CyrusOne Inc (CONE) : Capital Growth Management Lp reduced its stake in CyrusOne Inc by 10.09% during the most recent quarter end. The investment management company now holds a total of 1,025,000 shares of CyrusOne Inc which is valued at $53,587,000 after selling 115,000 shares in CyrusOne Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.CyrusOne Inc makes up approximately 2.31% of Capital Growth Management Lp’s portfolio.
Other Hedge Funds, Including , Massachusetts Financial Services Co added CONE to its portfolio by purchasing 3,642 company shares during the most recent quarter which is valued at $190,404.Martingale Asset Management L P reduced its stake in CONE by selling 11,606 shares or 53.95% in the most recent quarter. The Hedge Fund company now holds 9,906 shares of CONE which is valued at $517,886. CyrusOne Inc makes up approx 0.01% of Martingale Asset Management L P’s portfolio.Tower Research Capital (trc) boosted its stake in CONE in the latest quarter, The investment management firm added 1,334 additional shares and now holds a total of 1,505 shares of CyrusOne Inc which is valued at $78,681. CyrusOne Inc makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.Dimensional Fund Advisors Lp boosted its stake in CONE in the latest quarter, The investment management firm added 41,843 additional shares and now holds a total of 897,379 shares of CyrusOne Inc which is valued at $45,721,460. CyrusOne Inc makes up approx 0.03% of Dimensional Fund Advisors Lp’s portfolio. Verde Servicos Internacionais S.a. added CONE to its portfolio by purchasing 129,220 company shares during the most recent quarter which is valued at $6,995,971. CyrusOne Inc makes up approx 0.58% of Verde Servicos Internacionais S.a.’s portfolio.
CyrusOne Inc opened for trading at $49.88 and hit $50.88 on the upside on Monday, eventually ending the session at $50.69, with a gain of 1.73% or 0.86 points. The heightened volatility saw the trading volume jump to 10,31,742 shares. Company has a market cap of $4,060 M.
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.