Cyrusone (CONE) Stock Value Declined While Zevin Asset Management Lowered Position by $606,284; People’s United Financial (PBCT) Position Lifted by Halsey Associates Inc

May 24, 2018 - By Ellis Scott

CyrusOne Inc. (NASDAQ:CONE) Logo

Zevin Asset Management Llc decreased its stake in Cyrusone Inc. (CONE) by 17.48% based on its latest 2017Q4 regulatory filing with the SEC. Zevin Asset Management Llc sold 10,276 shares as the company’s stock declined 13.83% with the market. The institutional investor held 48,508 shares of the real estate investment trusts company at the end of 2017Q4, valued at $2.89M, down from 58,784 at the end of the previous reported quarter. Zevin Asset Management Llc who had been investing in Cyrusone Inc. for a number of months, seems to be less bullish one the $5.10B market cap company. The stock increased 0.09% or $0.05 during the last trading session, reaching $53.25. About 423,622 shares traded. CyrusOne Inc. (NASDAQ:CONE) has declined 0.12% since May 24, 2017 and is downtrending. It has underperformed by 11.67% the S&P500.

Halsey Associates Inc increased its stake in People’s United Financial (PBCT) by 1115.84% based on its latest 2017Q4 regulatory filing with the SEC. Halsey Associates Inc bought 130,219 shares as the company’s stock declined 3.30% with the market. The institutional investor held 141,889 shares of the finance company at the end of 2017Q4, valued at $2.65 million, up from 11,670 at the end of the previous reported quarter. Halsey Associates Inc who had been investing in People’s United Financial for a number of months, seems to be bullish on the $6.43 billion market cap company. The stock decreased 0.32% or $0.06 during the last trading session, reaching $18.83. About 1.17M shares traded. People's United Financial, Inc. (NASDAQ:PBCT) has risen 2.46% since May 24, 2017 and is uptrending. It has underperformed by 9.09% the S&P500.

Among 12 analysts covering People’s United Financial Inc (NASDAQ:PBCT), 2 have Buy rating, 1 Sell and 9 Hold. Therefore 17% are positive. People’s United Financial Inc had 32 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The firm has “Neutral” rating by JP Morgan given on Thursday, January 5. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. Morgan Stanley downgraded People's United Financial, Inc. (NASDAQ:PBCT) rating on Tuesday, April 5. Morgan Stanley has “Underweight” rating and $14.50 target. As per Tuesday, December 20, the company rating was upgraded by FBR Capital. As per Wednesday, June 29, the company rating was upgraded by Piper Jaffray. The stock of People's United Financial, Inc. (NASDAQ:PBCT) has “Neutral” rating given on Friday, April 20 by PiperJaffray. As per Monday, January 25, the company rating was upgraded by Piper Jaffray. The stock of People's United Financial, Inc. (NASDAQ:PBCT) has “Hold” rating given on Monday, July 10 by Keefe Bruyette & Woods. The stock of People's United Financial, Inc. (NASDAQ:PBCT) earned “Equal-Weight” rating by Morgan Stanley on Friday, April 20.

Since January 22, 2018, it had 0 insider purchases, and 10 selling transactions for $3.21 million activity. 6,500 shares valued at $128,960 were sold by RICHARDS MARK W on Monday, January 22. Powlus Lee C also sold $113,100 worth of People's United Financial, Inc. (NASDAQ:PBCT) on Thursday, February 1. 10,000 shares valued at $186,930 were sold by Carter George P on Friday, May 18. Longobardi Sara M had sold 73,324 shares worth $1.34M. Trautmann Robert E sold 30,000 shares worth $595,740. Another trade for 4,300 shares valued at $85,617 was sold by Franklin Jerry.

Investors sentiment increased to 1.32 in 2017 Q4. Its up 0.02, from 1.3 in 2017Q3. It is positive, as 22 investors sold PBCT shares while 117 reduced holdings. 59 funds opened positions while 125 raised stakes. 255.33 million shares or 0.80% more from 253.31 million shares in 2017Q3 were reported. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems holds 0.01% or 30,972 shares. Nomura Asset Mngmt Limited holds 45,757 shares. The New York-based Tiaa Cref Invest Management Limited Liability Corporation has invested 0.01% in People's United Financial, Inc. (NASDAQ:PBCT). Dekabank Deutsche Girozentrale, Germany-based fund reported 35,095 shares. Pinebridge Invests Ltd Partnership invested in 0% or 522 shares. Private Advisor Gru Lc owns 18,187 shares for 0.01% of their portfolio. Amalgamated Retail Bank owns 71,124 shares. Schroder Investment Mgmt Group invested 0.01% of its portfolio in People's United Financial, Inc. (NASDAQ:PBCT). Norinchukin National Bank The stated it has 17,360 shares. Bradley Foster And Sargent Inc Ct holds 0.06% or 87,422 shares. Stevens Cap Lp has 195,881 shares. Iowa-based Cambridge Inv Research has invested 0.03% in People's United Financial, Inc. (NASDAQ:PBCT). Wedge Cap Mgmt L LP Nc holds 0.01% of its portfolio in People's United Financial, Inc. (NASDAQ:PBCT) for 50,211 shares. Winslow Evans And Crocker accumulated 2,000 shares. Tocqueville Asset Lp has invested 0.01% in People's United Financial, Inc. (NASDAQ:PBCT).

