Cogent Communications Holdings, Inc. (CCOI) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lowered its stake in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 46.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,552 shares of the technology company’s stock after selling 67,545 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.18% of Cogent Communications Holdings worth $3,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CCOI. Goldman Sachs Group Inc. grew its position in shares of Cogent Communications Holdings by 0.3% during the first quarter. Goldman Sachs Group Inc. now owns 174,471 shares of the technology company’s stock worth $7,511,000 after acquiring an additional 524 shares during the last quarter. Aperio Group LLC grew its position in shares of Cogent Communications Holdings by 1.1% during the second quarter. Aperio Group LLC now owns 9,168 shares of the technology company’s stock worth $368,000 after acquiring an additional 99 shares during the last quarter. BlackRock Inc. grew its position in shares of Cogent Communications Holdings by 3.5% during the second quarter. BlackRock Inc. now owns 5,128,950 shares of the technology company’s stock worth $205,670,000 after acquiring an additional 172,987 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Cogent Communications Holdings by 35.3% during the first quarter. OppenheimerFunds Inc. now owns 8,785 shares of the technology company’s stock worth $378,000 after acquiring an additional 2,291 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Cogent Communications Holdings by 6.0% during the first quarter. Geode Capital Management LLC now owns 336,917 shares of the technology company’s stock worth $14,504,000 after acquiring an additional 18,988 shares during the last quarter. 93.02% of the stock is currently owned by institutional investors.

CCOI has been the topic of a number of research reports. Royal Bank Of Canada restated a “buy” rating and set a $45.00 target price on shares of Cogent Communications Holdings in a research report on Sunday, July 9th. Deutsche Bank AG restated a “buy” rating and set a $48.00 target price (up from $47.00) on shares of Cogent Communications Holdings in a research report on Friday, July 14th. BidaskClub upgraded shares of Cogent Communications Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Cowen and Company restated a “hold” rating and set a $42.00 target price on shares of Cogent Communications Holdings in a research report on Friday, July 28th. Finally, Off Wall Street initiated coverage on shares of Cogent Communications Holdings in a research report on Monday, July 31st. They set a “sell” rating and a $29.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.23.

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Cogent Communications Holdings (NASDAQ:CCOI) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.06). The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $123.60 million. Cogent Communications Holdings had a negative return on equity of 27.66% and a net margin of 3.39%. Cogent Communications Holdings’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 earnings per share.

In related news, CFO Thaddeus Gerard Weed sold 2,250 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $43.51, for a total transaction of $97,897.50. Following the completion of the transaction, the chief financial officer now directly owns 72,650 shares in the company, valued at approximately $3,161,001.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Timothy G. Oneill sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $48.75, for a total value of $97,500.00. Following the transaction, the vice president now owns 39,052 shares of the company’s stock, valued at $1,903,785. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,466 shares of company stock valued at $1,380,404. 9.48% of the stock is owned by company insiders.

Cogent Communications Holdings 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.

Institutional Ownership by Quarter for Cogent Communications Holdings (NASDAQ:CCOI)

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