American International Group Inc. Increases Stake in CyrusOne Inc (NASDAQ:CONE)

American International Group Inc. increased its holdings in CyrusOne Inc (NASDAQ:CONE) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 220,816 shares of the real estate investment trust’s stock after purchasing an additional 3,696 shares during the period. American International Group Inc. owned approximately 0.20% of CyrusOne worth $14,448,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new stake in shares of CyrusOne in the 3rd quarter valued at $29,000. FNY Investment Advisers LLC purchased a new stake in shares of CyrusOne in the 4th quarter valued at $32,000. Meeder Asset Management Inc. boosted its stake in shares of CyrusOne by 4,750.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 582 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 570 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of CyrusOne by 36.4% in the 3rd quarter. Howe & Rusling Inc. now owns 750 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 200 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in CyrusOne during the 4th quarter valued at $66,000.

In other news, CEO Gary J. Wojtaszek sold 100,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $67.00, for a total value of $6,700,000.00. Following the completion of the sale, the chief executive officer now directly owns 167,351 shares of the company’s stock, valued at approximately $11,212,517. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary J. Wojtaszek sold 13,361 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $65.00, for a total transaction of $868,465.00. Following the completion of the sale, the chief executive officer now directly owns 346,008 shares of the company’s stock, valued at $22,490,520. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,456 shares of company stock valued at $7,900,195. Corporate insiders own 1.40% of the company’s stock.

NASDAQ:CONE opened at $67.32 on Thursday. The company has a 50-day moving average price of $63.69 and a 200-day moving average price of $67.80. CyrusOne Inc has a 12 month low of $48.94 and a 12 month high of $79.73. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.21. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of -448.80, a P/E/G ratio of 1.05 and a beta of 0.46.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Thursday, February 6th. SunTrust Banks set a $78.00 price target on shares of CyrusOne and gave the company a “buy” rating in a research report on Friday, November 1st. Credit Suisse Group set a $68.00 price target on shares of CyrusOne and gave the company a “hold” rating in a research report on Friday, November 1st. UBS Group increased their price target on shares of CyrusOne from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Morgan Stanley dropped their price target on shares of CyrusOne from $78.50 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $72.52.

About CyrusOne

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 212 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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