Cogent Communications Holdings, Inc. (NASDAQ:CCOI) CFO Thaddeus Gerard Weed sold 2,250 shares of Cogent Communications Holdings stock in a transaction on Monday, August 7th. The stock was sold at an average price of $43.51, for a total transaction of $97,897.50. Following the completion of the transaction, the chief financial officer now directly owns 72,650 shares of the company’s stock, valued at approximately $3,161,001.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Thaddeus Gerard Weed also recently made the following trade(s):

  • On Thursday, June 15th, Thaddeus Gerard Weed sold 2,250 shares of Cogent Communications Holdings stock. The stock was sold at an average price of $40.76, for a total transaction of $91,710.00.
  • On Friday, June 2nd, Thaddeus Gerard Weed sold 2,250 shares of Cogent Communications Holdings stock. The stock was sold at an average price of $41.20, for a total transaction of $92,700.00.

Shares of Cogent Communications Holdings, Inc. (NASDAQ CCOI) traded down 1.653% during trading on Monday, hitting $43.125. 253,978 shares of the stock traded hands. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 126.838 and a beta of 0.74. Cogent Communications Holdings, Inc. has a 52 week low of $34.23 and a 52 week high of $45.25. The firm’s 50-day moving average price is $41.28 and its 200-day moving average price is $41.63.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.02. Cogent Communications Holdings had a negative return on equity of 27.66% and a net margin of 3.39%. The company had revenue of $119.80 million for the quarter, compared to analyst estimates of $120.23 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that Cogent Communications Holdings, Inc. will post $0.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.46 per share. This is a positive change from Cogent Communications Holdings’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 4.20%. The ex-dividend date is Wednesday, August 16th. Cogent Communications Holdings’s dividend payout ratio is currently 488.89%.

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A number of research firms have commented on CCOI. Citigroup Inc. lifted their price objective on shares of Cogent Communications Holdings from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Cogent Communications Holdings in a report on Thursday, May 25th. Off Wall Street began coverage on shares of Cogent Communications Holdings in a report on Monday, July 31st. They issued a “sell” rating and a $29.00 price objective for the company. Cowen and Company reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Cogent Communications Holdings in a report on Friday. Finally, BidaskClub downgraded shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.67.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in shares of Cogent Communications Holdings by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 74,032 shares of the technology company’s stock valued at $3,061,000 after buying an additional 3,444 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Cogent Communications Holdings by 74.2% in the first quarter. LS Investment Advisors LLC now owns 2,571 shares of the technology company’s stock valued at $111,000 after buying an additional 1,095 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Cogent Communications Holdings by 11.5% in the first quarter. Renaissance Technologies LLC now owns 1,813,500 shares of the technology company’s stock valued at $78,071,000 after buying an additional 187,400 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cogent Communications Holdings by 0.3% in the first quarter. Goldman Sachs Group Inc. now owns 174,471 shares of the technology company’s stock valued at $7,511,000 after buying an additional 524 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Cogent Communications Holdings by 0.7% in the first quarter. Parametric Portfolio Associates LLC now owns 146,097 shares of the technology company’s stock valued at $6,289,000 after buying an additional 962 shares during the last quarter. Hedge funds and other institutional investors own 93.99% 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.

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

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