InterXion Holding N.V. (INXN) Position Lessened by Elk Creek Partners LLC
Elk Creek Partners LLC trimmed its holdings in shares of InterXion Holding N.V. (NYSE:INXN) by 17.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 840,243 shares of the technology company’s stock after selling 180,547 shares during the quarter. InterXion Holding N.V. accounts for approximately 2.5% of Elk Creek Partners LLC’s portfolio, making the stock its 4th biggest position. Elk Creek Partners LLC owned about 1.18% of InterXion Holding N.V. worth $38,466,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of INXN. Franklin Resources Inc. acquired a new stake in shares of InterXion Holding N.V. during the 2nd quarter worth about $72,151,000. Frontier Capital Management Co. LLC acquired a new stake in shares of InterXion Holding N.V. during the 2nd quarter worth about $54,874,000. Great West Life Assurance Co. Can acquired a new stake in shares of InterXion Holding N.V. during the 2nd quarter worth about $30,614,000. Soros Fund Management LLC acquired a new stake in shares of InterXion Holding N.V. during the 1st quarter worth about $13,846,000. Finally, Citadel Advisors LLC increased its position in shares of InterXion Holding N.V. by 32.1% during the 1st quarter. Citadel Advisors LLC now owns 1,077,108 shares of the technology company’s stock worth $42,611,000 after purchasing an additional 261,461 shares during the last quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.
INXN has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $50.00 price objective (up from $48.00) on shares of InterXion Holding N.V. in a research report on Tuesday, May 23rd. Zacks Investment Research downgraded InterXion Holding N.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. ValuEngine raised InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. raised their price objective on InterXion Holding N.V. from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $49.00 price objective on shares of InterXion Holding N.V. in a research report on Friday, July 21st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $52.50.
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Shares of InterXion Holding N.V. (INXN) traded up 0.50% during trading on Friday, reaching $50.63. The company had a trading volume of 244,993 shares. InterXion Holding N.V. has a 52 week low of $32.21 and a 52 week high of $52.15. The firm has a 50-day moving average of $49.89 and a 200 day moving average of $44.49. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 72.12 and a beta of 0.63.
InterXion Holding N.V. (NYSE:INXN) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $120.80 million for the quarter, compared to analyst estimates of $117.13 million. InterXion Holding N.V. had a return on equity of 6.85% and a net margin of 9.25%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, equities research analysts forecast that InterXion Holding N.V. will post $0.74 earnings per share for the current year.
InterXion Holding N.V. Company Profile
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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