Newtyn Management LLC Purchases 55,895 Shares of Cogent Communications Holdings, Inc. $CCOI

Newtyn Management LLC increased its position in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,655,895 shares of the technology company’s stock after buying an additional 55,895 shares during the quarter. Cogent Communications accounts for approximately 2.9% of Newtyn Management LLC’s investment portfolio, making the stock its 15th largest position. Newtyn Management LLC owned approximately 3.23% of Cogent Communications worth $22,984,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BTG Pactual Asset Management US LLC bought a new stake in Cogent Communications during the 2nd quarter worth approximately $142,000. Public Employees Retirement System of Ohio acquired a new position in Cogent Communications in the 2nd quarter valued at approximately $26,000. Bank of New York Mellon Corp bought a new position in shares of Cogent Communications during the second quarter valued at $3,685,000. Shrier Wealth Management LLC raised its stake 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 valued at $326,000 after acquiring an additional 5,835 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Cogent Communications by 208.6% during the first quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company’s stock worth $27,000 after purchasing an additional 968 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCOI has been the topic of several analyst reports. Citigroup reduced their price objective on shares of Cogent Communications from $20.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, August 13th. UBS Group set a $9.00 target price on Cogent Communications in a report on Wednesday, August 19th. KeyCorp reduced their price target on Cogent Communications from $25.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Cogent Communications in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $9.00 price objective (down from $22.00) on shares of Cogent Communications in a research report on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Cogent Communications has a consensus rating of “Hold” and a consensus target price of $19.55.

Insider Transactions at Cogent Communications

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

Cogent Communications Stock Performance

NASDAQ:CCOI opened at $9.48 on Monday. Cogent Communications Holdings, Inc. has a 52 week low of $9.00 and a 52 week high of $45.69. The firm’s fifty day moving average is $11.95 and its 200-day moving average is $17.06. The firm has a market cap of $485.53 million, a P/E ratio of -9.88 and a beta of 0.80.

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

Cogent Communications Dividend Announcement

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

Cogent Communications News Roundup

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.

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.