Skylands Capital Lowers stake in Cogent Communications Holdings Inc (CCOI)

Cogent Communications Holdings Inc (CCOI) : Skylands Capital reduced its stake in Cogent Communications Holdings Inc by 9.47% during the most recent quarter end. The investment management company now holds a total of 314,000 shares of Cogent Communications Holdings Inc which is valued at $13,539,680 after selling 32,850 shares in Cogent Communications Holdings Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Cogent Communications Holdings Inc makes up approximately 2.10% of Skylands Capital’s portfolio.

Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in CCOI in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 1,476 shares of Cogent Communications Holdings Inc which is valued at $63,512. Americafirst Capital Management sold out all of its stake in CCOI during the most recent quarter. The investment firm sold 11,445 shares of CCOI which is valued $492,936.Capstone Asset Management Co boosted its stake in CCOI in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 12,616 shares of Cogent Communications Holdings Inc which is valued at $541,731. Cogent Communications Holdings Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CCOI in the latest quarter, The investment management firm added 6,908 additional shares and now holds a total of 12,867 shares of Cogent Communications Holdings Inc which is valued at $541,057.

Cogent Communications Holdings Inc closed down -0.28 points or -0.65% at $42.73 with 5,33,238 shares getting traded on Friday. Post opening the session at $42.97, the shares hit an intraday low of $42.4899 and an intraday high of $43.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Cogent Communications Holdings Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.07. The company had revenue of $108.30 million for the quarter, compared to analysts expectations of $107.92 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

Cogent Communications Holdings Inc. is a facility-based provider of Internet access Internet Protocol (IP) and communications services. The Company’s network is designed and optimized to transmit data using IP. The Company delivers its services to small and medium-sized businesses communications service providers and other bandwidth-intensive organizations in North America Europe and Japan. The Company offers on-net Internet access services through its own facilities which run from its network to its customers’ premises. The Company offers its on-net services to customers located in buildings that are physically connected to its network. Its on-net service consists of Internet access and IP connectivity ranging from 100 Megabits per second to 100 Gigabits per second of bandwidth. It provides its on-net Internet access services to its net-centric and corporate customers.

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