Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Stock Position Boosted by Prairieview Wealth Partners LLC

Prairieview Wealth Partners LLC grew its holdings in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 9.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,742 shares of the technology company’s stock after purchasing an additional 960 shares during the quarter. Cogent Communications makes up about 0.9% of Prairieview Wealth Partners LLC’s portfolio, making the stock its 10th biggest holding. Prairieview Wealth Partners LLC’s holdings in Cogent Communications were worth $828,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in Cogent Communications by 207.0% during the 3rd quarter. GAMMA Investing LLC now owns 660 shares of the technology company’s stock worth $50,000 after buying an additional 445 shares during the period. Creative Planning increased its stake in Cogent Communications by 40.1% during the 3rd quarter. Creative Planning now owns 17,618 shares of the technology company’s stock worth $1,338,000 after buying an additional 5,043 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Cogent Communications by 5.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,984 shares of the technology company’s stock worth $378,000 after buying an additional 262 shares during the period. Inspire Advisors LLC increased its position in shares of Cogent Communications by 11.4% in the 3rd quarter. Inspire Advisors LLC now owns 29,349 shares of the technology company’s stock worth $2,228,000 after purchasing an additional 2,995 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Cogent Communications by 204.5% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the technology company’s stock worth $31,000 after purchasing an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Insider Buying and Selling at Cogent Communications

In other Cogent Communications news, Director Blake Bath sold 6,220 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $83.69, for a total transaction of $520,551.80. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $836,900. The trade was a 38.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Henry W. Kilmer sold 4,800 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $75.61, for a total transaction of $362,928.00. Following the transaction, the vice president now directly owns 33,800 shares of the company’s stock, valued at $2,555,618. The trade was a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,506 shares of company stock valued at $1,647,631 in the last ninety days. Company insiders own 11.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group started coverage on shares of Cogent Communications in a research report on Thursday, November 14th. They issued a “buy” rating and a $102.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cogent Communications has a consensus rating of “Hold” and a consensus price target of $80.25.

Cogent Communications Trading Up 0.0 %

NASDAQ CCOI opened at $81.92 on Thursday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 2.03 and a current ratio of 2.03. The company has a 50-day simple moving average of $75.78 and a 200-day simple moving average of $76.16. The firm has a market capitalization of $4.02 billion, a PE ratio of 105.03 and a beta of 0.40. Cogent Communications Holdings, Inc. has a one year low of $50.80 and a one year high of $86.76.

Cogent Communications Company Profile

Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Oceania, South America, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers.