Yousif Capital Management LLC Has $1.23 Million Holdings in Cogent Communications Holdings, Inc. (NASDAQ:CCOI)

Yousif Capital Management LLC trimmed its stake in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,017 shares of the technology company’s stock after selling 310 shares during the period. Yousif Capital Management LLC’s holdings in Cogent Communications were worth $1,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ipswich Investment Management Co. Inc. lifted its stake 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 buying an additional 185 shares during the period. Blue Trust Inc. lifted its position in shares of Cogent Communications by 53.8% in the 4th 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 period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Cogent Communications by 5.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,984 shares of the technology company’s stock worth $378,000 after acquiring an additional 262 shares during the period. Capstone Triton Financial Group LLC increased its position in shares of 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 valued at $790,000 after purchasing an additional 313 shares during the period. Finally, KBC Group NV increased its position in shares of Cogent Communications by 28.7% during the third quarter. KBC Group NV now owns 1,463 shares of the technology company’s stock valued at $111,000 after purchasing an additional 326 shares during the period. Institutional investors own 92.45% of the company’s stock.

Cogent Communications Price Performance

Shares of CCOI stock opened at $82.66 on Friday. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.03 and a quick ratio of 2.03. The stock’s fifty day simple moving average is $75.86 and its 200 day simple moving average is $76.20. Cogent Communications Holdings, Inc. has a one year low of $50.80 and a one year high of $86.76. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 105.97 and a beta of 0.40.

Insider Activity

In related news, Director Blake Bath sold 6,220 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $83.69, for a total transaction of $520,551.80. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $836,900. This trade represents a 38.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lewis H. Ferguson sold 846 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.76, for a total value 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. In the last quarter, insiders have sold 20,506 shares of company stock worth $1,647,631. Corporate insiders own 11.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group began coverage on Cogent Communications in a research report on Thursday, November 14th. They issued a “buy” rating and a $102.00 target price for the company. 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. Based on data from MarketBeat.com, Cogent Communications presently has an average rating of “Hold” and an average target price of $80.25.

Cogent Communications Company 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.