The ProShare Advisors LLC Has $247,000 Position in Cogent Communications Holdings Inc (CCOI)

The ProShare Advisors LLC Has $247,000 Position in Cogent Communications Holdings Inc (CCOI)

Several other hedge funds have also recently bought and sold shares of CCOI. Brown Advisory Inc. boosted its stake in Cogent Communications Holdings by 8.7% in the fourth quarter. Brown Advisory Inc. now owns 1,855,206 shares of the technology company’s stock valued at $76,713,000 after buying an additional 149,057 shares during the period. Renaissance Technologies LLC boosted its stake in Cogent Communications Holdings by 9.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,626,100 shares of the technology company’s stock valued at $67,239,000 after buying an additional 147,000 shares during the period. MIG Capital LLC purchased a new stake in Cogent Communications Holdings during the fourth quarter valued at $47,474,000. State Street Corp boosted its stake in Cogent Communications Holdings by 7.0% in the fourth quarter. State Street Corp now owns 946,478 shares of the technology company’s stock valued at $39,134,000 after buying an additional 62,053 shares during the period. Finally, FIL Ltd boosted its stake in Cogent Communications Holdings by 2.4% in the fourth quarter. FIL Ltd now owns 635,085 shares of the technology company’s stock valued at $26,261,000 after buying an additional 14,691 shares during the period. 99.84% of the stock is owned by institutional investors and hedge funds.

ProShare Advisors LLC cut its stake in shares of Cogent Communications Holdings Inc (NASDAQ:CCOI) by 24.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,738 shares of the technology company’s stock after selling 1,850 shares during the period. ProShare Advisors LLC’s holdings in Cogent Communications Holdings were worth $247,000 as of its most recent filing with the SEC.

Shares of Cogent Communications Holdings Inc (NASDAQ:CCOI) opened at 41.10 on Monday. Cogent Communications Holdings Inc has a 12-month low of $34.23 and a 12-month high of $45.25. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 120.88 and a beta of 0.93. The firm’s 50-day moving average is $41.62 and its 200-day moving average is $41.32.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, May 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Cogent Communications Holdings had a net margin of 3.10% and a negative return on equity of 53.79%. The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $119.02 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Cogent Communications Holdings’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts forecast that Cogent Communications Holdings Inc will post $0.52 EPS for the current fiscal year. The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Thursday, May 18th were paid a dividend of $0.44 per share. This is an increase from Cogent Communications Holdings’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Tuesday, May 16th. Cogent Communications Holdings’s payout ratio is currently 516.13%.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, May 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Cogent Communications Holdings had a net margin of 3.10% and a negative return on equity of 53.79%. The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $119.02 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Cogent Communications Holdings’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts forecast that Cogent Communications Holdings Inc will post $0.52 EPS for the current fiscal year. Several analysts have recently weighed in on CCOI shares. Cowen and Company cut shares of Cogent Communications Holdings from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research note on Tuesday, May 2nd. They noted that the move was a valuation call. Jefferies Group LLC increased their price objective on shares of Cogent Communications Holdings from $37.00 to $41.00 and gave the stock a “positive” rating in a research report on Friday, February 24th. Zacks Investment Research cut shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. TheStreet cut shares of Cogent Communications Holdings from a “b-” rating to a “c+” rating in a research report on Friday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Cogent Communications Holdings in a research report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.79.

In other Cogent Communications Holdings news, Director Tim Weingarten sold 2,369 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $40.51, for a total transaction of $95,968.19. Following the completion of the sale, the director now directly owns 20,285 shares in the company, valued at $821,745.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven D. Brooks sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $41.77, for a total transaction of $125,310.00. Following the sale, the director now owns 32,900 shares of the company’s stock, valued at $1,374,233. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,619 shares of company stock valued at $830,201. 9.17% of the stock is owned by insiders. Cogent Communications Holdings Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CCOI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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