Cogent Communications Holdings, Inc. (NASDAQ:CCOI) VP Henry W. Kilmer sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $46.45, for a total value of $139,350.00. Following the completion of the sale, the vice president now directly owns 36,600 shares in the company, valued at $1,700,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) opened at 45.05 on Thursday. Cogent Communications Holdings, Inc. has a 1-year low of $34.23 and a 1-year high of $47.12. The stock has a 50 day moving average price of $43.80 and a 200-day moving average price of $42.05. The stock has a market capitalization of $2.01 billion, a PE ratio of 128.71 and a beta of 0.71.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.08%. This is a positive change from Cogent Communications Holdings’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, August 16th. Cogent Communications Holdings’s payout ratio is presently 511.11%.

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Several equities research analysts recently weighed in on the company. Royal Bank Of Canada upped their price target on Cogent Communications Holdings from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Cowen and Company reaffirmed a “hold” rating and issued a $46.00 price target on shares of Cogent Communications Holdings in a research note on Friday, August 4th. BidaskClub cut Cogent Communications Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research cut Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Off Wall Street assumed coverage on Cogent Communications Holdings in a research note on Monday, July 31st. They issued a “sell” rating and a $29.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its position in shares of Cogent Communications Holdings by 63.4% in the 2nd quarter. Flinton Capital Management LLC now owns 2,640 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,024 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Cogent Communications Holdings by 74.2% in the 1st quarter. LS Investment Advisors LLC now owns 2,571 shares of the technology company’s stock worth $111,000 after acquiring an additional 1,095 shares in the last quarter. Sei Investments Co. raised its position in shares of Cogent Communications Holdings by 29.7% in the 2nd quarter. Sei Investments Co. now owns 2,923 shares of the technology company’s stock worth $117,000 after acquiring an additional 670 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Cogent Communications Holdings by 36.5% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,828 shares of the technology company’s stock worth $122,000 after acquiring an additional 756 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in shares of Cogent Communications Holdings in the 2nd quarter worth $140,000. 93.54% of the stock is owned by hedge funds and other institutional investors.

About Cogent Communications Holdings

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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