CyrusOne Inc (CONE) : Cornerstone Real Estate Advisers scooped up 60,180 additional shares in CyrusOne Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 343,506 shares of CyrusOne Inc which is valued at $13,908,558.CyrusOne Inc makes up approximately 4.78% of Cornerstone Real Estate Advisers’s portfolio.
Other Hedge Funds, Including , Weiss Multi-strategy Advisers sold out all of its stake in CONE during the most recent quarter. The investment firm sold 13,699 shares of CONE which is valued $554,673.Capital Growth Management Lp reduced its stake in CONE by selling 685,000 shares or 66.83% in the most recent quarter. The Hedge Fund company now holds 340,000 shares of CONE which is valued at $13,484,400. CyrusOne Inc makes up approx 0.60% of Capital Growth Management Lp’s portfolio.Denver Investment Advisors reduced its stake in CONE by selling 92,707 shares or 26.14% in the most recent quarter. The Hedge Fund company now holds 261,900 shares of CONE which is valued at $10,386,954. CyrusOne Inc makes up approx 0.45% of Denver Investment Advisors’s portfolio.Stephens Inc Ar reduced its stake in CONE by selling 7,981 shares or 40.97% in the most recent quarter. The Hedge Fund company now holds 11,500 shares of CONE which is valued at $456,090. CyrusOne Inc makes up approx 0.02% of Stephens Inc Ar’s portfolio.Navellier Associates Inc boosted its stake in CONE in the latest quarter, The investment management firm added 18,830 additional shares and now holds a total of 24,439 shares of CyrusOne Inc which is valued at $1,194,090. CyrusOne Inc makes up approx 0.17% of Navellier Associates Inc’s portfolio.
CyrusOne Inc opened for trading at $40.28 and hit $41.12 on the upside on Monday, eventually ending the session at $40.97, with a gain of 2.66% or 1.06 points. The heightened volatility saw the trading volume jump to 12,98,360 shares. Company has a market cap of $3,422 M.
On the company’s financial health, CyrusOne Inc reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.62. The company had revenue of $143.80 million for the quarter, compared to analysts expectations of $136.09 million. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 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 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.