Schwab Charles Investment Management Inc. purchased a new stake in Tucows Inc. (NASDAQ:TCX) (TSE:TC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,000 shares of the information services provider’s stock, valued at approximately $803,000. Schwab Charles Investment Management Inc. owned approximately 0.14% of Tucows as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. TD Asset Management Inc. lifted its position in Tucows by 8.6% in the 2nd quarter. TD Asset Management Inc. now owns 5,599 shares of the information services provider’s stock valued at $300,000 after acquiring an additional 445 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Tucows by 15.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,816 shares of the information services provider’s stock valued at $705,000 after acquiring an additional 1,816 shares in the last quarter. Strs Ohio bought a new position in Tucows in the 2nd quarter valued at about $139,000. California Public Employees Retirement System lifted its position in Tucows by 13.1% in the 1st quarter. California Public Employees Retirement System now owns 41,400 shares of the information services provider’s stock valued at $2,113,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its position in Tucows by 6.6% in the 2nd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 503,961 shares of the information services provider’s stock valued at $25,892,000 after acquiring an additional 31,011 shares in the last quarter. 46.54% of the stock is currently owned by institutional investors and hedge funds.

Tucows Inc. (TCX) opened at 58.45 on Wednesday. Tucows Inc. has a 52-week low of $27.25 and a 52-week high of $63.20. The company has a market cap of $616.82 million, a PE ratio of 41.19 and a beta of 1.40. The firm’s 50 day moving average is $56.26 and its 200 day moving average is $56.37.

COPYRIGHT VIOLATION NOTICE: “Schwab Charles Investment Management Inc. Purchases New Stake in Tucows Inc. (TCX)” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://theolympiareport.com/2017/11/01/schwab-charles-investment-management-inc-purchases-new-stake-in-tucows-inc-tcx.html.

Several equities analysts have commented on the stock. BidaskClub cut shares of Tucows from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of Tucows from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.

In other news, Director Rawleigh Hazen Iv Ralls sold 6,877 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $53.50, for a total value of $367,919.50. Following the transaction, the director now owns 17,649 shares in the company, valued at $944,221.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders sold 51,352 shares of company stock worth $2,780,727. Insiders own 13.20% of the company’s stock.

About Tucows

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.

Want to see what other hedge funds are holding TCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tucows Inc. (NASDAQ:TCX) (TSE:TC).

Institutional Ownership by Quarter for Tucows (NASDAQ:TCX)

Receive News & Ratings for Tucows Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.