MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company has market cap of $581.60 million. It operates through two divisions, Transmission and Distribution, and Commercial and Industrial. It has a 35.08 P/E ratio. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to clients in the electric utility and the renewable energy industries.
The stock of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is a huge mover today! The stock decreased 2.35% or $1.1 during the last trading session, reaching $45.75. About 99,724 shares traded. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has risen 1.01% since December 4, 2016 and is uptrending. It has underperformed by 15.69% the S&P500.The move comes after 5 months negative chart setup for the $2.05 billion company. It was reported on Dec, 4 by Barchart.com. We have $43.92 PT which if reached, will make NASDAQ:CCOI worth $81.92 million less.
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 $2.05 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 130.71 P/E ratio. It also provides its on-net services in carrier-neutral data centers, Cogent controlled data centers, and single-tenant office buildings.
Analysts await Cogent Communications Holdings, Inc. (NASDAQ:CCOI) to report earnings on February, 22. They expect $0.12 EPS, up 33.33% or $0.03 from last year’s $0.09 per share. CCOI’s profit will be $5.37M for 95.31 P/E if the $0.12 EPS becomes a reality. After $0.08 actual EPS reported by Cogent Communications Holdings, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.
Investors sentiment increased to 1.46 in Q2 2017. Its up 0.41, from 1.05 in 2017Q1. It increased, as 18 investors sold Cogent Communications Holdings, Inc. shares while 45 reduced holdings. 20 funds opened positions while 72 raised stakes. 42.50 million shares or 0.08% less from 42.53 million shares in 2017Q1 were reported. Ancora Limited Company invested in 6,699 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,418 shares. 598,458 are owned by Northern Tru Corp. Texas Permanent School Fund reported 29,897 shares stake. Wells Fargo And Com Mn stated it has 0% of its portfolio in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Parametric Portfolio Assocs Ltd has 78,552 shares. Voya Invest Ltd Liability Company holds 0.11% of its portfolio in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) for 1.22 million shares. Alliancebernstein L P invested 0% of its portfolio in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Oppenheimer stated it has 138,114 shares or 0.15% of all its holdings. Amer Registered Invest Advisor holds 0.36% or 21,415 shares in its portfolio. State Board Of Administration Of Florida Retirement System stated it has 30,936 shares. Finance Architects Incorporated reported 75 shares stake. Schwab Charles Investment Mngmt, a California-based fund reported 186,866 shares. Gareth Morgan Lp owns 30,144 shares for 0.11% of their portfolio. Barclays Plc invested in 7,458 shares or 0% of the stock.
Since June 5, 2017, it had 0 buys, and 2 insider sales for $187,385 activity. WEINGARTEN TIM also sold $95,677 worth of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) shares. KILMER HENRY W sold 3,000 shares worth $122,400. The insider WEED THADDEUS GERARD sold $91,708.
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 45 analyst reports since August 7, 2015 according to SRatingsIntel. RBC Capital Markets initiated Cogent Communications Holdings, Inc. (NASDAQ:CCOI) on Tuesday, September 22 with “Outperform” rating. Deutsche Bank maintained Cogent Communications Holdings, Inc. (NASDAQ:CCOI) rating on Friday, July 14. Deutsche Bank has “Buy” rating and $48 target. The stock has “Outperform” rating by RBC Capital Markets on Friday, February 26. The rating was upgraded by Drexel Hamilton to “Buy” on Friday, October 16. The stock has “Buy” rating by RBC Capital Markets on Sunday, November 5. The rating was maintained by FBR Capital with “Underperform” on Monday, February 27. On Monday, September 26 the stock rating was reinitiated by JP Morgan with “Neutral”. As per Thursday, August 3, the company rating was maintained by Oppenheimer. The company was maintained on Friday, August 7 by Off Wall Street. The stock of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) earned “Buy” rating by Suntrust Robinson on Tuesday, December 13.
Corbyn Investment Management Inc Md holds 3.18% of its portfolio in MYR Group Inc. for 327,227 shares. Thomson Horstmann & Bryant Inc owns 304,260 shares or 1.22% of their US portfolio. Moreover, Investment Counselors Of Maryland Llc has 0.99% invested in the company for 613,566 shares. The California-based Phocas Financial Corp. has invested 0.67% in the stock. Teton Advisors Inc., a New York-based fund reported 137,674 shares.
Analysts await MYR Group Inc. (NASDAQ:MYRG) to report earnings on March, 8. They expect $0.35 earnings per share, down 27.08% or $0.13 from last year’s $0.48 per share. MYRG’s profit will be $5.76 million for 25.24 P/E if the $0.35 EPS becomes a reality. After $0.31 actual earnings per share reported by MYR Group Inc. for the previous quarter, Wall Street now forecasts 12.90% EPS growth.
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