Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Director Tim Weingarten sold 1,616 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $45.97, for a total transaction of $74,287.52. Following the completion of the sale, the director now owns 18,686 shares in the company, valued at approximately $858,995.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tim Weingarten also recently made the following trade(s):

  • On Friday, September 1st, Tim Weingarten sold 1,100 shares of Cogent Communications Holdings stock. The stock was sold at an average price of $46.69, for a total transaction of $51,359.00.

Shares of Cogent Communications Holdings, Inc. (NASDAQ CCOI) traded up 3.24% on Friday, hitting $47.85. 706,147 shares of the stock traded hands. Cogent Communications Holdings, Inc. has a one year low of $34.23 and a one year high of $47.88. The stock has a 50 day moving average of $44.16 and a 200 day moving average of $42.20. The company has a market cap of $2.14 billion, a PE ratio of 136.71 and a beta of 0.71.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The business had revenue of $119.80 million during the quarter, compared to analyst estimates of $120.23 million. Cogent Communications Holdings had a negative return on equity of 27.66% and a net margin of 3.39%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Equities analysts anticipate that Cogent Communications Holdings, Inc. will post $0.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a $0.46 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.85%. This is a positive change from Cogent Communications Holdings’s previous quarterly dividend of $0.44. Cogent Communications Holdings’s dividend payout ratio is presently 511.11%.

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Several equities research analysts recently issued reports on CCOI shares. Off Wall Street started coverage on shares of Cogent Communications Holdings in a report on Monday, July 31st. They issued a “sell” rating and a $29.00 target price on the stock. BidaskClub cut shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 target price on shares of Cogent Communications Holdings in a report on Thursday, May 25th. Deutsche Bank AG restated a “buy” rating and issued a $48.00 target price (up previously from $47.00) on shares of Cogent Communications Holdings in a report on Friday, July 14th. Finally, Zacks Investment Research cut shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. 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 stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.45.

Large investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its stake in shares of 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 worth $106,000 after acquiring an additional 1,024 shares during the period. LS Investment Advisors LLC increased its stake 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 acquiring an additional 1,095 shares during the period. Sei Investments Co. increased its stake 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 acquiring an additional 670 shares during the period. Glen Harbor Capital Management LLC increased its stake 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 acquiring an additional 756 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in shares of Cogent Communications Holdings in the second quarter worth $140,000. Hedge funds and other institutional investors own 93.54% of the company’s stock.

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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