SPO Advisory Further Further Increases Exposure to Equinix Inc (EQIX)

John H. Scully of SPO Advisory Corp, is bullish on Equinix Inc (NASDAQ:EQIX). A new filing with the Securities and Exchange Commission showed that SPO Advisory has further raised its position in Equinix to 5.41 million shares from 5.21 million shares. According to the filing, the fund has bought a total of 135,000 shares of Equinix at an average price of $179.73.

Equinix Inc (NASDAQ:EQIX)

Equinix Inc (NASDAQ:EQIX) is a global interconnection and data center company that connects more than 4,500 companies directly to their customers and partners inside the world’s most networked data centers. The company has a market cap of $8.9 billion, and trades at a P/E of around 98.4. Recently, Equinix Inc (NASDAQ:EQIX) has formed a partnership to bring Microsoft Azure ExpressRoute to 16 global markets inside Equinix International Business Exchange (IBX) data centers, according to a statement.

For the fourth quarter of 2013, the company reported a 12% increase in revenues, as compared to the same quarter in 2012. The company’s revenues were $564.7 million for the fourth quarter and $2.2 billion for the year ended December 31, 2013. Net income attributable to Equinix for the fourth quarter was $45.2 million, representing a basic net income per share attributable to the company of $0.91 and a diluted net income per share attributable to the company of $0.88 based on a weighted average share count of 49.8 million and 53.5 million, respectively, for the fourth quarter.

Other major shareholders of the company include Barry Rosenstein’s Jana Partners and Jeffrey Tannenbaum’s Fir Tree, owning 3.01 million shares and 2.97 million shares respectively. In its most recent 13F, Paulson & Co, managed by John Paulson, disclosed holding 2.09 million shares.

SPO Advisory Corp is a value investing fund with a very concentrated portfolio. In February, the fund disclosed reducing its position in Calpine Corporation (NYSE:CPN) to around 12.12 million shares.

Disclosure: none

Recommended Reading:

Soroban Capital Partners Discloses New Position in Sinclair Broadcast Group Inc (SBGI)

Gamco Investors’ Latest Moves Involve Bel Fuse Inc. (BELFA), Telephone & Data Systems Inc. (TDS) & National Fuel Gas Co. (NFG)

Silver Point Capital Ups stake in Standard Register Co (SR)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!