Clinton Group Inc. bought a new stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) during the second quarter, according to its most recent filing with the SEC. The firm bought 36,706 shares of the technology company’s stock, valued at approximately $1,134,000.

A number of other large investors have also recently bought and sold shares of the stock. Shell Asset Management Co. grew its stake in Zayo Group Holdings by 0.7% in the 2nd quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock valued at $478,000 after buying an additional 111 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in Zayo Group Holdings by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock worth $230,000 after purchasing an additional 122 shares during the last quarter. Comerica Bank grew its position in Zayo Group Holdings by 3.7% in the 1st quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock worth $233,000 after purchasing an additional 238 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Zayo Group Holdings by 1.2% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock worth $740,000 after purchasing an additional 291 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in Zayo Group Holdings by 1.7% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,130 shares of the technology company’s stock worth $596,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

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In other Zayo Group Holdings news, Director Richard W. Connor sold 1,200 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $34.47, for a total transaction of $41,364.00. Following the sale, the director now directly owns 145,944 shares in the company, valued at $5,030,689.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Caruso sold 115,273 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $34.70, for a total transaction of $3,999,973.10. Following the sale, the chief executive officer now owns 4,343,965 shares in the company, valued at $150,735,585.50. The disclosure for this sale can be found here. Insiders have sold 5,525,737 shares of company stock worth $189,069,871 over the last quarter. Corporate insiders own 5.20% of the company’s stock.

Several analysts have issued reports on the stock. Cowen and Company restated a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. BidaskClub lowered shares of Zayo Group Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. William Blair restated an “ourperform” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Moffett Nathanson restated a “neutral” rating and issued a $39.00 price target (up from $34.00) on shares of Zayo Group Holdings in a research report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.36.

Zayo Group Holdings, Inc. (ZAYO) opened at 35.00 on Thursday. The company has a market capitalization of $8.63 billion, a P/E ratio of 100.00 and a beta of 0.55. The company’s 50-day moving average is $34.35 and its 200 day moving average is $32.99. Zayo Group Holdings, Inc. has a one year low of $29.30 and a one year high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last released its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The business had revenue of $638.00 million during the quarter, compared to analyst estimates of $642.67 million. During the same quarter last year, the company posted ($0.13) earnings per share. The company’s revenue was up 25.8% on a year-over-year basis. Analysts predict that Zayo Group Holdings, Inc. will post $0.61 EPS for the current year.

Zayo Group Holdings Profile

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

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

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