Hsbc Holdings PLC increased its position in Zayo Group Holdings Inc (NYSE:ZAYO) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,772 shares of the technology company’s stock after buying an additional 12,485 shares during the quarter. Hsbc Holdings PLC owned 0.07% of Zayo Group worth $5,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Zayo Group by 11.8% in the third quarter. BlackRock Inc. now owns 14,857,145 shares of the technology company’s stock valued at $515,841,000 after purchasing an additional 1,568,218 shares during the last quarter. Senator Investment Group LP lifted its position in Zayo Group by 11.3% in the second quarter. Senator Investment Group LP now owns 10,000,000 shares of the technology company’s stock valued at $364,800,000 after purchasing an additional 1,015,000 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Zayo Group by 23.2% in the third quarter. Canada Pension Plan Investment Board now owns 9,700,928 shares of the technology company’s stock valued at $336,816,000 after purchasing an additional 1,829,350 shares during the last quarter. Cadian Capital Management LP lifted its position in Zayo Group by 28.4% in the second quarter. Cadian Capital Management LP now owns 4,000,000 shares of the technology company’s stock valued at $145,920,000 after purchasing an additional 885,000 shares during the last quarter. Finally, Manning & Napier Group LLC lifted its position in Zayo Group by 1.4% in the third quarter. Manning & Napier Group LLC now owns 3,896,602 shares of the technology company’s stock valued at $135,288,000 after purchasing an additional 53,215 shares during the last quarter. Institutional investors own 98.73% of the company’s stock.

ZAYO has been the subject of several recent research reports. Zacks Investment Research downgraded Zayo Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. William Blair reiterated an “outperform” rating on shares of Zayo Group in a research report on Thursday, August 23rd. ValuEngine downgraded Zayo Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. TheStreet upgraded Zayo Group from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Finally, Jefferies Financial Group initiated coverage on Zayo Group in a research report on Tuesday, September 4th. They issued a “buy” rating and a $49.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Zayo Group currently has a consensus rating of “Buy” and a consensus target price of $36.54.

In related news, CEO Daniel Caruso sold 337,079 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $29.67, for a total value of $10,001,133.93. Following the sale, the chief executive officer now directly owns 471,851 shares of the company’s stock, valued at $13,999,819.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sandra Mays sold 1,586 shares of the company’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $34.14, for a total value of $54,146.04. Following the completion of the sale, the insider now directly owns 35,800 shares in the company, valued at $1,222,212. The disclosure for this sale can be found here. Insiders have sold 343,384 shares of company stock worth $10,216,114 over the last three months. Insiders own 4.50% of the company’s stock.

ZAYO opened at $24.97 on Friday. The company has a debt-to-equity ratio of 3.75, a quick ratio of 1.09 and a current ratio of 1.09. Zayo Group Holdings Inc has a 52-week low of $21.92 and a 52-week high of $39.66. The company has a market cap of $5.94 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 9.42 and a beta of 0.60.

Zayo Group (NYSE:ZAYO) last posted its earnings results on Wednesday, November 7th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Zayo Group had a net margin of 3.87% and a return on equity of 9.51%. The business had revenue of $641.10 million for the quarter, compared to analysts’ expectations of $647.21 million. During the same period last year, the firm posted $0.09 earnings per share. Zayo Group’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities analysts anticipate that Zayo Group Holdings Inc will post 0.53 EPS for the current year.

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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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