Timothy G. Oneill Sells 1,000 Shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) VP Timothy G. Oneill sold 1,000 shares of Cogent Communications Holdings stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.95, for a total transaction of $41,950.00. Following the sale, the vice president now owns 42,052 shares of the company’s stock, valued at $1,764,081.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Cogent Communications Holdings, Inc. (NASDAQ CCOI) traded down 0.91% during trading on Friday, hitting $43.65. 225,363 shares of the stock were exchanged. The stock’s 50 day moving average is $41.92 and its 200-day moving average is $41.70. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 124.71 and a beta of 0.74. Cogent Communications Holdings, Inc. has a one year low of $34.23 and a one year high of $45.25.

Cogent Communications Holdings (NASDAQ:CCOI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.02. The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $120.23 million. Cogent Communications Holdings had a negative return on equity of 27.66% and a net margin of 3.39%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. On average, equities research analysts expect that Cogent Communications Holdings, Inc. will post $0.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.46 per share. This is a boost from Cogent Communications Holdings’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, August 16th. Cogent Communications Holdings’s dividend payout ratio is currently 488.89%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.thestockobserver.com/2017/08/12/insider-selling-cogent-communications-holdings-inc-nasdaqccoi-vp-sells-1000-shares-of-stock-updated.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position in 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 in the last quarter. Glen Harbor Capital Management LLC boosted its position 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 valued at $122,000 after buying an additional 756 shares during the period. Sei Investments Co. boosted its position 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 valued at $117,000 after buying an additional 670 shares during the period. Elkfork Partners LLC boosted its position in shares of Cogent Communications Holdings by 36.5% in the first quarter. Elkfork Partners LLC now owns 3,434 shares of the technology company’s stock valued at $148,000 after buying an additional 918 shares during the period. Finally, Pacad Investment Ltd. bought a new position in shares of Cogent Communications Holdings during the second quarter valued at approximately $140,000. 93.99% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on CCOI. Citigroup Inc. boosted their price objective on shares of Cogent Communications Holdings from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Cogent Communications Holdings in a report on Thursday, May 25th. Off Wall Street started coverage on shares of Cogent Communications Holdings in a report on Monday, July 31st. They issued a “sell” rating and a $29.00 target price on the stock. Cowen and Company reaffirmed a “hold” rating and issued a $46.00 target price on shares of Cogent Communications Holdings in a report on Friday, August 4th. Finally, BidaskClub cut shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $42.45.

About Cogent Communications Holdings

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.

Leave a Reply