Traders Purchase High Volume of Put Options on CyrusOne (CONE)

CyrusOne Inc (NASDAQ:CONE) was the target of some unusual options trading on Tuesday. Stock traders purchased 1,283 put options on the company. This represents an increase of 1,110% compared to the average volume of 106 put options.

A number of analysts have recently issued reports on the company. BidaskClub upgraded CyrusOne from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 3rd. Mitsubishi UFJ Financial Group upgraded CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. UBS Group upgraded CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. Barclays restated a “buy” rating and set a $69.00 price objective on shares of CyrusOne in a research report on Friday, January 19th. Finally, Credit Suisse Group set a $73.00 price objective on CyrusOne and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. CyrusOne has a consensus rating of “Buy” and an average target price of $66.92.

A number of large investors have recently made changes to their positions in the business. Flinton Capital Management LLC grew its position in CyrusOne by 2.1% in the second quarter. Flinton Capital Management LLC now owns 24,378 shares of the real estate investment trust’s stock valued at $1,359,000 after acquiring an additional 510 shares during the period. PNC Financial Services Group Inc. grew its position 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 acquiring an additional 751 shares during the period. Wealthsource Partners LLC grew its position in CyrusOne by 7.0% in the second quarter. Wealthsource Partners LLC now owns 11,823 shares of the real estate investment trust’s stock valued at $659,000 after acquiring an additional 775 shares during the period. State Board of Administration of Florida Retirement System grew its position in CyrusOne by 0.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 123,574 shares of the real estate investment trust’s stock valued at $7,282,000 after acquiring an additional 880 shares during the period. Finally, Comerica Bank grew its position in CyrusOne by 0.9% in the fourth quarter. Comerica Bank now owns 103,495 shares of the real estate investment trust’s stock valued at $5,881,000 after acquiring an additional 895 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Shares of CyrusOne (NASDAQ CONE) opened at $53.62 on Friday. CyrusOne has a 1 year low of $46.41 and a 1 year high of $65.73. The firm has a market capitalization of $4,895.99, a price-to-earnings ratio of -55.28, a price-to-earnings-growth ratio of 0.86 and a beta of 0.70. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48.

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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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