CI Investments Inc. Buys New Holdings in CyrusOne Inc (CONE)

CI Investments Inc. bought a new stake in CyrusOne Inc (NASDAQ:CONE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,700 shares of the real estate investment trust’s stock, valued at approximately $697,000.

A number of other institutional investors also recently added to or reduced their stakes in CONE. PNC Financial Services Group Inc. grew its holdings in CyrusOne by 32.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 751 shares during the period. UBS Asset Management Americas Inc. grew its holdings in CyrusOne by 14.8% in the second quarter. UBS Asset Management Americas Inc. now owns 65,699 shares of the real estate investment trust’s stock valued at $3,663,000 after purchasing an additional 8,448 shares during the period. GSA Capital Partners LLP purchased a new stake in CyrusOne in the second quarter valued at approximately $577,000. Northern Trust Corp grew its holdings in CyrusOne by 2.5% in the second quarter. Northern Trust Corp now owns 751,134 shares of the real estate investment trust’s stock valued at $41,875,000 after purchasing an additional 18,567 shares during the period. Finally, California Public Employees Retirement System grew its holdings in CyrusOne by 6.5% in the second quarter. California Public Employees Retirement System now owns 130,500 shares of the real estate investment trust’s stock valued at $7,275,000 after purchasing an additional 8,000 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Shares of CyrusOne Inc (NASDAQ:CONE) opened at $55.74 on Tuesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. CyrusOne Inc has a 52 week low of $46.41 and a 52 week high of $65.73. The stock has a market cap of $5,201.87, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.70.

A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of CyrusOne from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Cowen reiterated a “buy” rating and set a $78.00 price objective on shares of CyrusOne in a research note on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and set a $69.00 price objective on shares of CyrusOne in a research note on Monday, October 16th. Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, UBS Group upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $66.92.

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About CyrusOne

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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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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