Today The Wall Street Associates Has $313,000 Stake in Zayo Group Holdings, Inc. (ZAYO)

Today The Wall Street Associates Has $313,000 Stake in Zayo Group Holdings, Inc. (ZAYO)

Wall Street Associates lowered its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,520 shares of the company’s stock after selling 97 shares during the period. Wall Street Associates’ holdings in Zayo Group Holdings were worth $313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Zayo Group Holdings during the third quarter valued at about $141,000. Public Employees Retirement Association of Colorado boosted its position in Zayo Group Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,262 shares of the company’s stock valued at $156,000 after buying an additional 21 shares in the last quarter. Sei Investments Co. purchased a new position in Zayo Group Holdings during the second quarter valued at about $157,000. Fifth Third Bancorp boosted its position in Zayo Group Holdings by 926.9% in the second quarter. Fifth Third Bancorp now owns 7,065 shares of the company’s stock valued at $197,000 after buying an additional 6,377 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Zayo Group Holdings during the third quarter valued at about $202,000. 67.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) traded up 0.29% during mid-day trading on Wednesday, reaching $31.65. 278,998 shares of the company were exchanged. The firm’s market capitalization is $7.69 billion. The company’s 50 day moving average price is $32.61 and its 200 day moving average price is $31.01. Zayo Group Holdings, Inc. has a 12 month low of $19.59 and a 12 month high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last posted its earnings results on Tuesday, November 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm earned $504.90 million during the quarter, compared to analyst estimates of $511.81 million. Zayo Group Holdings had a negative net margin of 2.44% and a negative return on equity of 0.93%. Zayo Group Holdings’s revenue was up 37.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. Equities analysts anticipate that Zayo Group Holdings, Inc. will post $0.31 earnings per share for the current year.

ZAYO has been the subject of several analyst reports. BTIG Research reissued a “buy” rating and set a $41.00 price target (up from $36.00) on shares of Zayo Group Holdings in a report on Friday, January 20th. Stifel Nicolaus assumed coverage on shares of Zayo Group Holdings in a report on Friday, January 13th. They issued a “buy” rating and a $40.00 target price for the company. SunTrust Banks, Inc. assumed coverage on shares of Zayo Group Holdings in a report on Monday, December 12th. They issued a “buy” rating and a $39.00 target price for the company. Zacks Investment Research raised shares of Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Saturday, November 12th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Zayo Group Holdings from a “buy” rating to a “conviction-buy” rating and set a $39.00 target price for the company in a report on Monday, October 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Zayo Group Holdings currently has an average rating of “Buy” and a consensus target price of $33.93.

In other Zayo Group Holdings news, CEO Daniel Caruso sold 78,927 shares of the business’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $30.91, for a total transaction of $2,439,633.57. Following the completion of the transaction, the chief executive officer now directly owns 4,492,255 shares of the company’s stock, valued at approximately $138,855,602.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth Desgarennes sold 233,378 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $35.08, for a total transaction of $8,186,900.24. Following the transaction, the chief financial officer now directly owns 994,228 shares of the company’s stock, valued at $34,877,518.24. The disclosure for this sale can be found here. Insiders have sold a total of 932,335 shares of company stock valued at $31,402,401 over the last three months. 5.80% of the stock is currently owned by company insiders.

Zayo Group Holdings Company Profile

Zayo Group Holdings, Inc is a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services.

Want to see what other hedge funds are holding ZAYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zayo Group Holdings, Inc. (NYSE:ZAYO).

Related posts

Leave a Comment