CyrusOne Inc (CONE) : Riggs Asset Managment reduced its stake in CyrusOne Inc by 1.35% during the most recent quarter end. The investment management company now holds a total of 136,243 shares of CyrusOne Inc which is valued at $6.7 Million after selling 1,859 shares in CyrusOne Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.CyrusOne Inc makes up approximately 4.83% of Riggs Asset Managment’s portfolio.
Other Hedge Funds, Including , Renaissance Technologies added CONE to its portfolio by purchasing 97,686 company shares during the most recent quarter which is valued at $4.8 Million. CyrusOne Inc makes up approx 0.01% of Renaissance Technologies’s portfolio.Amalgamated Bank boosted its stake in CONE in the latest quarter, The investment management firm added 610 additional shares and now holds a total of 6,989 shares of CyrusOne Inc which is valued at $341,972. CyrusOne Inc makes up approx 0.03% of Amalgamated Bank’s portfolio.Picton Mahoney Asset Management reduced its stake in CONE by selling 13,500 shares or 45.61% in the most recent quarter. The Hedge Fund company now holds 16,100 shares of CONE which is valued at $787,773. CyrusOne Inc makes up approx 0.05% of Picton Mahoney Asset Management’s portfolio.Swiss National Bank boosted its stake in CONE in the latest quarter, The investment management firm added 33,915 additional shares and now holds a total of 117,199 shares of CyrusOne Inc which is valued at $5.7 Million. CyrusOne Inc makes up approx 0.01% of Swiss National Bank’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.
CyrusOne Inc opened for trading at $49.2 and hit $49.64 on the upside on Wednesday, eventually ending the session at $49.25, with a gain of 0.53% or 0.26 points. The heightened volatility saw the trading volume jump to 5,64,480 shares. Company has a market cap of $3,921 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 Companys 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.