CyrusOne Inc (CONE) Position Reduced by Janney Capital Management LLC

Share on StockTwits

Janney Capital Management LLC trimmed its position in shares of CyrusOne Inc (NASDAQ:CONE) by 13.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,385 shares of the real estate investment trust’s stock after selling 1,344 shares during the quarter. Janney Capital Management LLC’s holdings in CyrusOne were worth $443,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. South Texas Money Management Ltd. raised its position in shares of CyrusOne by 10.5% during the fourth quarter. South Texas Money Management Ltd. now owns 453,958 shares of the real estate investment trust’s stock valued at $24,005,000 after buying an additional 43,175 shares during the last quarter. Eii Capital Management Inc. raised its position in shares of CyrusOne by 55.2% during the fourth quarter. Eii Capital Management Inc. now owns 16,328 shares of the real estate investment trust’s stock valued at $863,000 after buying an additional 5,808 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of CyrusOne during the fourth quarter valued at approximately $464,000. State Board of Administration of Florida Retirement System raised its position in shares of CyrusOne by 4.1% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 135,388 shares of the real estate investment trust’s stock valued at $7,159,000 after buying an additional 5,300 shares during the last quarter. Finally, Buckley Wealth Management LLC raised its position in shares of CyrusOne by 25.7% during the fourth quarter. Buckley Wealth Management LLC now owns 6,766 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 1,383 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

NASDAQ CONE opened at $54.66 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.22. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.85 and a beta of 0.89. CyrusOne Inc has a 52 week low of $43.49 and a 52 week high of $69.01.

Several research firms have recently issued reports on CONE. BidaskClub upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Jefferies Financial Group reduced their price target on shares of CyrusOne from $75.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Cowen reduced their price target on shares of CyrusOne from $79.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, BMO Capital Markets reduced their price target on shares of CyrusOne from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $66.38.

TRADEMARK VIOLATION WARNING: This story was posted by Equities Focus and is the sole property of of Equities Focus. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.equitiesfocus.com/2019/02/06/cyrusone-inc-cone-position-reduced-by-janney-capital-management-llc.html.

CyrusOne Profile

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 208 Fortune 1000 companies.

See Also: Hedge Funds

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply