Cogent Communications Holdings Inc (CCOI) : Rivulet Capital reduced its stake in Cogent Communications Holdings Inc by 29.8% during the most recent quarter end. The investment management company now holds a total of 808,100 shares of Cogent Communications Holdings Inc which is valued at $31,055,283 after selling 343,100 shares in Cogent Communications Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cogent Communications Holdings Inc makes up approximately 7.99% of Rivulet Capital’s portfolio.
Other Hedge Funds, Including , Eagle Capital Management reduced its stake in CCOI by selling 13,600 shares or 37.06% in the most recent quarter. The Hedge Fund company now holds 23,100 shares of CCOI which is valued at $887,733.Renaissance Technologies reduced its stake in CCOI by selling 61,600 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 1,536,300 shares of CCOI which is valued at $59,040,009. Cogent Communications Holdings Inc makes up approx 0.11% of Renaissance Technologies’s portfolio.Convergence Investment Partners boosted its stake in CCOI in the latest quarter, The investment management firm added 9,630 additional shares and now holds a total of 37,750 shares of Cogent Communications Holdings Inc which is valued at $1,450,733. Cogent Communications Holdings Inc makes up approx 0.19% of Convergence Investment Partners’s portfolio. Acrospire Investment Management sold out all of its stake in CCOI during the most recent quarter. The investment firm sold 392 shares of CCOI which is valued $14,473.
Cogent Communications Holdings Inc closed down -0.31 points or -0.87% at $35.23 with 6,82,920 shares getting traded on Thursday. Post opening the session at $35.52, the shares hit an intraday low of $35.07 and an intraday high of $36.13 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Cogent Communications Holdings Inc reported $0.09 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.09. The company had revenue of $110.00 million for the quarter, compared to analysts expectations of $110.82 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Cogent Communications Holdings Inc. Cogent Communications Holdings Inc was Downgraded by Raymond James to ” Mkt Perform” on Aug 8, 2016.
Cogent Communications Holdings Inc. is a facility-based provider of Internet access Internet Protocol (IP) and communications services. The Companys 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.