Cogent Communications Holdings Inc (NASDAQ:CCOI) CRO James Bubeck sold 250 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $46.66, for a total transaction of $11,665.00. Following the transaction, the executive now directly owns 26,242 shares of the company’s stock, valued at approximately $1,224,451.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cogent Communications Holdings Inc (NASDAQ:CCOI) traded down $1.45 during trading on Tuesday, hitting $45.40. 248,200 shares of the stock traded hands, compared to its average volume of 331,424. Cogent Communications Holdings Inc has a 52 week low of $35.95 and a 52 week high of $54.85. The firm has a market capitalization of $2,152.99, a price-to-earnings ratio of 130.14, a P/E/G ratio of 12.22 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 (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). Cogent Communications had a negative return on equity of 23.86% and a net margin of 3.37%. The business had revenue of $123.00 million during the quarter, compared to analyst estimates of $123.60 million. During the same period in the previous year, the company earned $0.08 EPS. Cogent Communications’s revenue was up 8.8% on a year-over-year basis. sell-side analysts forecast that Cogent Communications Holdings Inc will post 0.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Friday, November 17th were given a $0.48 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.92 annualized dividend and a dividend yield of 4.23%. This is a positive change from Cogent Communications’s previous quarterly dividend of $0.46. Cogent Communications’s dividend payout ratio is presently 533.33%.

Several equities analysts recently commented on the stock. BidaskClub lowered shares of Cogent Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada upped their price target on shares of Cogent Communications from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. KeyCorp reaffirmed a “hold” rating on shares of Cogent Communications in a research report on Wednesday, October 11th. Raymond James Financial reaffirmed an “underperform” rating on shares of Cogent Communications in a research report on Friday, November 3rd. Finally, Wells Fargo & Company lowered shares of Cogent Communications from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $46.00 to $48.00 in a research report on Monday, October 9th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Cogent Communications presently has an average rating of “Hold” and a consensus target price of $43.77.

Several institutional investors have recently added to or reduced their stakes in the company. River Road Asset Management LLC boosted its stake in shares of Cogent Communications by 215.9% in the third quarter. River Road Asset Management LLC now owns 693,363 shares of the technology company’s stock valued at $33,905,000 after purchasing an additional 473,909 shares during the period. Jennison Associates LLC boosted its stake in shares of Cogent Communications by 25.3% in the third quarter. Jennison Associates LLC now owns 2,340,837 shares of the technology company’s stock valued at $114,467,000 after purchasing an additional 473,088 shares during the period. First Trust Advisors LP boosted its stake in shares of Cogent Communications by 23.0% in the second quarter. First Trust Advisors LP now owns 1,413,588 shares of the technology company’s stock valued at $56,685,000 after purchasing an additional 264,597 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Cogent Communications by 13.5% in the second quarter. Renaissance Technologies LLC now owns 2,058,600 shares of the technology company’s stock valued at $82,550,000 after purchasing an additional 245,100 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Cogent Communications by 3.5% in the second quarter. BlackRock Inc. now owns 5,128,950 shares of the technology company’s stock valued at $205,670,000 after purchasing an additional 172,987 shares during the period. 95.62% of the stock is owned by institutional investors.

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About Cogent Communications

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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