Bryn Mawr Capital Management LLC Has $18.32 Million Stock Holdings in Cogent Communications Holdings, Inc. (NASDAQ:CCOI)

Bryn Mawr Capital Management LLC raised its position in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) by 8,542.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 237,678 shares of the technology company’s stock after buying an additional 234,928 shares during the period. Bryn Mawr Capital Management LLC owned about 0.48% of Cogent Communications worth $18,318,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in Cogent Communications by 1.3% in the third 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. boosted its stake in shares of Cogent Communications by 0.3% in 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 purchasing an additional 5,307 shares during the last quarter. Thrivent Financial for Lutherans grew 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 worth $78,916,000 after buying an additional 4,197 shares during the period. Geode Capital Management LLC raised its stake in shares of Cogent Communications by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,014,322 shares of the technology company’s stock worth $77,021,000 after buying an additional 3,093 shares during the last quarter. Finally, FMR LLC lifted its holdings in Cogent Communications by 11.0% in the third quarter. FMR LLC now owns 800,758 shares of the technology company’s stock valued at $60,793,000 after buying an additional 79,474 shares during the period. 92.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cogent Communications news, CRO James Bubeck sold 1,920 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $81.42, for a total transaction of $156,326.40. Following the sale, the executive now directly owns 51,462 shares in the company, valued at approximately $4,190,036.04. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Henry W. Kilmer sold 4,800 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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 of the company’s stock, valued at $2,555,618. This trade represents a 12.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,440 shares of company stock valued at $1,057,910. 11.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group started coverage on shares of Cogent Communications in a 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 issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.25.

Cogent Communications Trading Up 0.0 %

Shares of NASDAQ CCOI opened at $83.44 on Thursday. Cogent Communications Holdings, Inc. has a twelve month low of $50.80 and a twelve month high of $86.76. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 106.97 and a beta of 0.40. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 5.87. The company’s fifty day moving average is $76.32 and its 200-day moving average is $76.65.

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.