Psagot Investment House Ltd. trimmed its stake in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 44.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,200 shares of the information services provider’s stock after selling 8,000 shares during the period. Psagot Investment House Ltd. owned approximately 0.10% of Tucows worth $546,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in Tucows during the second quarter valued at approximately $129,000. Strs Ohio purchased a new stake in Tucows during the second quarter valued at approximately $139,000. Royal Bank of Canada increased its holdings in Tucows by 8.2% during the second quarter. Royal Bank of Canada now owns 3,571 shares of the information services provider’s stock valued at $191,000 after buying an additional 271 shares during the last quarter. Voya Investment Management LLC purchased a new stake in Tucows during the second quarter valued at approximately $223,000. Finally, Bard Associates Inc. purchased a new stake in Tucows during the first quarter valued at approximately $236,000. 42.93% of the stock is owned by hedge funds and other institutional investors.
In other Tucows news, Director Rawleigh Hazen Iv Ralls sold 6,877 shares of Tucows stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $53.50, for a total transaction of $367,919.50. Following the completion of the sale, the director now directly owns 17,649 shares in the company, valued at approximately $944,221.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 51,352 shares of company stock valued at $2,780,727. Company insiders own 13.20% of the company’s stock.
Shares of Tucows Inc. (TCX) traded up 0.923% during mid-day trading on Friday, reaching $57.375. 9,223 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $54.59 and its 200-day moving average price is $55.92. Tucows Inc. has a one year low of $27.25 and a one year high of $63.20. The company has a market capitalization of $601.81 million, a PE ratio of 38.250 and a beta of 1.40.
A number of analysts have commented on TCX shares. BidaskClub raised shares of Tucows from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Tucows from a “sell” rating to a “hold” rating in a report on Thursday, July 13th.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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