Cogent Communications Holdings Inc (NASDAQ:CCOI) Director Marc Montagner sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $47.00, for a total value of $235,000.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,880,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Cogent Communications Holdings Inc (NASDAQ CCOI) opened at $46.25 on Monday. The company has a market capitalization of $2,125.42, a P/E ratio of 128.47, a PEG ratio of 12.07 and a beta of 0.58. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of -8.84. Cogent Communications Holdings Inc has a twelve month low of $37.85 and a twelve month high of $54.85.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Friday, November 17th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, November 16th. This is an increase from Cogent Communications’s previous quarterly dividend of $0.46. Cogent Communications’s dividend payout ratio is presently 533.33%.

A number of equities analysts have weighed in on CCOI shares. Macquarie downgraded Cogent Communications from a “neutral” rating to an “underperform” rating in a research report on Friday, November 3rd. Deutsche Bank upped their price target on Cogent Communications from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Cogent Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group upped their price target on Cogent Communications from $39.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, SunTrust Banks downgraded Cogent Communications from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Friday, November 3rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $43.77.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Cogent Communications by 3.5% in the 2nd quarter. BlackRock Inc. now owns 5,128,950 shares of the technology company’s stock valued at $205,670,000 after buying an additional 172,987 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Cogent Communications by 25.3% in the 3rd quarter. Jennison Associates LLC now owns 2,340,837 shares of the technology company’s stock valued at $114,467,000 after buying an additional 473,088 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Cogent Communications by 13.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,058,600 shares of the technology company’s stock valued at $82,550,000 after buying an additional 245,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Cogent Communications by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,484,133 shares of the technology company’s stock valued at $59,513,000 after buying an additional 150,328 shares during the last quarter. Finally, MIG Capital LLC boosted its holdings in shares of Cogent Communications by 7.3% in the 2nd quarter. MIG Capital LLC now owns 1,425,000 shares of the technology company’s stock valued at $57,143,000 after buying an additional 97,160 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

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Cogent Communications 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 (NASDAQ:CCOI)

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