Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is Prairieview Wealth Partners LLC’s 10th Largest Position

Prairieview Wealth Partners LLC grew its holdings in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.9% of Prairieview Wealth Partners LLC’s portfolio, making the stock its 10th largest holding. Prairieview Wealth Partners LLC’s holdings in Cogent Communications were worth $828,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Ipswich Investment Management Co. Inc. grew its position in shares of Cogent Communications by 0.5% in the third quarter. Ipswich Investment Management Co. Inc. now owns 41,079 shares of the technology company’s stock valued at $3,119,000 after purchasing an additional 185 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position 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 acquiring an additional 212 shares during the last quarter. Blue Trust Inc. boosted its position in Cogent Communications by 53.8% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the technology company’s stock worth $47,000 after acquiring an additional 218 shares during the last quarter. Capstone Triton Financial Group LLC boosted its position in Cogent Communications by 3.1% during the third quarter. Capstone Triton Financial Group LLC now owns 10,401 shares of the technology company’s stock worth $790,000 after acquiring an additional 313 shares during the last quarter. Finally, KBC Group NV boosted its position in Cogent Communications by 28.7% during the third quarter. KBC Group NV now owns 1,463 shares of the technology company’s stock worth $111,000 after acquiring an additional 326 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cogent Communications

In other news, Director Blake Bath sold 6,220 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $83.69, for a total value of $520,551.80. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $836,900. This trade represents a 38.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lewis H. Ferguson sold 846 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.76, for a total transaction of $69,168.96. Following the completion of the transaction, the director now directly owns 18,354 shares in the company, valued at approximately $1,500,623.04. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,506 shares of company stock worth $1,647,631 in the last quarter. 11.40% of the stock is owned by insiders.

Cogent Communications Stock Up 0.0 %

Shares of CCOI opened at $81.92 on Thursday. The firm has a market cap of $4.02 billion, a PE ratio of 105.03 and a beta of 0.40. The company’s fifty day moving average is $75.78 and its two-hundred day moving average is $76.16. Cogent Communications Holdings, Inc. has a fifty-two week low of $50.80 and a fifty-two week high of $86.76. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 5.87.

Wall Street Analysts Forecast Growth

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

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.