Engineers Gate Manager LP bought a new stake in CyrusOne Inc (NASDAQ:CONE) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 21,900 shares of the real estate investment trust’s stock, valued at approximately $1,304,000.

Several other institutional investors and hedge funds have also made changes to their positions in CONE. IFP Advisors Inc raised its position in shares of CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of CyrusOne by 3,032.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,850 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of CyrusOne by 32.9% in the 2nd 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 in the last quarter. Bbva Compass Bancshares Inc. acquired a new position in shares of CyrusOne in the 3rd quarter valued at approximately $202,000. Finally, Cipher Capital LP acquired a new position in shares of CyrusOne in the 3rd quarter valued at approximately $221,000. 97.13% of the stock is currently owned by institutional investors.

Shares of CyrusOne Inc (NASDAQ CONE) opened at $53.62 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market capitalization of $4,797.38, a P/E ratio of -55.28, a P/E/G ratio of 0.84 and a beta of 0.70. CyrusOne Inc has a 52-week low of $46.41 and a 52-week high of $65.73.

A number of brokerages have issued reports on CONE. UBS Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. Barclays reaffirmed a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a research report on Friday, January 19th. BidaskClub raised CyrusOne from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Credit Suisse Group set a $73.00 target price on CyrusOne and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Cowen reissued a “buy” rating and set a $78.00 price target on shares of CyrusOne in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. CyrusOne has a consensus rating of “Buy” and a consensus price target of $66.92.

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CyrusOne Company Profile

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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