Gilder Gagnon Howe & Co. LLC boosted its position in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,186 shares of the technology company’s stock after buying an additional 38 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Cogent Communications Holdings were worth $288,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of 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 worth $111,000 after buying an additional 1,095 shares during the period. Sei Investments Co. raised its position in shares of Cogent Communications Holdings by 29.7% in the second quarter. Sei Investments Co. now owns 2,923 shares of the technology company’s stock worth $117,000 after buying an additional 670 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of 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 worth $122,000 after buying an additional 756 shares during the period. Elkfork Partners LLC raised its position in shares of Cogent Communications Holdings by 36.5% in the first quarter. Elkfork Partners LLC now owns 3,434 shares of the technology company’s stock worth $148,000 after buying an additional 918 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Cogent Communications Holdings during the first quarter worth $155,000. Institutional investors own 93.99% of the company’s stock.

Shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) opened at 44.05 on Friday. Cogent Communications Holdings, Inc. has a one year low of $34.23 and a one year high of $45.25. The firm has a market cap of $1.97 billion, a P/E ratio of 125.86 and a beta of 0.74. The firm has a 50 day moving average price of $41.79 and a 200-day moving average price of $41.69.

Cogent Communications Holdings (NASDAQ:CCOI) last issued 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 business had revenue of $119.80 million for the quarter, compared to the consensus estimate of $120.23 million. During the same period in the previous year, the firm earned $0.09 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. Analysts forecast that Cogent Communications Holdings, Inc. will post $0.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.84 annualized dividend and a dividend yield of 4.17%. This is a boost from Cogent Communications Holdings’s previous quarterly dividend of $0.44. Cogent Communications Holdings’s dividend payout ratio is presently 488.89%.

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CCOI has been the topic of a number of recent research reports. BidaskClub upgraded Cogent Communications Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Deutsche Bank AG reissued a “buy” rating and set a $48.00 price target (up previously from $47.00) on shares of Cogent Communications Holdings in a research report on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price target on shares of Cogent Communications Holdings in a research report on Sunday, July 9th. Cowen and Company reissued a “hold” rating and set a $42.00 price target on shares of Cogent Communications Holdings in a research report on Friday, July 28th. Finally, Zacks Investment Research raised Cogent Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.45.

In other news, VP Timothy G. Oneill sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $40.25, for a total value of $40,250.00. Following the transaction, the vice president now owns 43,052 shares of the company’s stock, valued at $1,732,843. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thaddeus Gerard Weed sold 2,250 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $43.51, for a total transaction of $97,897.50. Following the completion of the transaction, the chief financial officer now directly owns 72,650 shares in the company, valued at approximately $3,161,001.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,433 shares of company stock worth $1,147,646. Insiders own 9.48% 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.

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Institutional Ownership by Quarter for Cogent Communications Holdings (NASDAQ:CCOI)

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