Cogent Communications Holdings Inc (CCOI) Position Boosted by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Cogent Communications Holdings Inc (NASDAQ:CCOI) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,447,822 shares of the technology company’s stock after buying an additional 206,001 shares during the period. First Trust Advisors LP owned 3.15% of Cogent Communications worth $65,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Cogent Communications by 1,919.3% during the second quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the technology company’s stock valued at $151,000 after buying an additional 3,589 shares during the period. Sei Investments Co. lifted its stake in shares of Cogent Communications by 42.4% during the third quarter. Sei Investments Co. now owns 4,163 shares of the technology company’s stock valued at $203,000 after buying an additional 1,240 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Cogent Communications by 225.7% during the third quarter. Envestnet Asset Management Inc. now owns 4,762 shares of the technology company’s stock valued at $232,000 after buying an additional 3,300 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Cogent Communications by 1,378.7% during the third quarter. Public Employees Retirement System of Ohio now owns 6,048 shares of the technology company’s stock valued at $296,000 after buying an additional 5,639 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Cogent Communications during the second quarter valued at approximately $355,000. 94.11% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Henry W. Kilmer sold 3,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $44.54, for a total value of $133,620.00. Following the completion of the sale, the vice president now owns 33,600 shares of the company’s stock, valued at $1,496,544. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc Montagner sold 5,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $47.00, for a total transaction of $235,000.00. Following the completion of the sale, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,880,000. The disclosure for this sale can be found here. Insiders sold 13,250 shares of company stock valued at $611,435 in the last three months. Company insiders own 9.48% of the company’s stock.

Several brokerages recently issued reports on CCOI. Zacks Investment Research raised shares of Cogent Communications from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, January 25th. BidaskClub lowered shares of Cogent Communications from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Macquarie lowered shares of Cogent Communications from a “neutral” rating to an “underperform” rating in a research report on Friday, November 3rd. SunTrust Banks lowered shares of Cogent Communications from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Friday, November 3rd. Finally, Jefferies Group upped their price target on shares of Cogent Communications from $39.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Cogent Communications currently has a consensus rating of “Hold” and a consensus price target of $42.27.

Cogent Communications Holdings Inc (CCOI) opened at $44.25 on Friday. Cogent Communications Holdings Inc has a 52-week low of $37.85 and a 52-week high of $54.85. The company has a debt-to-equity ratio of -8.84, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market cap of $2,001.34, a P/E ratio of 120.97, a P/E/G ratio of 6.16 and a beta of 0.49.

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Cogent Communications 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.

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

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