Fox Run Management L.l.c. buys $617,534 stake in CyrusOne Inc (CONE)

CyrusOne Inc (CONE) : Fox Run Management L.l.c. scooped up 1,500 additional shares in CyrusOne Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 13,100 shares of CyrusOne Inc which is valued at $617,534.CyrusOne Inc makes up approximately 0.37% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in CONE in the latest quarter, The investment management firm added 1,091 additional shares and now holds a total of 7,095 shares of CyrusOne Inc which is valued at $334,458.Cutler Group Lp boosted its stake in CONE in the latest quarter, The investment management firm added 10,604 additional shares and now holds a total of 13,214 shares of CyrusOne Inc which is valued at $620,397. CyrusOne Inc makes up approx 0.04% of Cutler Group Lp’s portfolio.Fisher Asset Management reduced its stake in CONE by selling 16,167 shares or 26.2% in the most recent quarter. The Hedge Fund company now holds 45,533 shares of CONE which is valued at $2,137,774. Simplex Trading added CONE to its portfolio by purchasing 1,220 company shares during the most recent quarter which is valued at $56,047. CyrusOne Inc makes up approx 0.01% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CONE by selling 7,155 shares or 40.93% in the most recent quarter. The Hedge Fund company now holds 10,325 shares of CONE which is valued at $467,826.

CyrusOne Inc opened for trading at $46.95 and hit $47.38 on the upside on Tuesday, eventually ending the session at $47.14, with a gain of 0.40% or 0.19 points. The heightened volatility saw the trading volume jump to 14,75,550 shares. Company has a market cap of $3,776 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. (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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