Fred Alger Management Inc. lessened its stake in CyrusOne Inc (NASDAQ:CONE) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 146,813 shares of the real estate investment trust’s stock after selling 4,256 shares during the period. Fred Alger Management Inc. owned about 0.16% of CyrusOne worth $8,740,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of CyrusOne by 1.4% in the fourth quarter. BlackRock Inc. now owns 8,336,881 shares of the real estate investment trust’s stock valued at $496,294,000 after buying an additional 118,899 shares during the period. Cbre Clarion Securities LLC lifted its stake in shares of CyrusOne by 21.7% in the fourth quarter. Cbre Clarion Securities LLC now owns 3,248,065 shares of the real estate investment trust’s stock valued at $193,357,000 after buying an additional 579,122 shares during the period. Atlantic Trust Group LLC bought a new stake in shares of CyrusOne in the third quarter valued at about $93,942,000. JPMorgan Chase & Co. lifted its stake in shares of CyrusOne by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 1,521,931 shares of the real estate investment trust’s stock valued at $87,725,000 after buying an additional 122,465 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in shares of CyrusOne by 5.8% in the third quarter. Westfield Capital Management Co. LP now owns 1,227,328 shares of the real estate investment trust’s stock valued at $72,326,000 after buying an additional 67,265 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ:CONE) opened at $49.66 on Monday. The firm has a market cap of $4,773.60, a P/E ratio of -52.27, a PEG ratio of 0.89 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 0.95. CyrusOne Inc has a fifty-two week low of $43.49 and a fifty-two week high of $65.73.
Several equities research analysts recently weighed in on CONE shares. BidaskClub upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Barclays reiterated a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a research note on Friday, January 19th. Zacks Investment Research cut shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. ValuEngine cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $73.00 target price on shares of CyrusOne in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $66.62.
In other news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the completion of the sale, the insider now owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.64% of the company’s stock.
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CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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