Personal Capital Advisors Corp reduced its holdings in shares of Cogent Communications Holdings Inc (NASDAQ:CCOI) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 248,959 shares of the technology company’s stock after selling 3,974 shares during the period. Personal Capital Advisors Corp’s holdings in Cogent Communications were worth $11,278,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its stake in shares of Cogent Communications by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,395 shares of the technology company’s stock valued at $217,000 after buying an additional 53 shares during the last quarter. Laurion Capital Management LP raised its position in shares of Cogent Communications by 1.3% during the 2nd quarter. Laurion Capital Management LP now owns 8,000 shares of the technology company’s stock valued at $321,000 after acquiring an additional 100 shares in the last quarter. Amalgamated Bank raised its position in shares of Cogent Communications by 4.8% during the 2nd quarter. Amalgamated Bank now owns 5,756 shares of the technology company’s stock valued at $231,000 after acquiring an additional 265 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Cogent Communications by 0.9% during the 2nd quarter. Teachers Advisors LLC now owns 76,177 shares of the technology company’s stock valued at $3,055,000 after acquiring an additional 650 shares in the last quarter. Finally, Flinton Capital Management LLC raised its position in shares of Cogent Communications by 63.4% during the 2nd quarter. Flinton Capital Management LLC now owns 2,640 shares of the technology company’s stock valued at $106,000 after acquiring an additional 1,024 shares in the last quarter. Institutional investors own 95.49% of the company’s stock.

In other Cogent Communications news, CFO Thaddeus Gerard Weed sold 2,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $45.81, for a total value of $91,620.00. Following the sale, the chief financial officer now directly owns 67,650 shares of the company’s stock, valued at $3,099,046.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert N. Beury, Jr. sold 3,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $46.51, for a total value of $139,530.00. Following the completion of the sale, the vice president now directly owns 47,240 shares in the company, valued at $2,197,132.40. The disclosure for this sale can be found here. Insiders sold 13,250 shares of company stock worth $611,435 over the last ninety days. 9.48% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on CCOI shares. Deutsche Bank upped their price target on Cogent Communications from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised Cogent Communications from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Monday, October 9th. BidaskClub raised Cogent Communications from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Jefferies Group upped their price target on Cogent Communications from $39.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Finally, SunTrust Banks lowered Cogent Communications from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.18.

Shares of Cogent Communications Holdings Inc (CCOI) opened at $44.50 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 quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of -8.84. The firm has a market capitalization of $2,031.21, a price-to-earnings ratio of 123.61, a price-to-earnings-growth ratio of 6.25 and a beta of 0.58.

Cogent Communications (NASDAQ:CCOI) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.06). Cogent Communications had a negative return on equity of 23.86% and a net margin of 3.37%. The company had revenue of $123.00 million during the quarter, compared to analyst estimates of $123.60 million. During the same period in the prior year, the business earned $0.08 earnings per share. Cogent Communications’s quarterly revenue was up 8.8% on a year-over-year basis. equities analysts anticipate that Cogent Communications Holdings Inc will post 0.38 EPS for the current fiscal year.

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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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