Consolidated Planning Corp Has $870,000 Stock Holdings in Cogent Communications Holdings, Inc. (NASDAQ:CCOI)

Consolidated Planning Corp boosted its position in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 36.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,288 shares of the technology company’s stock after buying an additional 2,988 shares during the quarter. Consolidated Planning Corp’s holdings in Cogent Communications were worth $870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its position in shares of Cogent Communications by 1.3% during the 3rd quarter. State Street Corp now owns 1,750,810 shares of the technology company’s stock valued at $132,921,000 after acquiring an additional 22,738 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in shares of Cogent Communications by 0.3% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,542,503 shares of the technology company’s stock valued at $117,107,000 after acquiring an additional 5,307 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Cogent Communications by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,039,458 shares of the technology company’s stock valued at $78,916,000 after acquiring an additional 4,197 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cogent Communications by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,014,322 shares of the technology company’s stock valued at $77,021,000 after acquiring an additional 3,093 shares during the last quarter. Finally, FMR LLC raised its position in shares of Cogent Communications by 11.0% during the 3rd quarter. FMR LLC now owns 800,758 shares of the technology company’s stock valued at $60,793,000 after acquiring an additional 79,474 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group began 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 for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.25.

Cogent Communications Price Performance

CCOI opened at $81.92 on Thursday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 5.87. Cogent Communications Holdings, Inc. has a 12 month low of $50.80 and a 12 month high of $86.76. The company has a fifty day simple moving average of $75.78 and a 200 day simple moving average of $76.16. The stock has a market cap of $4.02 billion, a P/E ratio of 105.03 and a beta of 0.40.

Insider Activity at Cogent Communications

In other Cogent Communications news, VP Henry W. Kilmer sold 4,800 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $75.61, for a total transaction of $362,928.00. Following the completion of the transaction, the vice president now owns 33,800 shares in the company, valued at approximately $2,555,618. This represents a 12.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blake Bath sold 6,220 shares of the stock in a transaction dated Thursday, November 21st. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 20,506 shares of company stock worth $1,647,631 in the last quarter. Corporate insiders own 11.40% of the company’s stock.

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.