CyrusOne Inc (CONE) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. trimmed its holdings in CyrusOne Inc (NASDAQ:CONE) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,665,194 shares of the real estate investment trust’s stock after selling 8,423 shares during the quarter. Goldman Sachs Group Inc.’s holdings in CyrusOne were worth $218,188,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of CyrusOne by 81.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,012 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 2,246 shares during the period. Stifel Financial Corp boosted its holdings in shares of CyrusOne by 7.5% in the third quarter. Stifel Financial Corp now owns 52,245 shares of the real estate investment trust’s stock valued at $3,077,000 after acquiring an additional 3,636 shares during the period. ETRADE Capital Management LLC boosted its holdings in shares of CyrusOne by 291.1% in the third quarter. ETRADE Capital Management LLC now owns 26,334 shares of the real estate investment trust’s stock valued at $1,552,000 after acquiring an additional 19,601 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of CyrusOne by 16.9% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,318 shares of the real estate investment trust’s stock valued at $785,000 after acquiring an additional 1,923 shares during the period. Finally, American International Group Inc. boosted its holdings in shares of CyrusOne by 16.7% in the third quarter. American International Group Inc. now owns 186,764 shares of the real estate investment trust’s stock valued at $11,006,000 after acquiring an additional 26,730 shares during the period. 95.44% of the stock is owned by hedge funds and other institutional investors.
Shares of CyrusOne Inc (CONE) opened at $49.66 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. CyrusOne Inc has a fifty-two week low of $43.49 and a fifty-two week high of $65.73. The firm has a market capitalization of $4,773.62, a price-to-earnings ratio of 15.92, a P/E/G ratio of 0.89 and a beta of 0.83.
In related news, insider Kevin L. Timmons sold 11,465 shares of the stock in a transaction on Tuesday, March 6th. The stock was 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 directly owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.64% of the stock is owned by company insiders.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded CyrusOne from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Guggenheim set a $65.00 price objective on CyrusOne and gave the company a “buy” rating in a report on Friday, February 23rd. Royal Bank of Canada reissued a “buy” rating on shares of CyrusOne in a report on Thursday, March 1st. Credit Suisse Group set a $73.00 price objective on CyrusOne and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Jefferies Group reissued a “buy” rating and issued a $67.00 price objective on shares of CyrusOne in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $66.62.
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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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