Following the transaction, the director now directly owns 19,652 shares of the company's stock, valued at approximately $789,027.80. Citigroup Inc. lifted their target price on Cogent Communications Holdings from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, April 25th. Dimensional Fund Advisors Lp added to its holdings by buying 150,328 shares an increase of 11.3% in the quarter. BlackRock Inc. now owns 5,128,950 shares of the technology company's stock valued at $205,670,000 after buying an additional 172,987 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 1,867 shares of the aerospace company's stock valued at $312,000 after buying an additional 51 shares during the last quarter. Amalgamated Bank raised its position in Cogent Communications Holdings by 4.8% in the second quarter. The firm owned 14,687 shares of the aerospace company's stock after buying an additional 1,434 shares during the period. Alliancebernstein L.P. expanded its stake by buying 3,000 shares an increase of 4.5%. Thrivent Financial for Lutherans now owns 2,710 shares of the aerospace company's stock worth $412,000 after buying an additional 130 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Cogent Communications Holdings by 0.9% in the second quarter. The institutional investor owned 7,915 shares of the aerospace company's stock at the end of the second quarter. Hedge funds and other institutional investors own 67.14% of the company's stock.
TRADEMARK VIOLATION WARNING: "Consolidated Communications Holdings, Inc". The firm has a 50 day moving average price of $19.74 and a 200-day moving average price of $22.42. Company has a valuation of $1.95 B, a PE book ratio of 128.24 along with a stock beta of 0.74. Cogent Communications Holdings has a one year low of $34.23 and a one year high of $45.25.
Cogent Communications Holdings (NASDAQ:CCOI) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by $0.02. Cogent Communications Holdings had a net margin of 3.39% and a negative return on equity of 27.66%. The company had revenue of $119.80 million during the quarter, compared to analysts' expectations of $120.23 million. During the same period in the prior year, the firm earned $1.88 earnings per share.
Shares of L-3 Communications Holdings, Inc. On average, equities research analysts forecast that Consolidated Communications Holdings will post $0.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.75 per share.
In other Consolidated Communications Holdings news, Director Robert J. Currey purchased 5,000 shares of the company's stock in a transaction dated Wednesday, August 9th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 8.13%. Consolidated Communications Holdings's payout ratio is presently 15,500.00%. Consolidated Communications Holdings now has an average rating of "Hold" and a consensus target price of $24.50.
Company shares last traded at $43.65 marginally over the 50 day moving average of $41.79 and which is just over the 200 day moving average of $41.69. This repurchase authorization authorizes the aerospace company to buy up to 11.5% of its shares through open market purchases.
COPYRIGHT VIOLATION NOTICE: This story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another domain, it was illegally copied and republished in violation of worldwide copyright and trademark laws.
CNSL has been the topic of a number of other reports. Drexel Hamilton upgraded shares of L-3 Communications Holdings from a "hold" rating to a "buy" rating in a research note on Tuesday. Royal Bank Of Canada restated a "hold" rating and issued a $178.00 price target on shares of L-3 Communications Holdings in a research note on Friday, June 2nd. Raymond James Financial, Inc. upgraded shares of Consolidated Communications Holdings from an "outperform" rating to a "strong-buy" rating and set a $26.00 price objective for the company in a research note on Friday, June 9th. Zacks Investment Research lowered shares of Cogent Communications Holdings from a hold rating to a sell rating in a research report on Friday, August 4th. L-3 Communications Holdings now has a consensus rating of "Buy" and a consensus target price of $182.08. BidaskClub upgraded shares of L-3 Communications Holdings from a sell rating to a hold rating in a research report on Tuesday, June 13th. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. (NASDAQ:CCOI) shares saw light trading volume with 333K shares changing hands in the last trading session.
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems.