Barry Lebovits increased its stake in Interxion Holding N.V (INXN) by 17.81% based on its latest 2016Q3 regulatory filing with the SEC. Rivulet Capital Llc bought 378,180 shares as the company’s stock declined 2.87% while stock markets rallied. The hedge fund run by Barry Lebovits held 2.50 million shares of the programming company at the end of 2016Q3, valued at $90.62M, up from 2.12 million at the end of the previous reported quarter. Rivulet Capital Llc who had been investing in Interxion Holding N.V for a number of months, seems to be bullish on the $2.56B market cap company. The stock is up 1.09% or $0.4 after the positive news, hitting $36.93 per share. About 165,033 shares traded hands. InterXion Holding NV (NYSE:INXN) has declined 4.60% since June 7, 2016 and is downtrending. It has underperformed by 12.02% the S&P500.
Rivulet Capital Llc, which manages about $221.95 million and $489.84M US Long portfolio, decreased its stake in Cogent Communications Hldgs (NASDAQ:CCOI) by 281,980 shares to 526,120 shares, valued at $19.37 million in 2016Q3, according to the filing.
Rivulet Capital Llc is a New York-based hedge fund that was founded by Barry Lebovits And Joshua Kuntz. It had more than $221.95 million assets under management in June, 2014. Taken from Rivulet Capital latest Adv, the fund reported to have 6 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.
More news for InterXion Holding NV (NYSE:INXN) were recently published by: Marketwatch.com, which released: “Virtual Stock Exchange” on February 05, 2011. Moodys.com‘s article titled: “Moody’s Assigns B2 Rating to Interxion’s EUR150 million bond tap” and published on April 11, 2016 is yet another important article.
According to Zacks Investment Research, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands.”
InterXion Holding NV (NYSE:INXN) Ratings Coverage
Out of 8 analysts covering Interxion Holding NV (NYSE:INXN), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Interxion Holding NV has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Monday, September 28 by Barclays Capital. The firm has “Buy” rating by Citigroup given on Thursday, November 5. Canaccord Genuity upgraded the shares of INXN in a report on Thursday, August 6 to “Buy” rating. The stock has “Buy” rating given by Canaccord Genuity on Thursday, November 5. The firm has “Hold” rating by Jefferies given on Monday, June 13. The stock of InterXion Holding NV (NYSE:INXN) earned “Neutral” rating by Guggenheim on Friday, December 2. The stock of InterXion Holding NV (NYSE:INXN) has “Buy” rating given on Monday, October 26 by Evercore. Wells Fargo upgraded the shares of INXN in a report on Wednesday, June 1 to “Outperform” rating.
INXN Company Profile
InterXion Holding N.V., incorporated on April 6, 1998, is a well-known provider of carrier and cloud neutral colocation data center services in Europe. The Firm operates through two divisions: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its activities in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland. The Firm supports approximately 1,600 clients through over 40 data centers in over 10 countries, enabling them to protect, connect, process and distribute information.
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