Mutual of America Capital Management LLC raised its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 68.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,720 shares of the technology company’s stock after purchasing an additional 3,125 shares during the period. Mutual of America Capital Management LLC’s holdings in Zayo Group Holdings were worth $266,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Zayo Group Holdings by 10.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 522,662 shares of the technology company’s stock valued at $16,150,000 after purchasing an additional 49,044 shares during the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of Zayo Group Holdings by 38.5% in the second quarter. State of Wisconsin Investment Board now owns 209,641 shares of the technology company’s stock valued at $6,478,000 after acquiring an additional 58,230 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Zayo Group Holdings in the second quarter valued at approximately $16,995,000. Prudential Financial Inc. boosted its holdings in shares of Zayo Group Holdings by 13.0% in the first quarter. Prudential Financial Inc. now owns 9,600 shares of the technology company’s stock valued at $316,000 after acquiring an additional 1,102 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Zayo Group Holdings by 19.6% in the second quarter. Xact Kapitalforvaltning AB now owns 16,758 shares of the technology company’s stock valued at $518,000 after acquiring an additional 2,749 shares during the period. Institutional investors own 78.70% of the company’s stock.

ZAYO has been the subject of several research analyst reports. TheStreet raised Zayo Group Holdings from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $42.00 price objective on shares of Zayo Group Holdings in a report on Wednesday, September 13th. Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Finally, UBS AG initiated coverage on Zayo Group Holdings in a report on Tuesday, October 17th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. Zayo Group Holdings currently has an average rating of “Hold” and a consensus target price of $38.46.

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Zayo Group Holdings, Inc. (ZAYO) opened at $34.40 on Friday. The stock has a market capitalization of $8,479.19, a PE ratio of 86.00, a price-to-earnings-growth ratio of 11.60 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.99.

Zayo Group Holdings (NYSE:ZAYO) last released its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The business had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $642.67 million. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The company’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.13) EPS. analysts expect that Zayo Group Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

In other Zayo Group Holdings news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total value of $161,445,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kenneth Desgarennes sold 38,885 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $34.08, for a total value of $1,325,200.80. Following the completion of the transaction, the chief financial officer now owns 1,018,044 shares of the company’s stock, valued at approximately $34,694,939.52. The disclosure for this sale can be found here. Insiders sold 5,271,311 shares of company stock valued at $180,967,923 in the last quarter. 5.20% of the stock is currently owned by company insiders.

Zayo Group Holdings Company 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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