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Yahoo
23-05-2025
- Business
- Yahoo
Here's Recurve Capital Partners' Update on Cogent Communications Holdings (CCOI)
Recurve Capital, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The first quarter was a volatile start to the year for the company. In Q1 2025, the fund returned -12.7% gross and -13% for Class A investors compared to -4.6% returns for the S&P 500 and -10.4% returns for the Nasdaq. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Recurve Capital highlighted stocks such as Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Cogent Communications Holdings, Inc. (NASDAQ:CCOI) provides high-speed Internet access, private network, and data center colocation space services. The one-month return of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) was -14.21%, and its shares lost 21.53% of their value over the last 52 weeks. On May 22, 2025, Cogent Communications Holdings, Inc. (NASDAQ:CCOI) stock closed at $45.90 per share with a market capitalization of $2.265 billion. Recurve Capital stated the following regarding Cogent Communications Holdings, Inc. (NASDAQ:CCOI) in its Q1 2025 investor letter: "Let's zoom in on Cogent Communications Holdings, Inc. (NASDAQ:CCOI), one of our worst performers YTD – an unfortunate and surprising fact given the utility-like nature of its business model that almost completely dodges tariffs. Cogent is down idiosyncratically. I An aerial view of an internet exchange point, illustrating the importance of an online service provider. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Cogent Communications Holdings, Inc. (NASDAQ:CCOI) at the end of the fourth quarter compared to 27 in the third quarter. While we acknowledge the potential of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Cogent Communications Holdings, Inc. (NASDAQ:CCOI) and shared the list of best telecom stocks to buy according to hedge funds. In its Q4 2024 investor letter, Recurve Capital highlighted Cogent Communications Holdings, Inc.'s (NASDAQ:CCOI) long term success in connectivity markets. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Fox Sports
22-05-2025
- Sport
- Fox Sports
Stars take 1-0 series lead into game 2 against the Oilers
Associated Press Edmonton Oilers (48-29-5, in the Pacific Division) vs. Dallas Stars (50-26-6, in the Central Division) Dallas; Friday, 8 p.m. EDT BETMGM SPORTSBOOK LINE: Stars -124, Oilers +104; over/under is 6.5 STANLEY CUP SEMIFINALS: Stars lead series 1-0 BOTTOM LINE: The Dallas Stars host the Edmonton Oilers in the third round of the NHL Playoffs with a 1-0 lead in the series. The teams meet Wednesday for the fifth time this season. The Stars won the previous matchup 6-3. Tyler Seguin scored two goals in the win. Dallas has gone 35-11-3 at home and 50-26-6 overall. The Stars have a 27-12-3 record when they commit fewer penalties than their opponent. Edmonton has a 27-19-2 record on the road and a 48-29-5 record overall. The Oilers have given up 235 goals while scoring 259 for a +24 scoring differential. TOP PERFORMERS: Jason Robertson has 35 goals and 44 assists for the Stars. Mikko Rantanen has nine goals and 10 assists over the last 10 games. Connor McDavid has 26 goals and 74 assists for the Oilers. Evan Bouchard has scored five goals with five assists over the last 10 games. LAST 10 GAMES: Stars: 7-3-0, averaging 3.3 goals, 5.8 assists, 4.6 penalties and 12 penalty minutes while giving up 2.4 goals per game. Oilers: 8-2-0, averaging 3.9 goals, 6.6 assists, 3.3 penalties and 7.1 penalty minutes while giving up 2.7 goals per game. INJURIES: Stars: None listed. Oilers: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. recommended
Business Standard
21-05-2025
- Business
- Business Standard
Indices trade with decent gains; IT shares jump
The domestic equity indices traded with moderate gains in mid-afternoon trade, supported by sustained buying interest. Investors remained focused on global cues and Q4 earnings announcements. The Nifty traded above the 24,800 level. IT shares jumped after declining in the past three trading sessions. At 14:25 IST, the barometer index, the S&P BSE Sensex gained 392.80 points or 0.48% to 81,578.72. The Nifty 50 index rose 119 points or 0.48% to 24,802.90. In the broader market, the S&P BSE Mid-Cap index rallied 0.73% and the S&P BSE Small-Cap index added 0.22%. The market breadth was positive. On the BSE, 2,057 shares rose and 1,851 shares fell. A total of 148 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.58% to 17.84. Economy: India's infrastructure output, which tracks activity across eight sectors and makes up 40% of the country's industrial production, grew at 0.5% annually in April as against 4.6% in March, data from Ministry of Commerce & Industry showed on Tuesday. The Index of eight Core Industries is the measure of combined and individual performance of production of eight core industries: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. India's retail inflation for farm as well as rural workers eased marginally to 3.48% and 3.53%, respectively, in April this year compared to the pace of price hikes for the two categories at 3.73% and 3.86% recorded in March. