Zayo Group Holdings Inc (ZAYO) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 29.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 638,121 shares of the technology company’s stock after purchasing an additional 143,537 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.26% of Zayo Group worth $23,279,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Zayo Group by 11.0% in the 1st quarter. JPMorgan Chase & Co. now owns 15,661 shares of the technology company’s stock valued at $535,000 after buying an additional 1,548 shares during the period. Toronto Dominion Bank boosted its position in Zayo Group by 16.5% in the 1st quarter. Toronto Dominion Bank now owns 12,698 shares of the technology company’s stock valued at $433,000 after buying an additional 1,803 shares during the period. Cerebellum GP LLC boosted its position in Zayo Group by 56.5% in the 2nd quarter. Cerebellum GP LLC now owns 5,048 shares of the technology company’s stock valued at $184,000 after buying an additional 1,822 shares during the period. Thompson Davis & CO. Inc. boosted its position in Zayo Group by 60.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $171,000 after buying an additional 1,875 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Zayo Group by 5.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,499 shares of the technology company’s stock valued at $1,350,000 after buying an additional 2,057 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Daniel Caruso sold 15,099 shares of Zayo Group stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $37.77, for a total transaction of $570,289.23. Following the sale, the chief executive officer now directly owns 3,553,349 shares in the company, valued at approximately $134,209,991.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard W. Connor sold 1,096 shares of Zayo Group stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $37.41, for a total transaction of $41,001.36. Following the sale, the director now owns 147,281 shares in the company, valued at $5,509,782.21. The disclosure for this sale can be found here. Insiders sold a total of 36,655 shares of company stock worth $1,375,922 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Shares of ZAYO opened at $37.49 on Tuesday. Zayo Group Holdings Inc has a twelve month low of $32.65 and a twelve month high of $39.66. The firm has a market capitalization of $9.37 billion, a PE ratio of 94.93, a PEG ratio of 15.59 and a beta of 0.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.77.

Several brokerages have commented on ZAYO. ValuEngine raised shares of Zayo Group from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Zacks Investment Research lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Sunday, July 8th. Bank of America started coverage on shares of Zayo Group in a report on Friday, May 18th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Deutsche Bank upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $37.00 to $42.00 in a report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $42.40.

Zayo Group Company Profile

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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

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