WINTON GROUP Ltd boosted its stake in Cogent Communications Holdings Inc (NASDAQ:CCOI) by 138.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 22,530 shares of the technology company’s stock after acquiring an additional 13,068 shares during the quarter. WINTON GROUP Ltd’s holdings in Cogent Communications were worth $1,257,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CCOI. Cambridge Investment Research Advisors Inc. acquired a new stake in Cogent Communications during the 3rd quarter worth $232,000. Captrust Financial Advisors acquired a new stake in Cogent Communications during the 2nd quarter worth $266,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Cogent Communications during the 2nd quarter worth $311,000. Perigon Wealth Management LLC acquired a new stake in Cogent Communications during the 2nd quarter worth $332,000. Finally, GSA Capital Partners LLP acquired a new stake in Cogent Communications during the 2nd quarter worth $374,000. 90.48% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Cogent Communications from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 8th. BidaskClub raised shares of Cogent Communications from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Guggenheim reaffirmed a “hold” rating and set a $47.00 target price on shares of Cogent Communications in a research note on Friday, August 3rd. Citigroup lifted their target price on shares of Cogent Communications from $39.00 to $42.00 and gave the stock a “sell” rating in a research note on Friday, November 2nd. Finally, Wells Fargo & Co lifted their target price on shares of Cogent Communications from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $51.14.

In related news, Director Tim Weingarten sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $51.01, for a total value of $127,525.00. Following the sale, the director now directly owns 21,111 shares in the company, valued at approximately $1,076,872.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert N. Beury, Jr. sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $53.95, for a total transaction of $161,850.00. Following the completion of the sale, the vice president now owns 47,840 shares in the company, valued at $2,580,968. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,411 shares of company stock worth $1,872,326. Insiders own 10.21% of the company’s stock.

NASDAQ CCOI opened at $48.86 on Wednesday. Cogent Communications Holdings Inc has a 52 week low of $35.75 and a 52 week high of $57.65. The firm has a market cap of $2.28 billion, a PE ratio of 128.58, a P/E/G ratio of 9.28 and a beta of 0.61.

Cogent Communications (NASDAQ:CCOI) last posted its quarterly earnings results on Thursday, November 1st. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Cogent Communications had a negative return on equity of 24.22% and a net margin of 2.99%. The business had revenue of $130.00 million for the quarter, compared to analyst estimates of $132.09 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research analysts expect that Cogent Communications Holdings Inc will post 0.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Thursday, November 15th. This is a positive change from Cogent Communications’s previous quarterly dividend of $0.54. Cogent Communications’s payout ratio is currently 568.42%.

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About Cogent Communications

Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Asia.

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

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