4,956 Shares in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new position in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,956 shares of the technology company’s stock, valued at approximately $382,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Vest Financial LLC boosted its holdings in Cogent Communications by 21.4% during the fourth quarter. Vest Financial LLC now owns 3,305 shares of the technology company’s stock worth $255,000 after buying an additional 582 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Cogent Communications by 4.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,196 shares of the technology company’s stock worth $400,000 after buying an additional 212 shares in the last quarter. Capital Insight Partners LLC boosted its holdings in Cogent Communications by 4.0% during the fourth quarter. Capital Insight Partners LLC now owns 65,476 shares of the technology company’s stock worth $5,046,000 after buying an additional 2,524 shares in the last quarter. KBC Group NV boosted its holdings in Cogent Communications by 59.0% during the fourth quarter. KBC Group NV now owns 2,326 shares of the technology company’s stock worth $179,000 after buying an additional 863 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Cogent Communications by 53.8% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the technology company’s stock worth $47,000 after purchasing an additional 218 shares during the period. 92.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Cogent Communications

In other Cogent Communications news, CFO Thaddeus Gerard Weed sold 4,800 shares of Cogent Communications stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $81.58, for a total transaction of $391,584.00. Following the completion of the sale, the chief financial officer now owns 88,500 shares of the company’s stock, valued at $7,219,830. This trade represents a 5.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO James Bubeck sold 1,920 shares of Cogent Communications stock in a transaction on Monday, December 9th. The shares were sold at an average price of $76.60, for a total transaction of $147,072.00. Following the sale, the executive now directly owns 49,542 shares of the company’s stock, valued at $3,794,917.20. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,440 shares of company stock valued at $1,057,910 in the last quarter. Company insiders own 11.00% of the company’s stock.

Cogent Communications Trading Up 0.0 %

Cogent Communications stock opened at $83.44 on Thursday. The company has a 50 day moving average price of $76.32 and a 200 day moving average price of $76.65. Cogent Communications Holdings, Inc. has a 52 week low of $50.80 and a 52 week high of $86.76. 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 firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 106.97 and a beta of 0.40.

About Cogent Communications

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.