1 week Ago By Defense World Staff
Norges Bank bought a new position in shares of Cogent Communications Holdings, Inc. ( NASDAQ:CCOI – Free Report ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 64,795 shares of the technology company’s stock, valued at approximately $4,994,000.
Norges Bank owned about 0.13% of Cogent Communications as of its most recent SEC filing. Several other large investors also recently bought and sold shares of CCOI.
Raymond James Financial Inc. purchased a new stake in shares of Cogent Communications in the fourth quarter valued at about $39,845,000. Bryn Mawr Capital Management LLC lifted its position in Cogent Communications by 8,542.
8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 237,678 shares of the technology company’s stock valued at $18,318,000 after buying an additional 234,928 shares during the last quarter. Reaves W H & Co.
Inc. increased its holdings in Cogent Communications by 17.1% in the 4th quarter.
Reaves W H & Co. Inc. now owns 698,518 shares of the technology company’s stock valued at $53,835,000 after purchasing an additional 101,956 shares during the last quarter.
Loomis Sayles & Co. L P purchased a new stake in shares of Cogent Communications in the 4th quarter valued at $7,084,000. Finally, Madison Investment Advisors LLC purchased a new stake in Cogent Communications during the fourth quarter worth about $6,332,000.
Hedge funds and other institutional investors own 92.45% of the company’s stock. Wall Street Analyst Weigh In Separately, StockNews.
com raised Cogent Communications to a “sell” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Cogent Communications has an average rating of “Hold” and an average price target of $80.
25. Insider Buying and Selling at Cogent Communications In other news, Director Lewis H. Ferguson sold 956 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th.
The stock was sold at an average price of $69.36, for a total transaction of $66,308.16.
Following the completion of the transaction, the director now directly owns 18,652 shares of the company’s stock, valued at approximately $1,293,702.72. This represents a 4.
88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, VP Henry W.
Kilmer sold 2,400 shares of Cogent Communications stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $72.57, for a total transaction of $174,168.
00. Following the completion of the sale, the vice president now owns 41,000 shares in the company, valued at approximately $2,975,370. This represents a 5.
53 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 11,681 shares of company stock worth $840,878 in the last 90 days.
11.40% of the stock is owned by corporate insiders. Cogent Communications Price Performance Shares of NASDAQ:CCOI opened at $53.
83 on Thursday. The company has a quick ratio of 2.03, a current ratio of 2.
03 and a debt-to-equity ratio of 5.87. The company has a market cap of $2.
66 billion, a P/E ratio of 69.01 and a beta of 0.69.
The business has a fifty day simple moving average of $70.59 and a 200-day simple moving average of $75.47.
Cogent Communications Holdings, Inc. has a 52 week low of $47.54 and a 52 week high of $86.
76. Cogent Communications ( NASDAQ:CCOI – Get Free Report ) last released its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.
91) earnings per share for the quarter, beating the consensus estimate of ($1.22) by $0.31.
Cogent Communications had a negative return on equity of 36.31% and a net margin of 3.73%.
The business had revenue of $252.29 million for the quarter, compared to analyst estimates of $258.49 million.
Equities research analysts forecast that Cogent Communications Holdings, Inc. will post -4.55 EPS for the current year.
Cogent Communications Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 13th were issued a $1.005 dividend.
The ex-dividend date of this dividend was Thursday, March 13th. This represents a $4.02 dividend on an annualized basis and a yield of 7.
47%. This is an increase from Cogent Communications’s previous quarterly dividend of $1.00.
Cogent Communications’s dividend payout ratio is currently -93.49%. Cogent Communications Profile ( Free Report ) Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Oceania, South America, and Africa.
The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers. Further Reading Five stocks we like better than Cogent Communications What is the S&P 500 and How It is Distinct from Other Indexes Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore The Role Economic Reports Play in a Successful Investment Strategy Are Tariffs Threatening Disney’s Comeback Story? How to Short Nasdaq: An Easy-to-Follow Guide Is Alphabet a Generational Buying Opportunity at These Levels? Receive News & Ratings for Cogent Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogent Communications and related companies with MarketBeat.
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