DekaBank Deutsche Girozentrale lifted its stake in Zayo Group Holdings (NYSE:ZAYO) by 176.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,576 shares of the technology company’s stock after acquiring an additional 25,890 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Zayo Group were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Zayo Group in the fourth quarter worth $126,000. SG Americas Securities LLC acquired a new position in shares of Zayo Group in the fourth quarter worth $141,000. American International Group Inc. acquired a new position in shares of Zayo Group in the fourth quarter worth $162,000. Thompson Davis & CO. Inc. increased its stake in shares of Zayo Group by 60.0% in the first quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock worth $171,000 after acquiring an additional 1,875 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Zayo Group by 102.8% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,300 shares of the technology company’s stock worth $269,000 after purchasing an additional 3,700 shares in the last quarter. 87.68% of the stock is currently owned by institutional investors and hedge funds.

ZAYO stock opened at $34.05 on Friday. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.11 and a quick ratio of 1.11. Zayo Group Holdings has a 52-week low of $33.36 and a 52-week high of $33.69. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 85.13, a PEG ratio of 12.74 and a beta of 0.52.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.09. Zayo Group had a net margin of 3.15% and a return on equity of 9.31%. The company had revenue of $649.40 million during the quarter, compared to analysts’ expectations of $652.84 million. During the same period in the prior year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. equities analysts anticipate that Zayo Group Holdings will post 0.53 EPS for the current fiscal year.

In other Zayo Group news, Director Richard W. Connor sold 1,037 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $34.00, for a total transaction of $35,258.00. Following the completion of the sale, the director now directly owns 148,383 shares in the company, valued at $5,045,022. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Caruso sold 265,252 shares of the company’s stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $37.70, for a total transaction of $10,000,000.40. Following the sale, the chief executive officer now owns 3,686,256 shares of the company’s stock, valued at $138,971,851.20. The disclosure for this sale can be found here. Insiders have sold 5,497,558 shares of company stock valued at $203,432,369 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

ZAYO has been the subject of a number of recent research reports. Barclays reiterated a “buy” rating and issued a $41.00 price objective on shares of Zayo Group in a report on Friday, January 19th. SunTrust Banks upped their price objective on shares of Zayo Group to $45.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Morgan Stanley upped their price objective on shares of Zayo Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Royal Bank of Canada reiterated a “buy” rating on shares of Zayo Group in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, February 10th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $42.33.

Zayo Group Company Profile

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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