Emerald Advisers Inc. PA boosted its position in CyrusOne Inc. (NASDAQ:CONE) by 1,334.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,232 shares of the company’s stock after buying an additional 342,566 shares during the period. CyrusOne accounts for approximately 1.0% of Emerald Advisers Inc. PA’s holdings, making the stock its 25th largest position. Emerald Advisers Inc. PA’s holdings in CyrusOne were worth $20,496,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in CONE. Springbok Capital Management LLC purchased a new stake in shares of CyrusOne during the first quarter worth approximately $103,000. BlackRock Japan Co. Ltd increased its stake in shares of CyrusOne by 4.4% in the first quarter. BlackRock Japan Co. Ltd now owns 3,647 shares of the company’s stock worth $166,000 after buying an additional 153 shares in the last quarter. Concorde Asset Management LLC purchased a new stake in shares of CyrusOne during the second quarter worth approximately $237,000. M&T Bank Corp purchased a new stake in shares of CyrusOne during the first quarter worth approximately $263,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of CyrusOne by 733.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,000 shares of the company’s stock worth $278,000 after buying an additional 4,400 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.
CyrusOne Inc. (NASDAQ:CONE) traded down 1.54% during midday trading on Tuesday, hitting $46.08. The stock had a trading volume of 786,336 shares. The company has a 50-day moving average of $49.76 and a 200-day moving average of $49.49. CyrusOne Inc. has a 1-year low of $32.42 and a 1-year high of $57.00. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 390.51 and a beta of 0.81.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Monday, August 1st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.59 by $0.08. CyrusOne had a return on equity of 0.98% and a net margin of 1.93%. The company had revenue of $130.10 million for the quarter, compared to the consensus estimate of $125.94 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 46.0% on a year-over-year basis. Equities research analysts forecast that CyrusOne Inc. will post $2.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Wednesday, September 28th. CyrusOne’s payout ratio is 1,900.00%.
A number of analysts have commented on CONE shares. Deutsche Bank AG reiterated a “buy” rating and issued a $59.00 price objective (up previously from $55.00) on shares of CyrusOne in a research report on Monday, July 18th. Royal Bank Of Canada reiterated a “buy” rating on shares of CyrusOne in a research report on Monday, July 11th. Zacks Investment Research upgraded CyrusOne from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, August 3rd. SunTrust Banks Inc. assumed coverage on CyrusOne in a research report on Thursday, July 21st. They set a “buy” rating and a $63.00 target price for the company. Finally, Jefferies Group restated a “buy” rating and set a $57.00 target price on shares of CyrusOne in a research report on Wednesday, July 6th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $55.67.
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 the CyrusOne footprint and beyond.
Want to see what other hedge funds are holding CONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyrusOne Inc. (NASDAQ:CONE).
Receive News & Ratings for CyrusOne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc. and related companies with MarketBeat.com's FREE daily email newsletter.