Causeway Capital Management Decreased New Oriental Ed & Tech Grp I (EDU) Holding; Cogent Communications Holdings, Inc. (CCOI) Had 8 Analysts Last Week

April 18, 2018 - By Adrian Mccoy

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Logo

Causeway Capital Management Llc decreased New Oriental Ed & Tech Grp I (EDU) stake by 12.06% reported in 2017Q4 SEC filing. Causeway Capital Management Llc sold 117,500 shares as New Oriental Ed & Tech Grp I (EDU)’s stock declined 4.38%. The Causeway Capital Management Llc holds 856,786 shares with $80.54 million value, down from 974,286 last quarter. New Oriental Ed & Tech Grp I now has $14.73 billion valuation. The stock increased 0.83% or $0.77 during the last trading session, reaching $93.17. About 579,692 shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 50.87% since April 18, 2017 and is uptrending. It has outperformed by 39.32% the S&P500.

Among 19 analysts covering Cogent Communications Group Inc. (NASDAQ:CCOI), 8 have Buy rating, 3 Sell and 8 Hold. Therefore 42% are positive. Cogent Communications Group Inc. had 51 analyst reports since August 7, 2015 according to SRatingsIntel. On Thursday, August 10 the stock rating was maintained by Oppenheimer with “Buy”. The stock of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has “Sell” rating given on Friday, August 7 by Off Wall Street. The rating was maintained by Jefferies with “Hold” on Thursday, August 3. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, September 17. The firm has “Outperform” rating given on Friday, February 26 by RBC Capital Markets. The rating was maintained by Cowen & Co on Wednesday, October 18 with “Hold”. The stock of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has “Buy” rating given on Friday, July 7 by RBC Capital Markets. As per Friday, February 23, the company rating was maintained by Jefferies. The firm has “Hold” rating by SunTrust given on Friday, November 3. Deutsche Bank maintained Cogent Communications Holdings, Inc. (NASDAQ:CCOI) rating on Friday, July 14. Deutsche Bank has “Buy” rating and $48 target. See Cogent Communications Holdings, Inc. (NASDAQ:CCOI) latest ratings:

04/04/2018 Broker: William Blair Rating: Buy Maintain
13/03/2018 Broker: Guggenheim Rating: Neutral New Target: $45 Initiates Coverage On
22/02/2018 Broker: Cowen & Co Rating: Hold New Target: $37.0 Maintain
23/02/2018 Broker: Jefferies Rating: Hold New Target: $46.0 Maintain
23/02/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $52 New Target: $50 Maintain
06/12/2017 Broker: SunTrust Rating: Hold New Target: $47.0 Maintain
05/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $46.0 Maintain
03/11/2017 Broker: SunTrust Rating: Hold New Target: $45.0 Downgrade
02/11/2017 Broker: Jefferies Rating: Hold New Target: $43.0 Maintain
03/11/2017 Broker: Raymond James Old Rating: Market Perform New Rating: Underperform Downgrade

Investors sentiment decreased to 1.17 in 2017 Q4. Its down 0.20, from 1.37 in 2017Q3. It dropped, as 17 investors sold Cogent Communications Holdings, Inc. shares while 60 reduced holdings. 34 funds opened positions while 56 raised stakes. 42.99 million shares or 0.92% less from 43.39 million shares in 2017Q3 were reported. Secor Cap Advsrs L P invested in 8,517 shares. Emerald Advisers Pa, Pennsylvania-based fund reported 319,701 shares. Citigroup holds 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) or 1,463 shares. Ameriprise Fincl Inc reported 268,316 shares. Fmr Llc invested in 2.06M shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement reported 30,936 shares. Texas Yale Capital reported 0.09% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Systematic Fincl Management L P stated it has 31,195 shares. State Street Corporation holds 0% of its portfolio in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) for 1.08M shares. The California-based Wells Fargo & Mn has invested 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Swiss State Bank stated it has 0% of its portfolio in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Arrowstreet Capital L P has invested 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Bradley Foster Sargent Inc Ct invested in 0.03% or 17,578 shares. 3,590 were reported by Ameritas Prtnrs. Royal Bancorporation Of Canada reported 266,169 shares or 0.01% of all its holdings.

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Asia. The company has market cap of $2.20 billion. The firm offers on-net Internet access services to bandwidth-intensive users, such as universities, other Internet service providers, telephone companies, cable television companies, Web hosting companies, content delivery network companies, and commercial content and application service providers; and to corporate clients located in multi-tenant office buildings, including law firms, financial services firms, advertising and marketing firms, and other professional services businesses. It has a 373.85 P/E ratio. It also provides its on-net services in carrier-neutral data centers, Cogent controlled data centers, and single-tenant office buildings.

Since December 15, 2017, it had 0 insider buys, and 9 insider sales for $1.04 million activity. WEED THADDEUS GERARD sold 6,000 shares worth $271,015. Another trade for 5,000 shares valued at $235,000 was made by Montagner Marc on Friday, December 15. Another trade for 1,700 shares valued at $74,120 was made by WEINGARTEN TIM on Friday, March 16. BEURY ROBERT N JR also sold $129,519 worth of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) shares. 1,000 shares were sold by ONEILL TIMOTHY G, worth $45,750 on Thursday, April 12. BUBECK JAMES sold 300 shares worth $12,902. The insider KILMER HENRY W sold 3,000 shares worth $130,081.

The stock increased 2.53% or $1.2 during the last trading session, reaching $48.6. About 300,096 shares traded or 4.75% up from the average. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has risen 0.60% since April 18, 2017 and is uptrending. It has underperformed by 10.95% the S&P500.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Institutional Positions Chart

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