Bank of New York Mellon Corp grew its position in shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) by 15.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 797,773 shares of the technology company’s stock after purchasing an additional 104,576 shares during the period. Bank of New York Mellon Corp owned approximately 0.32% of Zayo Group worth $27,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aperio Group LLC grew its position in Zayo Group by 10.4% in the second quarter. Aperio Group LLC now owns 10,900 shares of the technology company’s stock worth $337,000 after acquiring an additional 1,030 shares in the last quarter. US Bancorp DE grew its position in Zayo Group by 2.2% in the second quarter. US Bancorp DE now owns 14,593 shares of the technology company’s stock worth $451,000 after acquiring an additional 308 shares in the last quarter. Shell Asset Management Co. grew its position in Zayo Group by 0.7% in the second quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock worth $478,000 after acquiring an additional 111 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Zayo Group by 275.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 19,443 shares of the technology company’s stock worth $601,000 after acquiring an additional 14,266 shares in the last quarter. Finally, NGAM Advisors L.P. purchased a new position in Zayo Group in the second quarter worth $1,694,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.

Several research analysts recently issued reports 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 for the company. Cowen reiterated an “outperform” rating and issued a $45.00 target price on shares of Zayo Group in a research report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. TheStreet lowered shares of Zayo Group from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Finally, Oppenheimer restated a “buy” rating and set a $42.00 price target on shares of Zayo Group in a research report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.46.

Zayo Group Holdings, Inc. (ZAYO) traded up $0.88 during midday trading on Tuesday, reaching $35.30. 1,674,600 shares of the company’s stock traded hands, compared to its average volume of 2,347,215. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group Holdings, Inc. has a twelve month low of $29.30 and a twelve month high of $36.79. The stock has a market capitalization of $8,514.32, a price-to-earnings ratio of 76.49, a price-to-earnings-growth ratio of 14.01 and a beta of 0.53.

In other news, Director Richard W. Connor sold 1,200 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $34.47, for a total transaction of $41,364.00. Following the completion of the transaction, the director now directly owns 145,944 shares of the company’s stock, valued at $5,030,689.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Caruso sold 29,114 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $34.35, for a total transaction of $1,000,065.90. Following the transaction, the chief executive officer now directly owns 4,284,854 shares of the company’s stock, valued at $147,184,734.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,937,348 shares of company stock valued at $176,927,529. Company insiders own 5.20% of the company’s stock.

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About Zayo Group

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.

Institutional Ownership by Quarter for Zayo Group (NYSE:ZAYO)

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