Cogent Communications Holdings Inc (NASDAQ:CCOI) VP Timothy G. Oneill sold 2,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $63.29, for a total value of $158,225.00. Following the transaction, the vice president now owns 34,752 shares of the company’s stock, valued at $2,199,454.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Cogent Communications stock opened at $62.80 on Friday. The stock has a fifty day moving average price of $57.48 and a two-hundred day moving average price of $58.73. Cogent Communications Holdings Inc has a 52-week low of $42.40 and a 52-week high of $64.91. The firm has a market capitalization of $3.04 billion, a P/E ratio of 99.68, a P/E/G ratio of 9.37 and a beta of 0.56.

Cogent Communications (NASDAQ:CCOI) last announced its earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.12. Cogent Communications had a negative return on equity of 21.84% and a net margin of 6.91%. The company had revenue of $136.94 million during the quarter, compared to analyst estimates of $136.50 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Cogent Communications Holdings Inc will post 0.87 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Cogent Communications’s previous quarterly dividend of $0.62. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.08%. Cogent Communications’s dividend payout ratio (DPR) is 393.65%.

Several research analysts have issued reports on CCOI shares. Royal Bank of Canada increased their price objective on Cogent Communications from $54.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Zacks Investment Research lowered Cogent Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. BidaskClub upgraded Cogent Communications from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine lowered Cogent Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Cogent Communications from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $63.83.

Large investors have recently made changes to their positions in the company. Strs Ohio increased its stake in shares of Cogent Communications by 1,150.0% in the second quarter. Strs Ohio now owns 2,500 shares of the technology company’s stock valued at $148,000 after buying an additional 2,300 shares in the last quarter. Brookstone Capital Management bought a new position in Cogent Communications in the second quarter valued at about $423,000. KBC Group NV bought a new position in Cogent Communications in the second quarter valued at about $148,000. NN Investment Partners Holdings N.V. bought a new position in Cogent Communications in the second quarter valued at about $253,000. Finally, Aperio Group LLC boosted its holdings in Cogent Communications by 17.7% in the second quarter. Aperio Group LLC now owns 25,356 shares of the technology company’s stock valued at $1,505,000 after acquiring an additional 3,818 shares during the last quarter. Institutional investors own 83.48% of the company’s stock.

About Cogent Communications

Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, Asia, Australia, and Brazil.

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

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