Henry W. Kilmer Sells 3,000 Shares of Cogent Communications Holdings Inc (CCOI) Stock

Cogent Communications Holdings Inc (NASDAQ:CCOI) VP Henry W. Kilmer sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $44.54, for a total transaction of $133,620.00. Following the completion of the sale, the vice president now owns 33,600 shares of the company’s stock, valued at approximately $1,496,544. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Cogent Communications Holdings Inc (NASDAQ:CCOI) traded down $0.55 during trading hours on Wednesday, reaching $44.15. 538,794 shares of the company were exchanged, compared to its average volume of 332,263. Cogent Communications Holdings Inc has a 1-year low of $37.40 and a 1-year high of $54.85. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of -8.84. The firm has a market cap of $2,086.36, a price-to-earnings ratio of 126.11, a PEG ratio of 11.84 and a beta of 0.58.

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

The business also recently declared a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Friday, November 17th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.35%. This is a positive change from Cogent Communications’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, November 16th. Cogent Communications’s dividend payout ratio (DPR) is currently 533.33%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Cogent Communications by 0.5% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,186 shares of the technology company’s stock worth $288,000 after acquiring an additional 38 shares during the period. Pinebridge Investments L.P. lifted its holdings in Cogent Communications by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,395 shares of the technology company’s stock valued at $217,000 after purchasing an additional 53 shares during the last quarter. Aperio Group LLC lifted its holdings in Cogent Communications by 1.1% during the 2nd quarter. Aperio Group LLC now owns 9,168 shares of the technology company’s stock valued at $368,000 after purchasing an additional 99 shares during the last quarter. Laurion Capital Management LP raised its stake in shares of Cogent Communications by 1.3% in the second quarter. Laurion Capital Management LP now owns 8,000 shares of the technology company’s stock worth $321,000 after acquiring an additional 100 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Cogent Communications by 0.5% in the second quarter. Arizona State Retirement System now owns 21,400 shares of the technology company’s stock worth $858,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 95.62% of the company’s stock.

A number of research firms have issued reports on CCOI. KeyCorp reiterated a “hold” rating on shares of Cogent Communications in a research report on Wednesday, October 11th. BidaskClub downgraded shares of Cogent Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Macquarie downgraded shares of Cogent Communications from a “neutral” rating to an “underperform” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Cogent Communications from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Monday, October 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $48.00 target price on shares of Cogent Communications in a research report on Monday, September 18th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.77.

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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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