Cogent Communications Holdings Inc (NASDAQ:CCOI) Shares Sold by Hancock Whitney Corp

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Hancock Whitney Corp lessened its stake in shares of Cogent Communications Holdings Inc (NASDAQ:CCOI) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 32,312 shares of the technology company’s stock after selling 482 shares during the period. Hancock Whitney Corp’s holdings in Cogent Communications were worth $2,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CCOI. Swiss National Bank increased its position in shares of Cogent Communications by 2.7% during the fourth quarter. Swiss National Bank now owns 85,100 shares of the technology company’s stock worth $5,600,000 after acquiring an additional 2,200 shares during the last quarter. Boston Financial Mangement LLC increased its holdings in Cogent Communications by 1.5% in the fourth quarter. Boston Financial Mangement LLC now owns 554,882 shares of the technology company’s stock valued at $36,517,000 after buying an additional 8,424 shares during the last quarter. Rhumbline Advisers increased its holdings in Cogent Communications by 6.3% in the fourth quarter. Rhumbline Advisers now owns 148,382 shares of the technology company’s stock valued at $9,765,000 after buying an additional 8,812 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Cogent Communications by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 362,321 shares of the technology company’s stock valued at $23,844,000 after buying an additional 3,268 shares during the last quarter. Finally, Corient Capital Partners LLC bought a new stake in Cogent Communications in the fourth quarter valued at about $215,000. Institutional investors own 85.37% of the company’s stock.

Several analysts recently weighed in on the company. Moffett Nathanson lowered Cogent Communications from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a report on Thursday, January 30th. Zacks Investment Research raised Cogent Communications from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. Wells Fargo & Co reissued a “hold” rating on shares of Cogent Communications in a report on Friday, December 6th. Royal Bank of Canada boosted their price objective on Cogent Communications from $54.00 to $65.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. Finally, TheStreet raised Cogent Communications from a “c+” rating to a “b-” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $68.57.

In other news, VP Timothy G. Oneill sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $62.60, for a total transaction of $62,600.00. Following the completion of the transaction, the vice president now directly owns 33,752 shares of the company’s stock, valued at $2,112,875.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy G. Oneill sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $67.42, for a total value of $134,840.00. Following the transaction, the vice president now directly owns 29,752 shares of the company’s stock, valued at $2,005,879.84. The disclosure for this sale can be found here. Insiders have sold 18,024 shares of company stock valued at $1,127,107 over the last ninety days. Corporate insiders own 10.17% of the company’s stock.

NASDAQ:CCOI opened at $76.79 on Friday. The firm has a market capitalization of $3.56 billion, a PE ratio of 92.65, a price-to-earnings-growth ratio of 9.92 and a beta of 0.60. The stock has a 50 day moving average of $71.29 and a 200-day moving average of $62.52. Cogent Communications Holdings Inc has a 52 week low of $48.04 and a 52 week high of $77.05.

About Cogent Communications

Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, Asia, Australia, and Brazil.

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Institutional Ownership by Quarter for Cogent Communications (NASDAQ:CCOI)

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