CyrusOne Inc (CONE) : American Assets Capital Advisers reduced its stake in CyrusOne Inc by 13.76% during the most recent quarter end. The investment management company now holds a total of 148,821 shares of CyrusOne Inc which is valued at $7,780,362 after selling 23,749 shares in CyrusOne Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.CyrusOne Inc makes up approximately 4.88% of American Assets Capital Advisers’s portfolio.
Other Hedge Funds, Including , Credit Agricole S A boosted its stake in CONE in the latest quarter, The investment management firm added 3,431 additional shares and now holds a total of 22,831 shares of CyrusOne Inc which is valued at $1,193,605. Chesapeake Asset Management added CONE to its portfolio by purchasing 4,622 company shares during the most recent quarter which is valued at $240,020. CyrusOne Inc makes up approx 0.19% of Chesapeake Asset Management’s portfolio.Finemark National Bank Trust boosted its stake in CONE in the latest quarter, The investment management firm added 2,372 additional shares and now holds a total of 2,918 shares of CyrusOne Inc which is valued at $151,532. CyrusOne Inc makes up approx 0.02% of Finemark National Bank Trust’s portfolio. Sheaff Brock Investment Advisors added CONE to its portfolio by purchasing 7,712 company shares during the most recent quarter which is valued at $395,548. CyrusOne Inc makes up approx 0.05% of Sheaff Brock Investment Advisors’s portfolio.Ftb Advisors reduced its stake in CONE by selling 246 shares or 41.69% in the most recent quarter. The Hedge Fund company now holds 344 shares of CONE which is valued at $18,858.
CyrusOne Inc closed down -0.01 points or -0.02% at $50.79 with 10,20,329 shares getting traded on Friday. Post opening the session at $50.8, the shares hit an intraday low of $50.42 and an intraday high of $50.915 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, CyrusOne Inc reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.59. The company had revenue of $130.10 million for the quarter, compared to analysts expectations of $125.63 million. The company’s revenue was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on CyrusOne Inc. Company shares were Upgraded by Barclays on Aug 18, 2016 to ” Overweight”, Firm has raised the Price Target to $ 57 from a previous price target of $50 .CyrusOne Inc was Initiated by Wells Fargo to “Outperform” on Jun 1, 2016.
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.