Cluster of Insider Selling at Tucows Inc. (USA) (TCX), Plus Other Notable Insider Transactions

Board Member of Ski-Resort Operator Offloads Shares

One member of Vail Resorts Inc. (NYSE:MTN)’s Board of Directors discarded a relatively voluminous amount of shares last week. Board member John F. Sorte liquidated 4,688 shares on Wednesday at a weighted average price of $155.94 per share. Following the Wednesday transactions, Mr. Sorte currently owns 58,759 shares.

Vail Resorts Inc. (NYSE:MTN)’s operations are predominantly focused on two business segments: Mountain and Lodging. The company’s Mountain segment operates nine mountain resort properties and three urban ski areas, while the Lodging segment owns and manages luxury hotels under the RockResorts brand, condominiums located in proximity to its mountain resorts, among others. The insider selling comes shortly after the ski-resort operator released somewhat disappointing financial results for its fiscal fourth quarter that ended July 31. Nonetheless, Vail Resorts said the number of season passes sold through September 18 for the upcoming U.S. ski season increased by around 24% in units and 29% in sales dollars versus the same period of the previous year. The shares of the ski-resort company are 24% in the green this year. Mason Hawkins’ Southeastern Asset Management was the owner of 1.07 million shares of Vail Resorts Inc. (NYSE:MTN) at the end of June.

Cluster of Insider Selling at Provider of Network Access and Domain Names

Three different insiders at Tucows Inc. (USA) (NASDAQ:TCX) offloaded shares last week. To start with, Carla A. Goertz, Executive Vice President of Human Resources, sold out her entire ownership stake of 20,708 shares on Thursday at prices that fell between $31.85 and $32.90 per share. Board member Jeffrey N. Schwartz sold 13,125 shares last Monday at prices ranging from $30.63 to $30.87 per share. Following the recent sale, Mr. Schwartz currently owns 30,625 shares. Last but not least, Allen Karp, Co-Chairman of the company’s Board of Directors, liquidated 5,000 shares on Thursday. Mr. Karp’s filing might need an amendment, as the sale prices of the freshly-sold shares do not seem realistic. The reported sale prices were between $41.70 and $41.95, well above the 52-week high of $33.94 reached last week.

The provider of network access, domain names and other Internet services has seen its market value rise by 51% since the beginning of the year. Tucows Inc. (USA) (NASDAQ:TCX)’s net revenues for the first half of 2016 rose by 12% year-over-year to $93.1 million. There were six asset managers from our system with equity stakes in Tucows at the end of the second quarter, which amassed 12% of the company’s total number of outstanding shares. John H. Lewis’ Osmium Partners owned 494,388 shares of Tucows Inc. (USA) (NASDAQ:TCX) at the end of June.

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