Newtyn Management LLC Has $22.98 Million Stock Holdings in Cogent Communications Holdings, Inc. $CCOI

Newtyn Management LLC boosted its position in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 3.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,655,895 shares of the technology company’s stock after buying an additional 55,895 shares during the period. Cogent Communications makes up approximately 2.9% of Newtyn Management LLC’s portfolio, making the stock its 15th biggest position. Newtyn Management LLC’s holdings in Cogent Communications were worth $22,984,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BTG Pactual Asset Management US LLC bought a new position in Cogent Communications in the second quarter worth approximately $142,000. Public Employees Retirement System of Ohio bought a new stake in shares of Cogent Communications during the second quarter valued at approximately $26,000. Bank of New York Mellon Corp acquired a new position in shares of Cogent Communications during the second quarter worth approximately $3,685,000. Shrier Wealth Management LLC raised its position in shares of Cogent Communications by 33.1% during the second quarter. Shrier Wealth Management LLC now owns 23,453 shares of the technology company’s stock worth $326,000 after purchasing an additional 5,835 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Cogent Communications by 208.6% in the 1st quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company’s stock worth $27,000 after purchasing an additional 968 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

Key Cogent Communications News

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

• Neutral Sentiment: The lawsuit covers investors who purchased Cogent securities between February 29, 2024, and May 1, 2026. Investors seeking to serve as lead plaintiff must apply by September 21, 2026. The announcements are largely procedural and promotional notices from plaintiffs’ law firms, and do not represent a court finding that Cogent committed wrongdoing. Kaplan Fox class-action deadline notice
• Negative Sentiment: The complaints allege that Cogent failed to disclose problems involving demand and its wavelength backlog, potentially misleading investors about growth prospects. Several notices reference an approximately 29% stock decline following the alleged disclosures, while one describes investor losses of roughly $69 per share. These are allegations contained in the litigation, not independently established facts. Cogent securities fraud class-action allegations
• Negative Sentiment: The litigation adds legal, reputational and potential financial risks for Cogent. The stock has already declined substantially and is trading near its 52-week low, while recent quarterly revenue fell year over year and the company remains unprofitable, increasing investor sensitivity to the allegations.

Analyst Ratings Changes

Several analysts recently issued reports on CCOI shares. Citigroup reduced their price target on shares of Cogent Communications from $20.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, August 13th. UBS Group set a $9.00 price objective on shares of Cogent Communications in a research note on Wednesday, August 19th. Wells Fargo & Company reduced their price objective on shares of Cogent Communications from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, August 7th. TD Cowen lowered their target price on shares of Cogent Communications from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, KeyCorp lowered their target price on shares of Cogent Communications from $25.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cogent Communications presently has an average rating of “Hold” and an average price target of $19.55.

Insider Activity

In related news, CFO Thaddeus Gerard Weed sold 4,850 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $16.79, for a total transaction of $81,431.50. Following the transaction, the chief financial officer directly owned 197,900 shares in the company, valued at approximately $3,322,741. The trade was a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Henry W. Kilmer sold 2,400 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.01, for a total transaction of $40,824.00. Following the completion of the sale, the vice president directly owned 38,600 shares of the company’s stock, valued at $656,586. The trade was a 5.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is currently owned by insiders.

Cogent Communications Stock Performance

NASDAQ CCOI opened at $9.48 on Monday. The firm has a market capitalization of $485.53 million, a P/E ratio of -9.88 and a beta of 0.80. The business has a fifty day simple moving average of $11.95 and a 200 day simple moving average of $17.06. Cogent Communications Holdings, Inc. has a 12 month low of $9.00 and a 12 month high of $45.69.

Cogent Communications (NASDAQ:CCOI) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.00) by $2.38. Cogent Communications had a negative net margin of 4.73% and a negative return on equity of 842.48%. The firm had revenue of $235.56 million for the quarter, compared to the consensus estimate of $239.55 million. During the same period in the previous year, the firm earned ($1.21) EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Cogent Communications Holdings, Inc. will post -3.01 EPS for the current fiscal year.

Cogent Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 21st. Cogent Communications’s dividend payout ratio (DPR) is presently -8.33%.

About Cogent Communications

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.