Flinton Capital Management LLC increased its stake in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 63.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,640 shares of the technology company’s stock after purchasing an additional 1,024 shares during the quarter. Flinton Capital Management LLC’s holdings in Cogent Communications Holdings were worth $106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its position in Cogent Communications Holdings by 3.5% in the 2nd quarter. BlackRock Inc. now owns 5,128,950 shares of the technology company’s stock worth $205,670,000 after buying an additional 172,987 shares during the period. FMR LLC increased its position in Cogent Communications Holdings by 5.9% in the 1st quarter. FMR LLC now owns 3,118,604 shares of the technology company’s stock worth $134,256,000 after buying an additional 173,379 shares during the period. Renaissance Technologies LLC increased its position in Cogent Communications Holdings by 13.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,058,600 shares of the technology company’s stock worth $82,550,000 after buying an additional 245,100 shares during the period. Jennison Associates LLC increased its position in Cogent Communications Holdings by 13.1% in the 2nd quarter. Jennison Associates LLC now owns 1,867,749 shares of the technology company’s stock worth $74,897,000 after buying an additional 215,940 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Cogent Communications Holdings by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,484,133 shares of the technology company’s stock worth $59,513,000 after buying an additional 150,328 shares during the period. Hedge funds and other institutional investors own 93.49% of the company’s stock.

In related news, VP Timothy G. Oneill sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $48.75, for a total value of $97,500.00. Following the completion of the sale, the vice president now directly owns 39,052 shares of the company’s stock, valued at approximately $1,903,785. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy G. Oneill sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.95, for a total value of $41,950.00. Following the completion of the sale, the vice president now directly owns 42,052 shares of the company’s stock, valued at $1,764,081.40. The disclosure for this sale can be found here. Insiders sold a total of 31,466 shares of company stock valued at $1,422,354 over the last ninety days. 9.48% of the stock is currently owned by corporate insiders.

Cogent Communications Holdings, Inc. (NASDAQ CCOI) opened at 49.875 on Wednesday. The company has a market capitalization of $2.23 billion, a P/E ratio of 142.500 and a beta of 0.66. The company’s 50 day moving average price is $47.86 and its 200-day moving average price is $43.39. Cogent Communications Holdings, Inc. has a 12-month low of $34.45 and a 12-month high of $51.85.

Cogent Communications Holdings (NASDAQ:CCOI) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.10 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 firm had revenue of $119.80 million during the quarter, compared to the consensus estimate of $120.23 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts forecast that Cogent Communications Holdings, Inc. will post $0.47 earnings per share for the current fiscal year.

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Several research analysts have commented on the company. KeyCorp reaffirmed a “hold” rating on shares of Cogent Communications Holdings in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Cogent Communications Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Deutsche Bank AG lifted their price target on Cogent Communications Holdings from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Wells Fargo & Company downgraded Cogent Communications Holdings from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $46.00 to $48.00 in a research report on Monday, October 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 price target on shares of Cogent Communications Holdings in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Cogent Communications Holdings currently has a consensus rating of “Hold” and a consensus target price of $44.23.

Cogent Communications Holdings 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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