Cogent Communications Holdings Inc (NASDAQ:CCOI) Director Richard Liebhaber acquired 700 shares of Cogent Communications stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average cost of $45.30 per share, with a total value of $31,710.00. Following the transaction, the director now owns 71,045 shares in the company, valued at $3,218,338.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cogent Communications Holdings Inc (NASDAQ CCOI) traded down $0.70 during trading on Wednesday, hitting $44.70. The company’s stock had a trading volume of 321,300 shares, compared to its average volume of 331,381. The company has a market cap of $2,086.36, a price-to-earnings ratio of 126.11, a price-to-earnings-growth ratio of 11.84 and a beta of 0.58. Cogent Communications Holdings Inc has a twelve month low of $36.55 and a twelve month high of $54.85. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of -8.84.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Friday, November 17th were issued a $0.48 dividend. This is a positive change from Cogent Communications’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.30%. Cogent Communications’s dividend payout ratio (DPR) is presently 533.33%.

A number of research analysts recently weighed in on the company. Citigroup lowered Cogent Communications from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $43.00 to $39.00 in a research report on Thursday, November 2nd. Wells Fargo & Company lowered Cogent Communications from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $46.00 to $48.00 in a research report on Monday, October 9th. Zacks Investment Research lowered Cogent Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. KeyCorp reaffirmed a “hold” rating on shares of Cogent Communications in a research report on Wednesday, October 11th. Finally, Deutsche Bank raised their price objective on Cogent Communications from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Cogent Communications has a consensus rating of “Hold” and a consensus price target of $43.77.

Several institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Cogent Communications by 1,378.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,048 shares of the technology company’s stock worth $296,000 after buying an additional 5,639 shares during the last quarter. DF Dent & Co. Inc. boosted its stake in shares of Cogent Communications by 28.9% in the 3rd quarter. DF Dent & Co. Inc. now owns 35,481 shares of the technology company’s stock worth $1,735,000 after buying an additional 7,963 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Cogent Communications by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 83,762 shares of the technology company’s stock worth $4,096,000 after buying an additional 3,862 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Cogent Communications in the 3rd quarter worth $482,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Cogent Communications in the 3rd quarter worth $1,418,000. 95.62% of the stock is owned by institutional investors and hedge funds.

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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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