10,578 Shares in Zayo Group Holdings Inc (ZAYO) Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale purchased a new stake in shares of Zayo Group Holdings Inc (NYSE:ZAYO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,578 shares of the technology company’s stock, valued at approximately $364,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in Zayo Group Holdings by 1,658.9% in the third quarter. First Trust Advisors LP now owns 2,339,520 shares of the technology company’s stock valued at $69,507,000 after buying an additional 2,206,513 shares during the period. Mycio Wealth Partners LLC raised its stake in shares of Zayo Group Holdings by 1.0% in the third quarter. Mycio Wealth Partners LLC now owns 45,722 shares of the technology company’s stock worth $1,358,000 after buying an additional 435 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Zayo Group Holdings by 7.9% in the third quarter. BlackRock Fund Advisors now owns 1,521,548 shares of the technology company’s stock worth $45,205,000 after buying an additional 111,023 shares in the last quarter. Pacific Alternative Asset Management Company LLC raised its stake in shares of Zayo Group Holdings by 2.0% in the third quarter. Pacific Alternative Asset Management Company LLC now owns 102,070 shares of the technology company’s stock worth $3,032,000 after buying an additional 2,000 shares in the last quarter. Finally, Criterion Capital Management LLC raised its stake in shares of Zayo Group Holdings by 15.5% in the third quarter. Criterion Capital Management LLC now owns 3,056,929 shares of the technology company’s stock worth $90,821,000 after buying an additional 410,697 shares in the last quarter. Institutional investors own 67.35% of the company’s stock.

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

Shares of Zayo Group Holdings Inc (NYSE:ZAYO) opened at 32.07 on Friday. Zayo Group Holdings Inc has a 52-week low of $26.10 and a 52-week high of $35.65. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 246.69 and a beta of 0.61. The firm’s 50-day moving average is $33.30 and its 200 day moving average is $32.74.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The firm had revenue of $550.20 million for the quarter, compared to the consensus estimate of $545.63 million. Zayo Group Holdings had a negative net margin of 0.74% and a positive return on equity of 1.53%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) EPS. On average, equities research analysts anticipate that Zayo Group Holdings Inc will post $0.40 earnings per share for the current year.

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A number of analysts have recently commented on ZAYO shares. JPMorgan Chase & Co. lowered shares of Zayo Group Holdings from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $36.00 in a research report on Wednesday, May 10th. FBR & Co lowered shares of Zayo Group Holdings from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $30.00 to $25.00 in a research report on Friday, February 10th. Goldman Sachs Group Inc lowered shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 19th. Zacks Investment Research raised shares of Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, May 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $35.00 price objective on shares of Zayo Group Holdings in a research report on Friday, March 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Zayo Group Holdings has a consensus rating of “Buy” and an average price target of $37.29.

In related news, CFO Kenneth Desgarennes sold 38,885 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $31.82, for a total value of $1,237,320.70. Following the sale, the chief financial officer now directly owns 1,084,688 shares in the company, valued at approximately $34,514,772.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Christopher Morley sold 25,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the sale, the chief operating officer now owns 532,977 shares in the company, valued at $18,654,195. The disclosure for this sale can be found here. Insiders have sold a total of 903,199 shares of company stock worth $29,913,209 over the last quarter. Company insiders own 5.80% of the company’s stock.

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.

12 Month Chart for NYSE:ZAYO

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