UBS Asset Management Americas Inc. lifted its position in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 20.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 440,213 shares of the technology company’s stock after purchasing an additional 76,073 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.18% of Zayo Group Holdings worth $13,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ZAYO. Mutual of America Capital Management LLC acquired a new stake in shares of Zayo Group Holdings in the 2nd quarter valued at about $142,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Zayo Group Holdings in the 1st quarter valued at about $151,000. Nordea Investment Management AB boosted its position in shares of Zayo Group Holdings by 6.8% in the 1st quarter. Nordea Investment Management AB now owns 5,240 shares of the technology company’s stock valued at $172,000 after purchasing an additional 335 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Zayo Group Holdings in the 1st quarter valued at about $203,000. Finally, Cadence Capital Management LLC boosted its position in shares of Zayo Group Holdings by 6.3% in the 1st quarter. Cadence Capital Management LLC now owns 6,493 shares of the technology company’s stock valued at $214,000 after purchasing an additional 382 shares during the period. 78.91% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Daniel Caruso sold 115,273 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $34.70, for a total transaction of $3,999,973.10. Following the completion of the transaction, the chief executive officer now directly owns 4,343,965 shares in the company, valued at $150,735,585.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kenneth Desgarennes sold 38,885 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $32.37, for a total value of $1,258,707.45. Following the transaction, the chief financial officer now owns 1,047,687 shares of the company’s stock, valued at $33,913,628.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,525,737 shares of company stock valued at $189,069,871. 5.20% of the stock is currently owned by insiders.

Shares of Zayo Group Holdings, Inc. (NYSE ZAYO) opened at 34.98 on Thursday. Zayo Group Holdings, Inc. has a 52-week low of $29.30 and a 52-week high of $35.65. The firm has a market capitalization of $8.62 billion, a PE ratio of 99.94 and a beta of 0.55. The firm’s 50-day moving average price is $34.35 and its 200-day moving average price is $32.99.

Zayo Group Holdings (NYSE:ZAYO) last issued its earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The company had revenue of $638.00 million during the quarter, compared to analyst estimates of $642.67 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The business’s revenue was up 25.8% on a year-over-year basis. On average, equities analysts predict that Zayo Group Holdings, Inc. will post $0.61 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on the company. Moffett Nathanson reissued a “neutral” rating and issued a $39.00 target price (up from $34.00) on shares of Zayo Group Holdings in a research report on Thursday, September 28th. Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. BidaskClub raised Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Cowen and Company reissued an “outperform” rating and issued a $45.00 target price on shares of Zayo Group Holdings in a research report on Wednesday, August 23rd. Finally, William Blair reissued an “ourperform” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.36.

About Zayo Group Holdings

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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