Zayo Group Holdings, Inc. (ZAYO) Position Raised by 361 Capital LLC
361 Capital LLC increased its position in shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) by 16.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,672 shares of the technology company’s stock after purchasing an additional 14,824 shares during the period. 361 Capital LLC’s holdings in Zayo Group Holdings were worth $3,203,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ZAYO. BlackRock Inc. increased its holdings in shares of Zayo Group Holdings by 5,686.4% in the first quarter. BlackRock Inc. now owns 9,393,691 shares of the technology company’s stock valued at $309,054,000 after buying an additional 9,231,349 shares in the last quarter. Carmignac Gestion purchased a new position in Zayo Group Holdings during the 2nd quarter worth approximately $150,427,000. Neuberger Berman Group LLC grew its position in Zayo Group Holdings by 43,789.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock worth $83,677,000 after purchasing an additional 2,701,815 shares in the last quarter. USS Investment Management Ltd purchased a new position in Zayo Group Holdings during the 2nd quarter worth approximately $63,335,000. Finally, Vanguard Group Inc. grew its position in Zayo Group Holdings by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 12,658,989 shares of the technology company’s stock worth $416,480,000 after purchasing an additional 1,428,585 shares in the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.
Zayo Group Holdings, Inc. (NYSE ZAYO) traded down 0.12% during trading on Tuesday, hitting $34.19. 299,187 shares of the stock traded hands. The company has a market capitalization of $8.43 billion, a P/E ratio of 97.69 and a beta of 0.55. The company’s 50 day moving average is $34.44 and its 200 day moving average is $33.02. Zayo Group Holdings, Inc. has a one year low of $29.30 and a one year high of $35.65.
Zayo Group Holdings (NYSE:ZAYO) last released its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $638.00 million during the quarter, compared to the consensus estimate of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period last year, the business posted ($0.13) EPS. On average, equities analysts forecast that Zayo Group Holdings, Inc. will post $0.61 EPS for the current fiscal year.
ZAYO has been the topic of several research analyst reports. Deutsche Bank AG initiated coverage on shares of Zayo Group Holdings in a research report on Monday, August 28th. They set a “hold” rating on the stock. Cowen and Company reiterated an “outperform” rating and set a $45.00 price objective on shares of Zayo Group Holdings in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $42.00 price objective on shares of Zayo Group Holdings in a research report on Wednesday, September 13th. BidaskClub upgraded shares of Zayo Group Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.36.
In related news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $34.35, for a total value of $161,445,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matt Steinfort sold 812 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $34.95, for a total transaction of $28,379.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,617,498 shares of company stock valued at $192,225,997. 5.20% of the stock is owned by 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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