Private Advisor Group LLC Takes $469,000 Position in Zayo Group Holdings Inc (ZAYO)

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Private Advisor Group LLC bought a new position in Zayo Group Holdings Inc (NYSE:ZAYO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,868 shares of the technology company’s stock, valued at approximately $469,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its holdings in Zayo Group by 60.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,871,578 shares of the technology company’s stock valued at $287,155,000 after buying an additional 2,971,505 shares in the last quarter. Carmignac Gestion lifted its holdings in Zayo Group by 16.7% during the 1st quarter. Carmignac Gestion now owns 4,746,997 shares of the technology company’s stock valued at $162,157,000 after buying an additional 680,424 shares in the last quarter. USS Investment Management Ltd lifted its holdings in Zayo Group by 0.6% during the 2nd quarter. USS Investment Management Ltd now owns 3,311,490 shares of the technology company’s stock valued at $120,803,000 after buying an additional 21,000 shares in the last quarter. Zimmer Partners LP lifted its holdings in Zayo Group by 20.7% during the 1st quarter. Zimmer Partners LP now owns 3,250,000 shares of the technology company’s stock valued at $111,020,000 after buying an additional 558,200 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Zayo Group by 21.2% during the 1st quarter. Point72 Asset Management L.P. now owns 3,152,736 shares of the technology company’s stock valued at $107,697,000 after buying an additional 552,017 shares in the last quarter. Hedge funds and other institutional investors own 93.94% of the company’s stock.

NYSE ZAYO opened at $34.40 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.11 and a debt-to-equity ratio of 3.90. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 56.39, a price-to-earnings-growth ratio of 13.42 and a beta of 0.43. Zayo Group Holdings Inc has a one year low of $32.91 and a one year high of $39.66.

Zayo Group (NYSE:ZAYO) last posted its earnings results on Wednesday, August 22nd. The technology company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09. The business had revenue of $657.60 million for the quarter, compared to the consensus estimate of $655.78 million. Zayo Group had a net margin of 3.91% and a return on equity of 9.97%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. equities research analysts expect that Zayo Group Holdings Inc will post 0.52 EPS for the current year.

A number of brokerages recently weighed in on ZAYO. TheStreet upgraded shares of Zayo Group from a “c+” rating to a “b-” rating in a report on Friday, August 24th. ValuEngine lowered shares of Zayo Group from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Zacks Investment Research lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. William Blair reiterated an “outperform” rating on shares of Zayo Group in a report on Thursday, August 23rd. Finally, Jefferies Financial Group began coverage on shares of Zayo Group in a report on Tuesday. They set a “buy” rating and a $49.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. Zayo Group currently has a consensus rating of “Buy” and a consensus price target of $42.80.

In other Zayo Group news, CFO Matt Steinfort sold 1,486 shares of the firm’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $38.50, for a total transaction of $57,211.00. Following the transaction, the chief financial officer now owns 10,409 shares of the company’s stock, valued at approximately $400,746.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Rottenberg sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $39.00, for a total transaction of $195,000.00. Following the transaction, the director now directly owns 22,504 shares in the company, valued at approximately $877,656. The disclosure for this sale can be found here. Insiders have sold a total of 297,521 shares of company stock worth $11,197,143 in the last three months. Insiders own 5.20% of the company’s stock.

About Zayo Group

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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Institutional Ownership by Quarter for Zayo Group (NYSE:ZAYO)

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