Df Dent & Co Has Raised Its Cogent Communications (CCOI) Stake; Cit Group (CIT) Market Value Rose While Amalgamated Bank Has Cut by $310,905 Its Holding

January 17, 2018 - By Dolores Ford

Df Dent & Co Inc increased its stake in Cogent Communications (CCOI) by 28.94% based on its latest 2017Q3 regulatory filing with the SEC. Df Dent & Co Inc bought 7,963 shares as the company’s stock declined 9.38% while stock markets rallied. The institutional investor held 35,481 shares of the technology company at the end of 2017Q3, valued at $1.74 million, up from 27,518 at the end of the previous reported quarter. Df Dent & Co Inc who had been investing in Cogent Communications for a number of months, seems to be bullish on the $1.99 billion market cap company. The stock decreased 1.88% or $0.85 during the last trading session, reaching $44.45. About 187,382 shares traded. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has risen 1.01% since January 17, 2017 and is uptrending. It has underperformed by 15.69% the S&P500.

Amalgamated Bank decreased its stake in Cit Group Inc (CIT) by 32.19% based on its latest 2017Q3 regulatory filing with the SEC. Amalgamated Bank sold 6,345 shares as the company’s stock rose 7.62% with the market. The institutional investor held 13,366 shares of the consumer services company at the end of 2017Q3, valued at $656,000, down from 19,711 at the end of the previous reported quarter. Amalgamated Bank who had been investing in Cit Group Inc for a number of months, seems to be less bullish one the $6.84B market cap company. The stock decreased 2.03% or $1.08 during the last trading session, reaching $52.13. About 852,377 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since January 17, 2017 and is uptrending. It has outperformed by 29.51% the S&P500.

Investors sentiment decreased to 1.37 in Q3 2017. Its down 0.09, from 1.46 in 2017Q2. It is negative, as 16 investors sold CCOI shares while 49 reduced holdings. 25 funds opened positions while 64 raised stakes. 43.39 million shares or 2.10% more from 42.50 million shares in 2017Q2 were reported. Employees Retirement Association Of Colorado has 0% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Bnp Paribas Arbitrage holds 21,898 shares. Sector Pension Inv Board reported 25,918 shares or 0.01% of all its holdings. Raymond James Assoc has 0.04% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Moreover, State Of Tennessee Treasury Department has 0.01% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Amer Registered Inv Advisor Inc reported 0.43% stake. Parametric Portfolio Associates Lc holds 84,403 shares or 0% of its portfolio. Cadence Management Lc owns 28,951 shares for 0.09% of their portfolio. Moody Bancshares Division holds 0.04% or 16,200 shares in its portfolio. Tci Wealth Advisors invested in 0% or 13 shares. Citigroup Inc invested in 0% or 3,715 shares. Pnc Svcs Grp stated it has 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Renaissance Techs Limited Liability Co holds 0.14% or 2.42 million shares. Creative Planning invested in 0% or 5,379 shares. Mig Cap Limited Liability Corporation reported 9.21% stake.

Since August 1, 2017, it had 0 buys, and 16 selling transactions for $2.04 million activity. KUMMER RAYMOND B sold 3,000 shares worth $140,578. $235,000 worth of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) was sold by Montagner Marc. BUBECK JAMES had sold 500 shares worth $21,781. 10,000 Cogent Communications Holdings, Inc. (NASDAQ:CCOI) shares with value of $432,495 were sold by BROOKS STEVEN D. On Monday, October 2 ONEILL TIMOTHY G sold $97,500 worth of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) or 2,000 shares. The insider BEURY ROBERT N JR sold $140,261.

Among 17 analysts covering Cogent Communications Group Inc. (NASDAQ:CCOI), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. Cogent Communications Group Inc. had 46 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Hold” rating by SunTrust on Wednesday, December 6. Oppenheimer maintained Cogent Communications Holdings, Inc. (NASDAQ:CCOI) on Thursday, August 10 with “Buy” rating. RBC Capital Markets maintained the shares of CCOI in report on Sunday, September 17 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Friday, July 7. The firm earned “Hold” rating on Thursday, November 2 by Jefferies. Oppenheimer maintained Cogent Communications Holdings, Inc. (NASDAQ:CCOI) rating on Thursday, August 3. Oppenheimer has “Buy” rating and $4700 target. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 27. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, February 23 report. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, May 2. As per Tuesday, August 11, the company rating was maintained by Canaccord Genuity.