Another recent and important People's United Financial, Inc. (NASDAQ:PBCT) news was published by Nasdaq.com which published an article titled: “Consolidated Research: 2018 Summary Expectations for ONEOK, People’s United Financial, Spirit Realty Capital …” on May 08, 2018.

Halsey Associates Inc, which manages about $849.92 million and $585.34 million US Long portfolio, decreased its stake in Allergan by 8,941 shares to 1,756 shares, valued at $287,000 in 2017Q4, according to the filing.

Among 21 analysts covering Cyrusone Inc (NASDAQ:CONE), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Cyrusone Inc had 63 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, February 25 with “Buy”. The stock of CyrusOne Inc. (NASDAQ:CONE) has “Hold” rating given on Wednesday, November 15 by KeyBanc Capital Markets. Cowen & Co maintained CyrusOne Inc. (NASDAQ:CONE) rating on Thursday, February 22. Cowen & Co has “Buy” rating and $74.0 target. Deutsche Bank maintained CyrusOne Inc. (NASDAQ:CONE) on Monday, July 18 with “Buy” rating. The stock of CyrusOne Inc. (NASDAQ:CONE) earned “Buy” rating by Jefferies on Monday, August 14. The firm earned “Buy” rating on Friday, June 9 by Jefferies. Deutsche Bank maintained CyrusOne Inc. (NASDAQ:CONE) on Tuesday, August 11 with “Buy” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, February 26 report. As per Tuesday, December 22, the company rating was initiated by JP Morgan. Morgan Stanley maintained it with “Overweight” rating and $63 target in Friday, August 25 report.

Analysts await CyrusOne Inc. (NASDAQ:CONE) to report earnings on August, 1. They expect $0.79 earnings per share, up 2.60% or $0.02 from last year’s $0.77 per share. CONE’s profit will be $75.62M for 16.85 P/E if the $0.79 EPS becomes a reality. After $0.85 actual earnings per share reported by CyrusOne Inc. for the previous quarter, Wall Street now forecasts -7.06% negative EPS growth.

Since March 5, 2018, it had 0 insider purchases, and 1 sale for $566,252 activity.

Investors sentiment decreased to 1.36 in Q4 2017. Its down 0.42, from 1.78 in 2017Q3. It turned negative, as 29 investors sold CONE shares while 90 reduced holdings. 48 funds opened positions while 114 raised stakes. 89.47 million shares or 2.59% more from 87.22 million shares in 2017Q3 were reported. National Asset Mngmt holds 12,528 shares. Cibc World Markets accumulated 4,161 shares or 0% of the stock. Adams Diversified Equity Fund invested in 0.05% or 14,400 shares. The Wisconsin-based Dana Inv has invested 0.53% in CyrusOne Inc. (NASDAQ:CONE). Greenwich Inv Mgmt has 15,459 shares for 1.32% of their portfolio. Japan-based Daiwa Gp Inc has invested 0.09% in CyrusOne Inc. (NASDAQ:CONE). Kornitzer Capital Ks stated it has 183,245 shares or 0.19% of all its holdings. Tygh Capital Management Inc stated it has 1% of its portfolio in CyrusOne Inc. (NASDAQ:CONE). Advisory Ser Net Ltd Llc stated it has 655 shares or 0% of all its holdings. Amp Invsts Limited has 0.08% invested in CyrusOne Inc. (NASDAQ:CONE) for 237,100 shares. 13,384 were reported by Fdx Advsr. Raymond James Associates holds 810,555 shares. Reaves W H & Inc invested in 0.45% or 239,500 shares. Janney Montgomery Scott Limited Co owns 36,440 shares. Mckinley Cap Management Limited Company Delaware invested 0.6% in CyrusOne Inc. (NASDAQ:CONE).

CyrusOne Inc. (NASDAQ:CONE) Institutional Positions Chart

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By1 Ellis Scott

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