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) increased by 1 point each in April 2025 to stand at 1307 and 1320 points, respectively. The CPI-AL and CPI-RL were 1306 points and 1319 points, respectively, in March. Buzzing Index: The Nifty IT index rallied 0.72% to 37,552.35. The index declined 2.64% in the past three trading sessions. Tech Mahindra (up 1.31%), Coforge (up 0.79%), Tata Consultancy Services (up 0.77%), HCL Technologies (up 0.63%), LTIMindtree (up 0.55%), Wipro (up 0.5%), Mphasis (up 0.45%), Infosys (up 0.27%) and Persistent Systems (up 0.13%) advanced. Numbers to Track: In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.6875, compared with its close of 85.5800 during the previous trading session. MCX Gold futures for 5 June 2025 settlement added 0.73% to Rs 95,536. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.33% to 99.70. The United States 10-year bond yield advanced 1.25% to 4.537. In the commodities market, Brent crude for July 2025 settlement added 88 cents or 1.35% to $65.26 a barrel. Stocks in Spotlight: Gabriel India jumped 6.54% after the company's net profit rose 31.24% to Rs 64.36 crore while net sales rose 17.03% to Rs 1,073.15 crore in Q4 March 2025 over Q4 March 2024. Panasonic Energy India Company rose 0.22%. The companys standalone net profit jumped 10.37% to Rs 1.17 crore in Q4 FY25, compared with Rs 1.06 crore in Q4 FY24. However, revenue from operations tumbled 12.56% year on year to Rs 63.40 crore in Q4 FY25. JK Tyre Industries surged 13.23% after the companys consolidated net profit jumped 88.35% to Rs 97.04 crore on a 2.31% increase in revenue from operations to Rs 3,758.60 crore in Q4 FY25 over Q3 FY25.
Business Standard
21-05-2025
- Business
- Business Standard
Market near day's high; pharma shares surge over 1%
The key equity indices traded with significant gains in morning trade, driven by strong buying interest among traders. The Nifty traded above the 24,900 level. Investors remain focused on global cues and Q4 earnings announcements. Pharma stocks saw a rebound, advancing after losses in the previous session. At 10:25 IST, the barometer index, the S&P BSE Sensex added 727.30 points or 0.90% to 81,914.51. The Nifty 50 index rallied 224.75 points or 0.91% to 24,911.75. In the broader market, the S&P BSE Mid-Cap index added 0.90% and the S&P BSE Small-Cap index jumped 0.74%. The market breadth was strong. On the BSE, 2,325 shares rose and 1,137 shares fell. A total of 199 shares were unchanged. Economy: India's infrastructure output, which tracks activity across eight sectors and makes up 40% of the country's industrial production, grew at 0.5% annually in April as against 4.6% in March, data from Ministry of Commerce & Industry showed on Tuesday. The Index of eight Core Industries is the measure of combined and individual performance of production of eight core industries: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. India's retail inflation for farm as well as rural workers eased marginally to 3.48% and 3.53%, respectively, in April this year compared to the pace of price hikes for the two categories at 3.73% and 3.86% recorded in March. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) increased by 1 point each in April 2025 to stand at 1307 and 1320 points, respectively. The CPI-AL and CPI-RL were 1306 points and 1319 points, respectively, in March. Result Today: IndusInd Bank (down1.16%), Oil & Natural Gas Corporation (ONGC) (up 0.32%), Astral (down 0.60%), Colgate Palmolive (India) (up 1.08%), H.G. Infra Engineering (up 0 .48%), InterGlobe Aviation(up 0.30%), Ircon International (up 1.30%), Mankind Pharma (down 0.01% ), National Aluminium Co (up 1.09%), NTPC Green Energy (down 0.05% ), Oil India (up 0.87%), Power Finance Corp (up 0.84% ), Rail Vikas Nigam (up 0.31% ), Trident (down 0.54% ), VRL Logistics (up 1.35% ) will declare their results later today. Buzzing Index: The Nifty Pharma index advanced 1.80% to 21,842.85. The index fell 1.31% in the past trading session. Gland Pharma (up 3.66%), Torrent Pharmaceuticals (up 3.18%), Ajanta Pharma (up 2.33%), Alkem Laboratories (up 2.08%), Divis Laboratories (up 1.99%), Granules India (up 1.96%), Natco Pharma (up 1.85%), Aurobindo Pharma (up 1.79%), Lupin (up 1.76%) and Sun Pharmaceutical Industries (up 1.73%) surged. Gland Pharma rallied 3.66%. The companys consolidated net profit declined 3.1% to Rs 186.54 crore in Q4 FY25, compared with Rs 192.42 crore in Q4 FY24. Revenue from operations fell 7.3% YoY to Rs 1,424.91 crore in Q4 FY25. Stocks in Spotlight: Aster DM Healthcare fell 3.24%. The company reported consolidated net profit of Rs 79.02 crore in Q4 FY25 compared with net loss of Rs 24.03 crore in Q4 from operations increased 2.7% YoY to Rs 1,000.34 crore during the quarter ended 31st March 2025. J kumar Infraprojects declined 1.42%. The companys consolidated net profit rose 12.1% to Rs 114.20 crore on 14.6% jump in revenue from operations to Rs 1,632.74 crore in Q4 FY25 over Q4 FY24.
