Citigroup Inc. reduced its stake in Equinix, Inc. by 33.4% in the third quarter, now holding 112,686 shares valued at $88.26 million. Equinix missed recent earnings estimates but increased its quarterly dividend to $5.16, while corporate insiders have been net sellers of the stock. Institutional investors and hedge funds combined own 94.94% of Equinix outstanding stock.
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Citigroup Inc. Decreases Stock Position in Equinix, Inc. $EQIX
Citigroup Inc. reduced its stake in Equinix, Inc. by 33.4% in the third quarter, now holding 112,686 shares valued at $88.26 million. Equinix missed recent earnings estimates but increased its quarterly dividend to $5.16, while corporate insiders have been net sellers of the stock. Institutional investors and hedge funds combined own 94.94% of Equinix outstanding stock.