Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Stock Position Reduced by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC decreased its stake in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,464 shares of the technology company’s stock after selling 372 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Cogent Communications were worth $1,500,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Illinois Municipal Retirement Fund lifted its holdings in shares of Cogent Communications by 10.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 24,070 shares of the technology company’s stock worth $1,855,000 after purchasing an additional 2,260 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Cogent Communications in the 4th quarter worth approximately $63,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Cogent Communications in the 4th quarter worth approximately $867,000. Ipswich Investment Management Co. Inc. lifted its holdings in shares of Cogent Communications by 3.4% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 42,479 shares of the technology company’s stock worth $3,274,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its holdings in shares of Cogent Communications by 8,542.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 237,678 shares of the technology company’s stock worth $18,318,000 after purchasing an additional 234,928 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

Cogent Communications Stock Up 1.1 %

CCOI opened at $80.11 on Thursday. Cogent Communications Holdings, Inc. has a 12 month low of $50.80 and a 12 month high of $86.76. The stock has a market cap of $3.93 billion, a P/E ratio of 102.71 and a beta of 0.40. The stock’s 50 day moving average price is $76.77 and its 200 day moving average price is $77.07. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.03 and a quick ratio of 2.03.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, VP Henry W. Kilmer sold 4,800 shares of Cogent Communications stock in a transaction on Thursday, December 12th. The stock was 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 in the company, valued at approximately $2,555,618. This trade represents a 12.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO James Bubeck sold 1,920 shares of Cogent Communications stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $81.42, for a total value of $156,326.40. Following the transaction, the executive now owns 51,462 shares in the company, valued at approximately $4,190,036.04. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,440 shares of company stock worth $1,057,910. 11.40% of the stock is owned by company insiders.

Cogent Communications 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.