Marlowe Partners LP Has $26.22 Million Stake in Zayo Group Holdings, Inc. (ZAYO)
Marlowe Partners LP decreased its position in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 20.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 761,824 shares of the technology company’s stock after selling 196,879 shares during the period. Zayo Group makes up 18.0% of Marlowe Partners LP’s portfolio, making the stock its 3rd largest position. Marlowe Partners LP owned approximately 0.31% of Zayo Group worth $26,222,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Carmignac Gestion bought a new stake in Zayo Group in the 2nd quarter valued at $150,427,000. Neuberger Berman Group LLC lifted its position in Zayo Group by 43,789.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock valued at $83,677,000 after acquiring an additional 2,701,815 shares in the last quarter. USS Investment Management Ltd bought a new stake in Zayo Group in the 2nd quarter valued at $63,335,000. Janus Henderson Group PLC lifted its position in Zayo Group by 13,304.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,420,376 shares of the technology company’s stock valued at $43,890,000 after acquiring an additional 1,409,780 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Zayo Group by 8.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock valued at $425,998,000 after acquiring an additional 1,127,326 shares in the last quarter. 84.11% of the stock is owned by institutional investors.
Several equities research analysts recently commented on ZAYO shares. Deutsche Bank started coverage on shares of Zayo Group in a research report on Monday, August 28th. They issued a “hold” rating on the stock. Cowen reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Zayo Group in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. TheStreet cut shares of Zayo Group from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Zayo Group in a research report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.46.
In other Zayo Group news, insider John F. Jr. Waters sold 9,512 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $34.10, for a total transaction of $324,359.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Andrew Crouch sold 22,803 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total transaction of $777,582.30. The disclosure for this sale can be found here. Insiders have sold a total of 9,637,348 shares of company stock worth $338,372,529 over the last three months. Insiders own 5.20% of the company’s stock.
Shares of Zayo Group Holdings, Inc. (NYSE ZAYO) traded up $0.01 during trading hours on Monday, reaching $35.35. 2,668,900 shares of the company’s stock traded hands, compared to its average volume of 2,348,723. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group Holdings, Inc. has a 52-week low of $29.30 and a 52-week high of $36.79. The company has a market cap of $8,630.00, a PE ratio of 78.56, a PEG ratio of 14.39 and a beta of 0.53.
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Zayo Group 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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