Crossmark Global Holdings Inc. purchased a new stake in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,136 shares of the technology company’s stock, valued at approximately $496,000.

Other hedge funds have also recently made changes to their positions in the company. Flinton Capital Management LLC grew its holdings 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 valued at $106,000 after buying an additional 1,024 shares during the period. Sei Investments Co. grew its holdings 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 valued at $117,000 after buying an additional 670 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Cogent Communications Holdings in the 2nd quarter valued at $140,000. PNC Financial Services Group Inc. grew its holdings in shares of Cogent Communications Holdings by 1,919.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the technology company’s stock valued at $151,000 after buying an additional 3,589 shares during the period. Finally, Riverhead Capital Management LLC grew its holdings in shares of Cogent Communications Holdings by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,163 shares of the technology company’s stock valued at $167,000 after buying an additional 1,663 shares during the period. 92.71% of the stock is owned by institutional investors.

In other news, VP Timothy G. Oneill sold 1,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $46.60, for a total transaction of $46,600.00. Following the completion of the transaction, the vice president now directly owns 41,052 shares in the company, valued at approximately $1,913,023.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Timothy G. Oneill sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $48.75, for a total transaction of $97,500.00. Following the completion of the sale, the vice president now directly owns 39,052 shares in the company, valued at $1,903,785. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,716 shares of company stock valued at $828,227. Company insiders own 9.48% of the company’s stock.

Cogent Communications Holdings, Inc. (CCOI) opened at $46.95 on Monday. Cogent Communications Holdings, Inc. has a one year low of $35.75 and a one year high of $54.85. The company has a debt-to-equity ratio of -8.84, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market cap of $2,157.59, a PE ratio of 130.42, a PEG ratio of 12.25 and a beta of 0.65.

Cogent Communications Holdings (NASDAQ:CCOI) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.06). Cogent Communications Holdings had a negative return on equity of 23.86% and a net margin of 3.37%. The business had revenue of $123.00 million for the quarter, compared to analyst estimates of $123.60 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. research analysts anticipate that Cogent Communications Holdings, Inc. will post 0.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.09%. This is an increase from Cogent Communications Holdings’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, November 16th. Cogent Communications Holdings’s dividend payout ratio is currently 533.33%.

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Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Cogent Communications Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Cowen and Company reissued a “hold” rating and issued a $46.00 price target on shares of Cogent Communications Holdings in a report on Friday, August 4th. KeyCorp reaffirmed a “hold” rating on shares of Cogent Communications Holdings in a research note on Wednesday, October 11th. Off Wall Street began coverage on shares of Cogent Communications Holdings in a research note on Monday, July 31st. They issued a “sell” rating and a $29.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 target price on shares of Cogent Communications Holdings in a research note on Monday, September 18th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.77.

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.

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Institutional Ownership by Quarter for Cogent Communications Holdings (NASDAQ:CCOI)

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