CyrusOne Inc (CONE) : Hatteras Funds reduced its stake in CyrusOne Inc by 14.49% during the most recent quarter end. The investment management company now holds a total of 11,800 shares of CyrusOne Inc which is valued at $616,904 after selling 2,000 shares in CyrusOne Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.CyrusOne Inc makes up approximately 1.60% of Hatteras Funds’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in CONE in the latest quarter, The investment management firm added 1,362 additional shares and now holds a total of 3,850 shares of CyrusOne Inc which is valued at $201,278. Feltz Wealth Plan sold out all of its stake in CONE during the most recent quarter. The investment firm sold 1,094 shares of CONE which is valued $56,811.Cable Hill Partners reduced its stake in CONE by selling 39 shares or 38.61% in the most recent quarter. The Hedge Fund company now holds 62 shares of CONE which is valued at $3,180.California Public Employees Retirement System boosted its stake in CONE in the latest quarter, The investment management firm added 49,600 additional shares and now holds a total of 205,700 shares of CyrusOne Inc which is valued at $10,747,825. CyrusOne Inc makes up approx 0.02% of California Public Employees Retirement System’s portfolio.
CyrusOne Inc opened for trading at $51.89 and hit $52.06 on the upside on Wednesday, eventually ending the session at $51.96, with a gain of 0.21% or 0.11 points. The heightened volatility saw the trading volume jump to 846,735 shares. Company has a market cap of $4,162 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.