Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Director Tim Weingarten sold 1,616 shares of Cogent Communications Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $45.97, for a total transaction of $74,287.52. Following the completion of the transaction, the director now owns 18,686 shares in the company, valued at $858,995.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tim Weingarten also recently made the following trade(s):

  • On Friday, September 1st, Tim Weingarten sold 1,100 shares of Cogent Communications Holdings stock. The shares were sold at an average price of $46.69, for a total transaction of $51,359.00.

Cogent Communications Holdings, Inc. (NASDAQ CCOI) traded up 3.24% during midday trading on Friday, reaching $47.85. The company’s stock had a trading volume of 705,366 shares. Cogent Communications Holdings, Inc. has a 1-year low of $34.23 and a 1-year high of $47.88. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 136.71 and a beta of 0.71. The company’s 50-day moving average price is $44.05 and its 200-day moving average price is $42.16.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $119.80 million during the quarter, compared to the consensus estimate of $120.23 million. During the same period in the previous year, the company posted $0.09 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts predict that Cogent Communications Holdings, Inc. will post $0.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a $0.46 dividend. This is a boost from Cogent Communications Holdings’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.84 annualized dividend and a dividend yield of 3.85%. Cogent Communications Holdings’s dividend payout ratio is presently 511.11%.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/09/15/cogent-communications-holdings-inc-ccoi-director-sells-74287-52-in-stock.html.

Several large investors have recently added to or reduced their stakes in CCOI. Flinton Capital Management LLC grew its stake in shares of Cogent Communications Holdings by 63.4% in the second quarter. Flinton Capital Management LLC now owns 2,640 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,024 shares in the last quarter. LS Investment Advisors LLC grew 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 worth $111,000 after purchasing an additional 1,095 shares in the last quarter. Sei Investments Co. grew its stake in shares of Cogent Communications Holdings by 29.7% in the second quarter. Sei Investments Co. now owns 2,923 shares of the technology company’s stock worth $117,000 after purchasing an additional 670 shares in the last quarter. Glen Harbor Capital Management LLC grew its stake in shares of Cogent Communications Holdings by 36.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,828 shares of the technology company’s stock worth $122,000 after purchasing an additional 756 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in shares of Cogent Communications Holdings in the second quarter worth $140,000. 93.54% of the stock is owned by institutional investors.

A number of research firms recently weighed in on CCOI. Off Wall Street began coverage on shares of Cogent Communications Holdings in a research report on Monday, July 31st. They issued a “sell” rating and a $29.00 price objective on the stock. Cowen and Company reiterated a “hold” rating and issued a $42.00 price objective on shares of Cogent Communications Holdings in a research report on Friday, July 28th. Royal Bank Of Canada lifted their price objective on shares of Cogent Communications Holdings from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Cogent Communications Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.45.

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)

Receive News & Ratings for Cogent Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogent Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.