James Bubeck Sells 2,000 Shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Stock

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) CRO James Bubeck sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $71.67, for a total transaction of $143,340.00. Following the completion of the sale, the executive now owns 57,142 shares of the company’s stock, valued at $4,095,367.14. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

James Bubeck also recently made the following trade(s):

• On Monday, December 9th, James Bubeck sold 1,920 shares of Cogent Communications stock. The shares were sold at an average price of $76.60, for a total transaction of $147,072.00.

Cogent Communications Stock Up 1.0 %

Shares of Cogent Communications stock opened at $70.90 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 5.87. Cogent Communications Holdings, Inc. has a 12 month low of $50.80 and a 12 month high of $86.76. The business has a fifty day simple moving average of $76.35 and a 200 day simple moving average of $77.04. The stock has a market cap of $3.48 billion, a PE ratio of 90.90 and a beta of 0.40.

Cogent Communications (NASDAQ:CCOI) last announced its quarterly earnings results on Thursday, February 27th. The technology company reported ($0.91) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.31. The business had revenue of $252.29 million for the quarter, compared to the consensus estimate of $258.49 million. Cogent Communications had a net margin of 3.73% and a negative return on equity of 36.31%. Research analysts predict that Cogent Communications Holdings, Inc. will post -4.55 EPS for the current year.

Cogent Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be issued a $1.005 dividend. This is a positive change from Cogent Communications’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $4.02 annualized dividend and a dividend yield of 5.67%. Cogent Communications’s payout ratio is -93.49%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group assumed coverage on Cogent Communications in a report on Thursday, November 14th. They set a “buy” rating and a $102.00 price objective on the stock. StockNews.com upgraded Cogent Communications to a “sell” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cogent Communications presently has an average rating of “Hold” and a consensus price target of $80.25.

Hedge Funds Weigh In On Cogent Communications

Institutional investors and hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Cogent Communications in the 3rd quarter valued at $30,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Cogent Communications during the fourth quarter worth about $46,000. Quest Partners LLC acquired a new stake in shares of Cogent Communications during the third quarter worth about $46,000. Blue Trust Inc. raised its position in shares of Cogent Communications by 53.8% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the technology company’s stock worth $47,000 after purchasing an additional 218 shares during the period. Finally, BankPlus Trust Department acquired a new stake in shares of Cogent Communications during the fourth quarter worth about $63,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

Cogent Communications Company Profile

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.