Pinnacle Associates LTD Position In Cyrusone INC (CONE) Was Raised

CyrusOne Inc. (NASDAQ:CONE) LogoInvestors sentiment increased to 1.64 in Q2 2018. Its up 0.14, from 1.5 in 2018Q1. It is positive, as 31 investors sold CONE shares while 74 reduced holdings. 42 funds opened positions while 130 raised stakes. 91.21 million shares or 0.13% more from 91.10 million shares in 2018Q1 were reported. Crosslink Capital, California-based fund reported 195,449 shares. Liberty Mutual Group Inc Asset Mngmt Inc has 0.03% invested in CyrusOne Inc. (NASDAQ:CONE) for 19,737 shares. M&T Comml Bank reported 0% in CyrusOne Inc. (NASDAQ:CONE). Westpac Bk owns 267,551 shares. Driehaus Cap Limited Liability Co owns 143,341 shares or 0.28% of their US portfolio. Veritable LP stated it has 10,455 shares. 776,765 were reported by Northern Tru Corp. Aperio Gp Ltd Llc has 0.02% invested in CyrusOne Inc. (NASDAQ:CONE) for 72,351 shares. Cornerstone Advsrs holds 89 shares or 0% of its portfolio. Northwestern Mutual Wealth Mgmt accumulated 122 shares. Ancora Ltd Limited Liability Company invested in 121,217 shares. Highbridge Limited Liability Corp has invested 0.06% in CyrusOne Inc. (NASDAQ:CONE). Moreover, California State Teachers Retirement Sys has 0.02% invested in CyrusOne Inc. (NASDAQ:CONE) for 159,836 shares. Goodwin Daniel L holds 0.63% or 23,300 shares. Victory Capital invested in 375 shares.

Since July 3, 2018, it had 0 buys, and 3 insider sales for $1.25 million activity. Another trade for 1,514 shares valued at $90,840 was made by Jackson Robert M on Tuesday, July 3. Wojtaszek Gary J sold 10,000 shares worth $665,028.

Pinnacle Associates Ltd increased its stake in Cyrusone Inc (CONE) by 23.08% based on its latest 2018Q2 regulatory filing with the SEC. Pinnacle Associates Ltd bought 161,961 shares as the company’s stock rose 16.27% with the market. The institutional investor held 863,790 shares of the real estate investment trusts company at the end of 2018Q2, valued at $50.41M, up from 701,829 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Cyrusone Inc for a number of months, seems to be bullish on the $6.15 billion market cap company. The stock increased 2.51% or $1.43 during the last trading session, reaching $58.3. About 1.03M shares traded. CyrusOne Inc. (NASDAQ:CONE) has risen 5.64% since December 7, 2017 and is uptrending. It has underperformed by 9.98% the S&P500.

Pinnacle Associates Ltd, which manages about $6.31B and $4.86B US Long portfolio, decreased its stake in Belmond Ltd (NYSE:BEL) by 1.66M shares to 109,522 shares, valued at $1.22 million in 2018Q2, according to the filing. It also reduced its holding in Cincinnati Bell Inc New by 1.62 million shares in the quarter, leaving it with 23,272 shares, and cut its stake in Arris Intl Inc.

More notable recent CyrusOne Inc. (NASDAQ:CONE) news were published by: Nasdaq.com which released: “CyrusOne Becomes Oversold (CONE) – Nasdaq” on November 20, 2018, also Nasdaq.com with their article: “Galane Gold Ltd. Reports Material Orders Placed for the Processing Plant Upgrade in Line With Plan to Recommence Production in April 2019 at Galaxy – Nasdaq” published on December 03, 2018, Seekingalpha.com published: “Take Charge! CyrusOne Gets An Upgrade – Seeking Alpha” on October 03, 2018. More interesting news about CyrusOne Inc. (NASDAQ:CONE) were released by: Seekingalpha.com and their article: “There’s No Place Like CONE – Seeking Alpha” published on May 28, 2018 as well as Nasdaq.com‘s news article titled: “CyrusOne Inc (CONE) Ex-Dividend Date Scheduled for September 27, 2018 – Nasdaq” with publication date: September 26, 2018.

CyrusOne Inc. (NASDAQ:CONE) Ratings Coverage

Among 5 analysts covering CyrusOne (NASDAQ:CONE), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. CyrusOne has $76 highest and $64 lowest target. $67.40’s average target is 15.61% above currents $58.3 stock price. CyrusOne had 8 analyst reports since July 13, 2018 according to SRatingsIntel. On Thursday, November 1 the stock rating was maintained by BMO Capital Markets with “Outperform”. Bank of America maintained it with “Buy” rating and $65 target in Friday, July 13 report. Stifel Nicolaus maintained the shares of CONE in report on Tuesday, July 17 with “Buy” rating. On Friday, August 3 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of CyrusOne Inc. (NASDAQ:CONE) has “Buy” rating given on Thursday, November 1 by Jefferies. The company was maintained on Tuesday, August 28 by Jefferies.

CyrusOne Inc. (NASDAQ:CONE) Institutional Positions Chart

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