Brown Brothers Harriman & Co. continued to hold its stake in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,536 shares of the company’s stock at the end of the third quarter. Brown Brothers Harriman & Co. owned approximately 0.10% of Cogent Communications Holdings worth $1,566,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CCOI. Personal Capital Advisors Corp raised its stake in Cogent Communications Holdings by 11.6% in the second quarter. Personal Capital Advisors Corp now owns 305,830 shares of the company’s stock worth $12,252,000 after buying an additional 31,809 shares during the last quarter. Skylands Capital LLC raised its stake in Cogent Communications Holdings by 23.0% in the third quarter. Skylands Capital LLC now owns 386,350 shares of the company’s stock worth $14,222,000 after buying an additional 72,350 shares during the last quarter. California Public Employees Retirement System raised its stake in Cogent Communications Holdings by 2.5% in the third quarter. California Public Employees Retirement System now owns 110,600 shares of the company’s stock worth $4,071,000 after buying an additional 2,700 shares during the last quarter. Suntrust Banks Inc. raised its stake in Cogent Communications Holdings by 13.0% in the third quarter. Suntrust Banks Inc. now owns 83,040 shares of the company’s stock worth $3,056,000 after buying an additional 9,542 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in Cogent Communications Holdings by 2.5% in the third quarter. TimesSquare Capital Management LLC now owns 999,275 shares of the company’s stock worth $36,783,000 after buying an additional 24,300 shares during the last quarter. Hedge funds and other institutional investors own 97.07% of the company’s stock.

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

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) traded up 1.21% during midday trading on Friday, hitting $41.90. The stock had a trading volume of 318,611 shares. The stock’s 50-day moving average is $40.00 and its 200-day moving average is $38.51. Cogent Communications Holdings, Inc. has a 1-year low of $29.65 and a 1-year high of $43.61. The company has a market capitalization of $1.87 billion, a PE ratio of 138.28 and a beta of 0.84.

Cogent Communications Holdings (NASDAQ:CCOI) last announced its earnings results on Thursday, November 3rd. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. Cogent Communications Holdings had a negative return on equity of 53.79% and a net margin of 3.10%. The company earned $113.10 million during the quarter, compared to the consensus estimate of $113.25 million. During the same period in the prior year, the business posted $0.07 earnings per share. Cogent Communications Holdings’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts forecast that Cogent Communications Holdings, Inc. will post $0.37 EPS for the current year.

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A number of analysts recently issued reports on the company. Zacks Investment Research lowered Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. BTIG Research boosted their target price on Cogent Communications Holdings to $50.00 in a research report on Friday. J P Morgan Chase & Co started coverage on Cogent Communications Holdings in a research report on Monday, September 26th. They set a “neutral” rating for the company. TheStreet upgraded Cogent Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, November 25th. Finally, Stifel Nicolaus started coverage on Cogent Communications Holdings in a research report on Friday. They set a “buy” rating and a $48.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.50.

In other Cogent Communications Holdings news, CFO Thaddeus Gerard Weed sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $42.50, for a total transaction of $212,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy G. Oneill sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $36.80, for a total value of $36,800.00. The disclosure for this sale can be found here. Company insiders own 9.17% of the company’s stock.

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.

5 Day Chart for NASDAQ:CCOI

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