BT Investment Management Ltd Buys New Position in Zayo Group Holdings, Inc. (ZAYO)

BT Investment Management Ltd bought a new stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,051 shares of the technology company’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Zayo Group Holdings by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 12,658,989 shares of the technology company’s stock valued at $416,480,000 after purchasing an additional 1,428,585 shares during the period. BlackRock Inc. lifted its stake in shares of Zayo Group Holdings by 8.7% in the 2nd quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock valued at $315,410,000 after purchasing an additional 813,652 shares during the period. State Street Corp lifted its stake in shares of Zayo Group Holdings by 4.3% in the 1st quarter. State Street Corp now owns 2,844,800 shares of the technology company’s stock valued at $93,593,000 after purchasing an additional 117,267 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Zayo Group Holdings by 43,789.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock valued at $83,677,000 after purchasing an additional 2,701,815 shares during the period. Finally, Jana Partners LLC lifted its stake in shares of Zayo Group Holdings by 137.3% in the 1st quarter. Jana Partners LLC now owns 2,435,848 shares of the technology company’s stock valued at $80,139,000 after purchasing an additional 1,409,307 shares during the period. Institutional investors own 78.91% of the company’s stock.

A number of research analysts have recently commented on ZAYO shares. Deutsche Bank AG started coverage on Zayo Group Holdings in a research note on Monday, August 28th. They issued a “hold” rating for the company. Cowen and Company restated an “outperform” rating and issued a $45.00 target price on shares of Zayo Group Holdings in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $42.00 target price on shares of Zayo Group Holdings in a research note on Wednesday, September 13th. BidaskClub upgraded Zayo Group Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Zayo Group Holdings in a research note on Tuesday, August 22nd. Two 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 company has an average rating of “Hold” and a consensus target price of $38.36.

Zayo Group Holdings (NYSE:ZAYO) last posted 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 company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $642.67 million. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) EPS.

In other Zayo Group Holdings news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total transaction of $161,445,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John F. Jr. Waters sold 9,220 shares of the stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $30.18, for a total value of $278,259.60. Following the sale, the insider now owns 41,586 shares of the company’s stock, valued at approximately $1,255,065.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,582,516 shares of company stock valued at $190,206,747. 5.80% of the stock is owned by company insiders.

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Zayo Group Holdings 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.

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

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