Df Dent & Co Inc, which manages about $3.85B US Long portfolio, decreased its stake in Trimble Inc (NASDAQ:TRMB) by 60,861 shares to 2.44 million shares, valued at $95.69M in 2017Q3, according to the filing. It also reduced its holding in Transdigm Group Inc (NYSE:TDG) by 9,403 shares in the quarter, leaving it with 237,330 shares, and cut its stake in S & P Global Inc.

Amalgamated Bank, which manages about $3.21B US Long portfolio, upped its stake in Crown Castle Intl Corp (NYSE:CCI) by 5,292 shares to 48,530 shares, valued at $4.85M in 2017Q3, according to the filing. It also increased its holding in Philip Morris International (NYSE:PM) by 3,397 shares in the quarter, for a total of 175,910 shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.67, from 0.34 in 2017Q2. It increased, as 23 investors sold CIT shares while 91 reduced holdings. 43 funds opened positions while 72 raised stakes. 134.52 million shares or 7.51% less from 145.43 million shares in 2017Q2 were reported. Apg Asset Mngmt Nv stated it has 0.03% of its portfolio in CIT Group Inc. (NYSE:CIT). 37,977 are held by Lombard Odier Asset (Usa) Corp. New York-based Glg Ltd Llc has invested 0.11% in CIT Group Inc. (NYSE:CIT). Oaktree Cap Mngmt Limited Partnership has invested 0.07% in CIT Group Inc. (NYSE:CIT). Bar Harbor Ser owns 144,357 shares. Advisory Services Network holds 0% or 138 shares in its portfolio. Commercial Bank Of Montreal Can holds 0.01% of its portfolio in CIT Group Inc. (NYSE:CIT) for 184,429 shares. Highland Cap Mgmt Limited Partnership reported 1.06% stake. Mackenzie Finance accumulated 290,592 shares or 0.08% of the stock. Owl Creek Asset Mgmt LP invested 6.67% of its portfolio in CIT Group Inc. (NYSE:CIT). Pub Employees Retirement Association Of Colorado holds 25,263 shares. 481,066 were accumulated by Philadelphia Trust. Lsv Asset Mngmt stated it has 3.53 million shares. Capital Ww Invsts accumulated 8.12 million shares or 0.09% of the stock. Sumitomo Mitsui reported 522,815 shares or 0.04% of all its holdings.

Since August 11, 2017, it had 0 insider purchases, and 2 insider sales for $162,688 activity. Solk Steve sold $65,700 worth of stock or 1,460 shares.

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. CIT Group had 57 analyst reports since July 23, 2015 according to SRatingsIntel. On Friday, August 21 the stock rating was initiated by DA Davidson with “Buy”. The firm has “Neutral” rating given on Monday, August 15 by Credit Suisse. The firm has “Outperform” rating given on Tuesday, October 6 by Oppenheimer. The firm has “Hold” rating given on Thursday, July 27 by Keefe Bruyette & Woods. The stock of CIT Group Inc. (NYSE:CIT) has “Hold” rating given on Thursday, June 29 by Credit Suisse. The firm earned “Buy” rating on Tuesday, July 25 by Oppenheimer. The firm has “Buy” rating given on Friday, August 11 by Oppenheimer. The stock of CIT Group Inc. (NYSE:CIT) has “Outperform” rating given on Tuesday, January 5 by Oppenheimer. BMO Capital Markets maintained CIT Group Inc. (NYSE:CIT) on Friday, October 6 with “Sell” rating. The stock of CIT Group Inc. (NYSE:CIT) has “Buy” rating given on Tuesday, July 25 by BTIG Research.

Analysts await CIT Group Inc. (NYSE:CIT) to report earnings on January, 30. They expect $0.82 EPS, up 38.98% or $0.23 from last year’s $0.59 per share. CIT’s profit will be $107.64 million for 15.89 P/E if the $0.82 EPS becomes a reality. After $1.02 actual EPS reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: