Camarda Financial Advisors Stake in Pioneer Floating Rate Tr (PHD) Lifted by $443,124; As Cogent Communications Hldgs (CCOI) Market Valuation Declined, Mig Capital Has Cut Stake

February 14, 2018 - By Vivian Park

Camarda Financial Advisors Llc increased its stake in Pioneer Floating Rate Tr (PHD) by 7.7% based on its latest 2017Q3 regulatory filing with the SEC. Camarda Financial Advisors Llc bought 40,284 shares as the company’s stock declined 1.55% while stock markets rallied. The institutional investor held 563,435 shares of the company at the end of 2017Q3, valued at $6.74 million, up from 523,151 at the end of the previous reported quarter. Camarda Financial Advisors Llc who had been investing in Pioneer Floating Rate Tr for a number of months, seems to be bullish on the $281.89 million market cap company. The stock decreased 0.13% or $0.01 during the last trading session, reaching $11.4. About 399,759 shares traded or 300.78% up from the average. Pioneer Floating Rate Trust (NYSE:PHD) has risen 9.44% since February 14, 2017 and is uptrending. It has underperformed by 7.26% the S&P500.

Mig Capital Llc decreased its stake in Cogent Communications Hldgs (CCOI) by 7.98% based on its latest 2017Q3 regulatory filing with the SEC. Mig Capital Llc sold 113,732 shares as the company’s stock declined 9.38% while stock markets rallied. The hedge fund held 1.31 million shares of the technology company at the end of 2017Q3, valued at $64.12M, down from 1.43M at the end of the previous reported quarter. Mig Capital Llc who had been investing in Cogent Communications Hldgs for a number of months, seems to be less bullish one the $1.94 billion market cap company. The stock increased 0.93% or $0.4 during the last trading session, reaching $43.3. About 122,773 shares traded. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has risen 1.01% since February 14, 2017 and is uptrending. It has underperformed by 15.69% the S&P500.

Camarda Financial Advisors Llc, which manages about $213.32M and $92.98 million US Long portfolio, decreased its stake in Blackrock Enhanced Eqt Div T (BDJ) by 38,287 shares to 74,702 shares, valued at $678,000 in 2017Q3, according to the filing. It also reduced its holding in Chicago Bridge & Iron Co N V (NYSE:CBI) by 59,461 shares in the quarter, leaving it with 475 shares, and cut its stake in Cisco Sys Inc (NASDAQ:CSCO).

Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.63, from 1.31 in 2017Q2. It turned negative, as 4 investors sold PHD shares while 18 reduced holdings. 7 funds opened positions while 8 raised stakes. 6.91 million shares or 3.41% less from 7.15 million shares in 2017Q2 were reported. Comerica Secs owns 144,840 shares. Fiera Capital Corp invested in 10,764 shares or 0% of the stock. Tower Cap Limited Liability Company (Trc) owns 244 shares. Horizon Kinetics Limited Liability invested 0% of its portfolio in Pioneer Floating Rate Trust (NYSE:PHD). Moreover, Guggenheim Capital Lc has 0.02% invested in Pioneer Floating Rate Trust (NYSE:PHD). Cohen Steers holds 0.01% in Pioneer Floating Rate Trust (NYSE:PHD) or 267,621 shares. Wolverine Asset Management Limited Liability Corp holds 0% or 2,106 shares. Fort Washington Investment Advsr Oh reported 72,235 shares. Thompson Siegel Walmsley Ltd Liability invested in 0% or 2,028 shares. 26,554 were accumulated by Bankshares Of Montreal Can. Greenwich Wealth Ltd Liability has 0.02% invested in Pioneer Floating Rate Trust (NYSE:PHD). Royal State Bank Of Canada reported 43,378 shares. Florida-based Raymond James & Assoc has invested 0% in Pioneer Floating Rate Trust (NYSE:PHD). City Of London Invest Mngmt Ltd holds 0.14% or 162,984 shares. Manufacturers Life Insurance The stated it has 0% in Pioneer Floating Rate Trust (NYSE:PHD).

Among 17 analysts covering Cogent Communications Group Inc. (NASDAQ:CCOI), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. Cogent Communications Group Inc. had 46 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, January 13, the company rating was initiated by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Friday, July 7 with “Buy”. The firm has “Sell” rating given on Friday, August 7 by Off Wall Street. Deutsche Bank maintained Cogent Communications Holdings, Inc. (NASDAQ:CCOI) on Tuesday, October 10 with “Buy” rating. The firm has “Neutral” rating by Citigroup given on Wednesday, July 27. The stock has “Neutral” rating by Citigroup on Friday, August 12. On Wednesday, October 11 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. Pacific Crest maintained the shares of CCOI in report on Friday, February 26 with “Overweight” rating. On Thursday, November 2 the stock rating was maintained by Jefferies with “Hold”. On Wednesday, October 18 the stock rating was maintained by Cowen & Co with “Hold”.

Investors sentiment decreased to 1.37 in 2017 Q3. Its down 0.09, from 1.46 in 2017Q2. It worsened, as 16 investors sold CCOI shares while 49 reduced holdings. 25 funds opened positions while 64 raised stakes. 43.39 million shares or 2.10% more from 42.50 million shares in 2017Q2 were reported. Df Dent & holds 0.05% of its portfolio in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) for 35,481 shares. Strs Ohio holds 0% or 200 shares. Oppenheimer And Communications holds 0.03% or 22,216 shares. 278,575 were accumulated by Ameriprise Financial. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,418 shares in its portfolio. Adams Diversified Equity Fund, a Maryland-based fund reported 23,700 shares. Public Employees Retirement Association Of Colorado reported 10,757 shares. 4,163 are held by Sei Invests Co. The New York-based Renaissance Ltd Liability Corp has invested 0.14% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). 3,715 were accumulated by Citigroup. Harber Asset Mngmt Ltd accumulated 110,841 shares. Los Angeles Capital Management Equity, a California-based fund reported 20,410 shares. Royal Bancorporation Of Canada has 0.01% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). The Ohio-based Victory Capital Mgmt has invested 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). 16,625 were reported by Chesley Taft & Associate Lc.

Since August 30, 2017, it had 0 insider buys, and 12 sales for $1.44 million activity. Shares for $97,500 were sold by ONEILL TIMOTHY G on Monday, October 2. Shares for $74,288 were sold by WEINGARTEN TIM on Thursday, September 14. KUMMER RAYMOND B sold $186,492 worth of stock. The insider Montagner Marc sold 5,000 shares worth $235,000. Another trade for 3,000 shares valued at $141,093 was sold by WEED THADDEUS GERARD. The insider KILMER HENRY W sold 3,000 shares worth $139,350.

Analysts await Cogent Communications Holdings, Inc. (NASDAQ:CCOI) to report earnings on February, 22. They expect $0.12 EPS, up 33.33% or $0.03 from last year’s $0.09 per share. CCOI’s profit will be $5.37 million for 90.21 P/E if the $0.12 EPS becomes a reality. After $0.08 actual EPS reported by Cogent Communications Holdings, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

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