Boston Financial Mangement LLC increased its position in shares of Cogent Communications Holdings Inc (NASDAQ:CCOI) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 376,031 shares of the technology company’s stock after purchasing an additional 16,261 shares during the quarter. Cogent Communications makes up about 1.1% of Boston Financial Mangement LLC’s holdings, making the stock its 22nd biggest position. Boston Financial Mangement LLC’s holdings in Cogent Communications were worth $17,034,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CCOI. Wells Fargo & Company MN raised its position in Cogent Communications by 19.6% in the second quarter. Wells Fargo & Company MN now owns 92,318 shares of the technology company’s stock worth $3,702,000 after acquiring an additional 15,110 shares during the period. Alliancebernstein L.P. raised its position in Cogent Communications by 4.5% in the second quarter. Alliancebernstein L.P. now owns 69,861 shares of the technology company’s stock worth $2,801,000 after acquiring an additional 3,000 shares during the period. Teachers Advisors LLC raised its position in Cogent Communications by 0.9% in the second quarter. Teachers Advisors LLC now owns 76,177 shares of the technology company’s stock worth $3,055,000 after acquiring an additional 650 shares during the period. Ameriprise Financial Inc. raised its position in Cogent Communications by 21.1% in the second quarter. Ameriprise Financial Inc. now owns 269,152 shares of the technology company’s stock worth $10,793,000 after acquiring an additional 46,968 shares during the period. Finally, Amalgamated Bank raised its position in Cogent Communications by 4.8% in the second quarter. Amalgamated Bank now owns 5,756 shares of the technology company’s stock worth $231,000 after acquiring an additional 265 shares during the period. 95.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cogent Communications Holdings Inc (NASDAQ:CCOI) opened at $42.55 on Wednesday. Cogent Communications Holdings Inc has a 12-month low of $37.85 and a 12-month high of $54.85. The company has a debt-to-equity ratio of -8.84, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market cap of $1,950.00, a P/E ratio of 121.57, a PEG ratio of 6.16 and a beta of 0.49.

Several brokerages have commented on CCOI. Citigroup lowered shares of Cogent Communications from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $43.00 to $39.00 in a research report on Thursday, November 2nd. KeyCorp reaffirmed a “hold” rating on shares of Cogent Communications in a research report on Wednesday, October 11th. BidaskClub lowered shares of Cogent Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. 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 report on Thursday, January 25th. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of Cogent Communications in a research report on Friday, November 3rd. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.27.

In other news, VP Henry W. Kilmer sold 3,000 shares of the business’s stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through the SEC website. Also, CFO Thaddeus Gerard Weed sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $45.81, for a total transaction of $91,620.00. Following the completion of the sale, the chief financial officer now directly owns 67,650 shares in the company, valued at approximately $3,099,046.50. The disclosure for this sale can be found here. In the last three months, insiders sold 13,250 shares of company stock worth $611,435. Insiders own 9.48% of the company’s stock.

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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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