an additional 800 shares during the period. 73.64% of the stock is currently owned by institutional investors.

Tucows Trading Down 4.0 %

TCX opened at $21.00 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 43.87. The firm has a market cap of $229.97 million, a price-to-earnings ratio of -2.21 and a beta of 0.85. Tucows Inc. has a 12 month low of $15.65 and a 12 month high of $28.66. The stock has a fifty day moving average price of $22.32 and a 200-day moving average price of $20.24.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Thursday, August 8th. The information services provider reported ($1.70) EPS for the quarter. Tucows had a negative return on equity of 490.14% and a negative net margin of 26.01%. The firm had revenue of $89.42 million for the quarter.

Insider Transactions at Tucows

In other news, CEO Elliot Noss sold 5,700 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $22.03, for a total transaction of $125,571.00. Following the transaction, the chief executive officer now owns 511,058 shares in the company, valued at $11,258,607.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 11.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Tucows from a “sell” rating to a “hold” rating in a report on Monday, August 12th.

About Tucows

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.