Geneva Advisors Lowers stake in CyrusOne Inc (CONE)

CyrusOne Inc (CONE) : Geneva Advisors reduced its stake in CyrusOne Inc by 6.51% during the most recent quarter end. The investment management company now holds a total of 1,665,578 shares of CyrusOne Inc which is valued at $86,493,466 after selling 116,034 shares in CyrusOne Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.CyrusOne Inc makes up approximately 1.66% of Geneva Advisors’s portfolio.

Other Hedge Funds, Including , Mesirow Financial Investment Management – Equity Management added CONE to its portfolio by purchasing 423,625 company shares during the most recent quarter which is valued at $21,998,846. CyrusOne Inc makes up approx 1.25% of Mesirow Financial Investment Management – Equity Management’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.Moody Aldrich Partners boosted its stake in CONE in the latest quarter, The investment management firm added 8,210 additional shares and now holds a total of 28,555 shares of CyrusOne Inc which is valued at $1,559,389. CyrusOne Inc makes up approx 1.24% of Moody Aldrich Partners’s portfolio.Eagle Asset Management Inc reduced its stake in CONE by selling 153,552 shares or 35.08% in the most recent quarter. The Hedge Fund company now holds 284,223 shares of CONE which is valued at $15,387,833. CyrusOne Inc makes up approx 0.10% of Eagle Asset Management Inc’s portfolio.

CyrusOne Inc closed down -0.66 points or -1.26% at $51.62 with 7,60,899 shares getting traded on Monday. Post opening the session at $52.28, the shares hit an intraday low of $50.5 and an intraday high of $52.5325 and the price fluctuated in this range throughout the day.Shares ended Monday 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. CyrusOne Inc was Initiated by Wells Fargo to “Outperform” on Jun 1, 2016. Company shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 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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