Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Director Tim Weingarten sold 1,616 shares of the business’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 directly owns 18,686 shares of the company’s stock, valued at $858,995.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) opened at 47.85 on Friday. The company’s 50-day moving average is $44.16 and its 200 day moving average is $42.20. Cogent Communications Holdings, Inc. has a 1-year low of $34.23 and a 1-year high of $47.88. The firm has a market capitalization of $2.14 billion, a PE ratio of 136.71 and a beta of 0.71.

Cogent Communications Holdings (NASDAQ:CCOI) last released its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 prior year, the business posted $0.09 earnings per share. Cogent Communications Holdings’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts expect that Cogent Communications Holdings, Inc. will post $0.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a $0.46 dividend. The ex-dividend date was Wednesday, August 16th. This is a boost from Cogent Communications Holdings’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 3.85%. Cogent Communications Holdings’s dividend payout ratio (DPR) is currently 511.11%.

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Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Cogent Communications Holdings by 3.5% during the second quarter. BlackRock Inc. now owns 5,128,950 shares of the technology company’s stock worth $205,670,000 after purchasing an additional 172,987 shares during the period. FMR LLC boosted its position in Cogent Communications Holdings by 5.9% during the first quarter. FMR LLC now owns 3,118,604 shares of the technology company’s stock worth $134,256,000 after purchasing an additional 173,379 shares during the period. Renaissance Technologies LLC boosted its position in Cogent Communications Holdings by 13.5% during the second quarter. Renaissance Technologies LLC now owns 2,058,600 shares of the technology company’s stock worth $82,550,000 after purchasing an additional 245,100 shares during the period. Jennison Associates LLC boosted its position in Cogent Communications Holdings by 13.1% during the second quarter. Jennison Associates LLC now owns 1,867,749 shares of the technology company’s stock worth $74,897,000 after purchasing an additional 215,940 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Cogent Communications Holdings by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,484,133 shares of the technology company’s stock worth $59,513,000 after purchasing an additional 150,328 shares during the period. 93.54% of the stock is owned by institutional investors and hedge funds.

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

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.

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

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