Renaissance Technologies LLC Decreases Stock Position in Tucows Inc. (NASDAQ:TCX)

Renaissance Technologies LLC trimmed its position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,851 shares of the information services provider’s stock after selling 9,300 shares during the quarter. Renaissance Technologies LLC owned approximately 1.42% of Tucows worth $2,671,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TCX. R Squared Ltd acquired a new position in shares of Tucows during the 4th quarter worth approximately $32,000. Wells Fargo & Company MN boosted its stake in Tucows by 25.9% during the fourth quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider’s stock worth $72,000 after buying an additional 867 shares during the last quarter. Barclays PLC grew its holdings in Tucows by 307.6% in the 3rd quarter. Barclays PLC now owns 11,385 shares of the information services provider’s stock valued at $238,000 after buying an additional 8,592 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Tucows by 7.6% in the 3rd quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock worth $285,000 after acquiring an additional 966 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Tucows by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 80,421 shares of the information services provider’s stock worth $1,378,000 after acquiring an additional 4,109 shares during the period. 73.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Tucows Stock Performance

TCX opened at $16.96 on Friday. The stock has a market capitalization of $187.26 million, a PE ratio of -1.65 and a beta of 0.81. Tucows Inc. has a one year low of $13.27 and a one year high of $26.48. The business’s 50 day moving average price is $17.55 and its 200 day moving average price is $17.26.

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

Insider Activity

In related news, CEO Elliot Noss sold 7,760 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $17.25, for a total value of $133,860.00. Following the sale, the chief executive officer now owns 470,198 shares in the company, valued at approximately $8,110,915.50. The trade was a 1.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 14,860 shares of company stock valued at $247,829. Company insiders own 11.60% of the company’s stock.

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.