Cogent Communications Holdings, Inc. (NASDAQ:CCOI) VP Timothy G. Oneill sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $46.60, for a total transaction of $46,600.00. Following the completion of the sale, the vice president now directly owns 41,052 shares of the company’s stock, valued at $1,913,023.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) opened at 46.70 on Friday. The firm has a market cap of $2.09 billion, a P/E ratio of 133.43 and a beta of 0.70. The stock’s 50 day moving average is $43.56 and its 200 day moving average is $41.99. Cogent Communications Holdings, Inc. has a 12-month low of $34.23 and a 12-month high of $47.13.

Cogent Communications Holdings (NASDAQ:CCOI) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.02. The business had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $120.23 million. Cogent Communications Holdings had a negative return on equity of 27.66% and a net margin of 3.39%. Cogent Communications Holdings’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. On average, equities research analysts expect that Cogent Communications Holdings, Inc. will post $0.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a dividend of $0.46 per share. This is a boost from Cogent Communications Holdings’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.84 annualized dividend and a yield of 3.94%. Cogent Communications Holdings’s payout ratio is presently 511.11%.

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A number of analysts recently weighed in on CCOI shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $48.00 price objective (up from $47.00) on shares of Cogent Communications Holdings in a research note on Friday, July 14th. BidaskClub lowered shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research lowered shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Royal Bank Of Canada upped their price objective on shares of Cogent Communications Holdings from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Finally, Off Wall Street started coverage on shares of Cogent Communications Holdings in a research note on Monday, July 31st. They issued a “sell” rating and a $29.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.45.

A number of large investors have recently bought and sold shares of the company. LS Investment Advisors LLC boosted its stake in Cogent Communications Holdings by 74.2% in the first quarter. LS Investment Advisors LLC now owns 2,571 shares of the technology company’s stock valued at $111,000 after buying an additional 1,095 shares during the last quarter. Flinton Capital Management LLC raised its position in Cogent Communications Holdings by 63.4% in the second quarter. Flinton Capital Management LLC now owns 2,640 shares of the technology company’s stock valued at $106,000 after buying an additional 1,024 shares during the period. Glen Harbor Capital Management LLC raised its position in Cogent Communications Holdings by 36.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,828 shares of the technology company’s stock valued at $122,000 after buying an additional 756 shares during the period. Sei Investments Co. raised its position in Cogent Communications Holdings by 29.7% in the second quarter. Sei Investments Co. now owns 2,923 shares of the technology company’s stock valued at $117,000 after buying an additional 670 shares during the period. Finally, Elkfork Partners LLC raised its position in Cogent Communications Holdings by 36.5% in the first quarter. Elkfork Partners LLC now owns 3,434 shares of the technology company’s stock valued at $148,000 after buying an additional 918 shares during the period. Hedge funds and other institutional investors own 93.54% of the company’s stock.

Cogent Communications Holdings Company Profile

Cogent Communications Holdings, Inc is a facilities-based provider of Internet access and Internet Protocol (IP), communications services. The Company’s network is specifically designed and optimized to transmit data using IP. The Company delivers its services primarily to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations in North America, Europe and in Japan.

Insider Buying and Selling by Quarter for Cogent Communications Holdings (NASDAQ:CCOI)

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