Geneva Advisors buys $87,245,540 stake in CyrusOne Inc (CONE)

CyrusOne Inc (CONE) : Geneva Advisors scooped up 54,268 additional shares in CyrusOne Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 1,781,612 shares of CyrusOne Inc which is valued at $87,245,540.CyrusOne Inc makes up approximately 1.75% of Geneva Advisors’s portfolio.

Other Hedge Funds, Including , Hanseatic Management Services Inc reduced its stake in CONE by selling 152 shares or 34.31% in the most recent quarter. The Hedge Fund company now holds 291 shares of CONE which is valued at $14,250. CyrusOne Inc makes up approx 0.01% of Hanseatic Management Services Inc’s portfolio.Aperio Group reduced its stake in CONE by selling 4,657 shares or 43.47% in the most recent quarter. The Hedge Fund company now holds 6,056 shares of CONE which is valued at $267,251.Curian Capital reduced its stake in CONE by selling 196,349 shares or 66.34% in the most recent quarter. The Hedge Fund company now holds 99,611 shares of CONE which is valued at $4,395,833. CyrusOne Inc makes up approx 0.32% of Curian Capital’s portfolio. Strs Ohio sold out all of its stake in CONE during the most recent quarter. The investment firm sold 117,758 shares of CONE which is valued $5,043,575. Raymond James Trust N.a. added CONE to its portfolio by purchasing 4,930 company shares during the most recent quarter which is valued at $211,152. CyrusOne Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

CyrusOne Inc opened for trading at $48.92 and hit $49.08 on the upside on Tuesday, eventually ending the session at $48.69, with a gain of 0.16% or 0.08 points. The heightened volatility saw the trading volume jump to 7,34,441 shares. Company has a market cap of $3,876 M.

On the company’s financial health, CyrusOne Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.57. The company had revenue of $113.30 million for the quarter, compared to analysts expectations of $115.34 million. The company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on CyrusOne Inc. Company shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $53 .Company shares were Reiterated by Stifel on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $48 .

CyrusOne Inc. (CyrusOne) is an owner operator and developer of enterprise-class carrier-neutral multi-tenant data center properties. The Company’s data centers are purpose-built facilities which have access to a range of telecommunications carriers. It provides mission-critical data center facilities that protect the information technology (IT) infrastructure for its clients. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond. As of July 1 2015 the Company had approximately 900 customers. As of July 1 2015 the Company’s property portfolio included 31 data centers across 12 markets in 10 cities in the United States London and Singapore. The Company’s facilities cover approximately 500000 gross square feet of space including over 130000 colocation square feet and around 100000 square feet of work area recovery space.

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