Business Standard
21-05-2025
- Business
- Business Standard
Barometers trade higher; realty shares climb over 2%
The key equity benchmarks continued to trade with major gains in mid-morning trade, supported by sustained buying interest. The Nifty traded above the 24,850 mark. Investors remain focused on global cues and Q4 earnings announcements. Realty shares rallied after declining in the past trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex added 615.57 points or 0.76% to 81,817.74. The Nifty 50 index rallied 200.70 points or 0.82% to 24,885.90. In the broader market, the S&P BSE Mid-Cap index added 0.86% and the S&P BSE Small-Cap index jumped 0.45%. The market breadth was strong. On the BSE, 2,251 shares rose and 1,423 shares fell. A total of 171 shares were unchanged. Economy: India's infrastructure output, which tracks activity across eight sectors and makes up 40% of the country's industrial production, grew at 0.5% annually in April as against 4.6% in March, data from Ministry of Commerce & Industry showed on Tuesday. The Index of eight Core Industries is the measure of combined and individual performance of production of eight core industries: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. India's retail inflation for farm as well as rural workers eased marginally to 3.48% and 3.53%, respectively, in April this year compared to the pace of price hikes for the two categories at 3.73% and 3.86% recorded in March. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) increased by 1 point each in April 2025 to stand at 1307 and 1320 points, respectively. The CPI-AL and CPI-RL were 1306 points and 1319 points, respectively, in March. IPO Update: The initial public offer of Belrise Industries received bids for 1,87,14,176 shares as against 17,70,58,824 shares on offer, according to stock exchange data at 11:15 IST on 21 May 2025. The issue was subscribed 0.11 times. The issue opened for bidding on 21 May 2025 and it will close on 23 May 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. An investor can bid for a minimum of 166 equity shares and in multiples thereof. The initial public offer of Borana Weaves received bids for 5,89,83,891 shares as against 36,89,457 shares on offer, according to stock exchange data at 11:51 IST on 21 May 2025. The issue was subscribed 15.99 times. The issue opened for bidding on 20 May 2025 and it will close on 22 May 2025. The price band of the IPO is fixed between Rs 205 and 216 per share. An investor can bid for a minimum of 69 equity shares and in multiples thereof. Buzzing Index: The Nifty Realty index rallied 2.21% to 943.20. The index declined 1.11% in the past trading session. Raymond (up 3.88%), Macrotech Developers (up 2.67%), Phoenix Mills (up 2.51%), Oberoi Realty (up 2.25%), DLF (up 1.86%), Prestige Estates Projects (up 1.58%), Godrej Properties (up 1.45%), Anant Raj (up 1.4%) and Sobha (up 0.4%) advanced. Stocks in Spotlight: Ircon International added 0.96% after the company has secured a work order worth Rs 253.56 crore from South Western Railway, a division of Indian Railways. BMW Industries soared 4.19% after the company and its wholly-owned subsidiary, BMW Iron & Steel Industries, bagged an order from Tata Steel totaling Rs 364.69 crore for the conversion of hot rolled (HR) coils into tubes. Global Markets: The US Dow Jones index futures were currently down by 139 points, signaling a weak opening for US stocks today. European markets are expected to open near the flatline on Wednesday, with investors eyeing key earnings reports from M&S, SSE, Currys, and JD Sports. On the data front, U.K. inflation figures for April will also be in focus. Most Asian shares traded higher on Wednesday. The Bank of Indonesias policy decision is expected later in the day. The central bank had cut interest rates in September 2024 and again in January 2025 but has maintained rates at 5.75% since then. In Japan, trade data for April showed a surprise deficit, as exports were impacted by stronger yen levels and increased U.S. trade tariffs. The country posted a trade deficit of 115.8 billion yen ($800 million), compared to a 559.4 billion yen surplus in March. Exports rose 2% year-on-year, a slowdown from 4% in the previous month. Imports declined 2.2% year-on-year, compared to expectations for a 4.5% drop, and contrasted with a 1.8% increase in the prior month. In the United States, the three major indices closed lower on Tuesday. The S&P 500 declined 0.39%, the Nasdaq Composite fell 0.38%, and the Dow Jones Industrial Average lost 0.27%, as investor sentiment weakened. The technology sector fell 0.5%, with declines in major companies including Nvidia (-0.9%), AMD, Meta Platforms, Apple, and Microsoft. Geopolitical tensions weighed on markets following reports that Israel may be planning an attack on Irans nuclear facilities. Oil prices rose on concerns over potential conflict in the Middle East. Additionally, comments from several Federal Reserve officials signaled continued caution regarding economic and trade-related uncertainties. Policymakers indicated that elevated tariffs could contribute to inflation and reiterated a limited scope for near-term interest rate cuts.
