Xact Kapitalforvaltning AB raised its stake in Zayo Group Holdings Inc (NYSE:ZAYO) by 66.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,574 shares of the technology company’s stock after buying an additional 14,200 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Zayo Group were worth $813,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Zayo Group during the 4th quarter valued at about $29,000. Virtus Alternative Investment Advisers Inc. acquired a new stake in Zayo Group in the 3rd quarter worth approximately $115,000. Steward Partners Investment Advisory LLC acquired a new stake in Zayo Group in the 3rd quarter worth approximately $128,000. Dynamic Technology Lab Private Ltd acquired a new stake in Zayo Group in the 3rd quarter worth approximately $215,000. Finally, Signition LP acquired a new stake in Zayo Group in the 3rd quarter worth approximately $264,000. Institutional investors own 98.56% of the company’s stock.

In other Zayo Group news, CFO Matt Steinfort sold 6,142 shares of the stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $24.16, for a total value of $148,390.72. Following the transaction, the chief financial officer now owns 22,896 shares of the company’s stock, valued at $553,167.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO John F. Jr. Waters sold 5,548 shares of the stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $24.16, for a total value of $134,039.68. Following the completion of the transaction, the chief technology officer now directly owns 87,309 shares in the company, valued at approximately $2,109,385.44. The disclosure for this sale can be found here. Insiders have sold 16,144 shares of company stock worth $390,039 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Zayo Group stock traded up $0.14 on Monday, reaching $26.45. The company’s stock had a trading volume of 1,330,011 shares, compared to its average volume of 5,684,412. The company has a debt-to-equity ratio of 3.75, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $6.22 billion, a P/E ratio of 43.36, a P/E/G ratio of 3.23 and a beta of 0.92. Zayo Group Holdings Inc has a twelve month low of $20.27 and a twelve month high of $39.66.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings data on Thursday, February 7th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Zayo Group had a return on equity of 7.82% and a net margin of 4.62%. The business had revenue of $639.10 million during the quarter, compared to analyst estimates of $641.73 million. During the same period in the prior year, the firm posted $0.05 EPS. Zayo Group’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities research analysts predict that Zayo Group Holdings Inc will post 0.54 earnings per share for the current year.

Several equities research analysts recently weighed in on ZAYO shares. Craig Hallum started coverage on Zayo Group in a report on Wednesday, January 23rd. They issued a “buy” rating and a $45.00 target price for the company. SunTrust Banks restated a “buy” rating and issued a $38.00 target price on shares of Zayo Group in a report on Thursday, November 8th. JPMorgan Chase & Co. upgraded Zayo Group from a “neutral” rating to an “overweight” rating and set a $25.48 target price for the company in a report on Wednesday, November 28th. Moffett Nathanson upgraded Zayo Group from a “neutral” rating to a “buy” rating in a report on Monday, October 15th. Finally, BTIG Research lowered Zayo Group from a “buy” rating to a “neutral” rating in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Zayo Group presently has an average rating of “Buy” and an average target price of $35.95.

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About Zayo Group

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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