Cogent Communications Holdings, Inc. $CCOI Stock Holdings Lifted by Redmond Asset Management LLC

Redmond Asset Management LLC lifted its position in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 45.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,082 shares of the technology company’s stock after acquiring an additional 62,828 shares during the period. Cogent Communications comprises approximately 1.1% of Redmond Asset Management LLC’s holdings, making the stock its 20th largest position. Redmond Asset Management LLC’s holdings in Cogent Communications were worth $4,314,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Cogent Communications by 3.6% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 7,534 shares of the technology company’s stock worth $289,000 after acquiring an additional 262 shares in the last quarter. Keybank National Association OH increased its position in shares of Cogent Communications by 5.7% in the third quarter. Keybank National Association OH now owns 6,835 shares of the technology company’s stock worth $262,000 after acquiring an additional 370 shares in the last quarter. Empowered Funds LLC increased its position in shares of Cogent Communications by 10.3% in the first quarter. Empowered Funds LLC now owns 5,466 shares of the technology company’s stock worth $335,000 after acquiring an additional 510 shares in the last quarter. Quarry LP purchased a new position in shares of Cogent Communications in the third quarter worth approximately $27,000. Finally, Farther Finance Advisors LLC increased its position in shares of Cogent Communications by 56.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,092 shares of the technology company’s stock worth $45,000 after acquiring an additional 756 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

Cogent Communications Stock Performance

Shares of CCOI opened at $21.62 on Thursday. The company’s 50 day moving average price is $19.75 and its 200 day moving average price is $21.13. Cogent Communications Holdings, Inc. has a 52 week low of $14.82 and a 52 week high of $54.37. The company has a market capitalization of $1.08 billion, a PE ratio of -6.09 and a beta of 0.85.

Cogent Communications (NASDAQ:CCOI) last announced its quarterly earnings data on Monday, May 4th. The technology company reported ($0.83) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.20. Cogent Communications had a negative net margin of 17.53% and a negative return on equity of 842.48%. The firm had revenue of $239.19 million for the quarter, compared to the consensus estimate of $241.31 million. During the same period in the previous year, the firm posted ($1.09) earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Cogent Communications Holdings, Inc. will post -3.92 earnings per share for the current fiscal year.

Cogent Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.08 dividend on an annualized basis and a yield of 0.4%. Cogent Communications’s payout ratio is presently -2.25%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CCOI shares. UBS Group dropped their target price on shares of Cogent Communications from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Williams Trading set a $40.00 price objective on shares of Cogent Communications in a research report on Monday, February 23rd. TD Cowen lowered their price objective on shares of Cogent Communications from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. KeyCorp lowered their price objective on shares of Cogent Communications from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Cogent Communications from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cogent Communications has an average rating of “Hold” and an average price target of $24.90.

Insider Buying and Selling at Cogent Communications

In other Cogent Communications news, VP Henry W. Kilmer sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $23.35, for a total value of $56,040.00. Following the completion of the sale, the vice president directly owned 41,000 shares of the company’s stock, valued at $957,350. The trade was a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Thaddeus Gerard Weed sold 4,850 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $22.63, for a total transaction of $109,755.50. Following the completion of the sale, the chief financial officer directly owned 202,750 shares of the company’s stock, valued at $4,588,232.50. This represents a 2.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 12,756 shares of company stock valued at $292,467. 4.20% of the stock is currently owned by insiders.

Trending Headlines about Cogent Communications

Here are the key news stories impacting Cogent Communications this week:

• Positive Sentiment: Cogent announced a definitive agreement to sell 10 data center facilities for $225 million in cash to an entity sponsored by I Squared Capital, a move that could strengthen liquidity and sharpen the company’s focus on core operations. Cogent Communications Announces Definitive Agreement to Sell 10 Data Center Facilities
• Neutral Sentiment: Zacks Research updated several earnings estimates for Cogent, including modestly higher forecasts for Q1 2027 and Q4 2026, which suggests some near-term earnings improvement expectations but not enough to change the broader picture.
• Negative Sentiment: The same analyst report series also lowered earnings estimates for multiple periods, including Q2 2026, Q3 2026, Q2 2027, Q3 2027, Q4 2027, FY2026, FY2027, and FY2028, reinforcing concerns that Cogent may continue to post losses for an extended period.

Cogent Communications Company Profile

Cogent Communications (NASDAQ:CCOI) is a multinational Internet service provider specializing in high-speed Internet access and data transport services. The company operates one of the largest Tier 1 IP networks in the world, offering wholesale and enterprise customers reliable, low-latency connectivity. Cogent’s core services include dedicated Internet access, Ethernet transport, wavelength services, and MPLS-based IP Virtual Private Networks, all delivered over its privately owned, fiber-optic backbone.

In addition to network connectivity, Cogent provides data center colocation and managed services designed to support businesses with demanding bandwidth and redundancy requirements.