CyrusOne (NASDAQ:CONE) Sees Unusually-High Trading Volume

Shares of CyrusOne Inc (NASDAQ:CONE) saw strong trading volume on Wednesday . 5,496,199 shares changed hands during mid-day trading, an increase of 355% from the previous session’s volume of 1,208,731 shares.The stock last traded at $67.32 and had previously closed at $62.40.

A number of research analysts recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price on shares of CyrusOne in a research note on Tuesday, December 3rd. BidaskClub cut CyrusOne from a “hold” rating to a “sell” rating in a research note on Saturday, February 1st. BMO Capital Markets cut CyrusOne from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $73.00 to $67.00 in a research note on Tuesday, January 14th. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Thursday, February 6th. Finally, ValuEngine raised CyrusOne from a “sell” rating to a “hold” rating in a research note on Saturday, December 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. CyrusOne presently has a consensus rating of “Hold” and a consensus price target of $72.34.

The stock has a 50 day moving average price of $63.80 and a 200-day moving average price of $67.92. The stock has a market capitalization of $7.06 billion, a P/E ratio of -451.47, a PEG ratio of 1.05 and a beta of 0.46. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.26 and a quick ratio of 1.26.

In other news, 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 transaction, the chief executive officer now directly owns 346,008 shares of the company’s stock, valued at $22,490,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin L. Timmons sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $65.11, for a total value of $325,550.00. Following the transaction, the executive vice president now directly owns 97,075 shares in the company, valued at $6,320,553.25. The disclosure for this sale can be found here. Insiders have sold 118,456 shares of company stock worth $7,900,195 over the last ninety days. Insiders own 1.40% of the company’s stock.

Several large investors have recently made changes to their positions in CONE. Exane Derivatives boosted its position in CyrusOne by 21,221.4% during the third quarter. Exane Derivatives now owns 2,985 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 2,971 shares during the last quarter. Strategic Blueprint LLC acquired a new position in CyrusOne during the third quarter valued at approximately $86,000. Mainstay Capital Management LLC ADV acquired a new position in CyrusOne during the third quarter valued at approximately $204,000. Meeder Asset Management Inc. boosted its position in CyrusOne by 4,750.0% during the third 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 during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in CyrusOne by 198.0% during the third quarter. Nisa Investment Advisors LLC now owns 28,734 shares of the real estate investment trust’s stock valued at $2,273,000 after purchasing an additional 19,092 shares during the last quarter.

About CyrusOne (NASDAQ:CONE)

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.

See Also: Market Indexes

Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.