Renaissance Technologies LLC Purchases Shares of 424,913 Zayo Group Holdings, Inc. (ZAYO)

Renaissance Technologies LLC purchased a new position in shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 424,913 shares of the technology company’s stock, valued at approximately $13,130,000. Renaissance Technologies LLC owned approximately 0.17% of Zayo Group Holdings at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC acquired a new position in shares of Zayo Group Holdings in the 2nd quarter valued at $142,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Zayo Group Holdings in the 1st quarter valued at $151,000. Neuberger Berman Group LLC acquired a new position in shares of Zayo Group Holdings in the 1st quarter valued at $203,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of Zayo Group Holdings by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock valued at $230,000 after acquiring an additional 122 shares during the period. Finally, Comerica Bank increased its position in shares of Zayo Group Holdings by 3.7% in the 1st quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock valued at $233,000 after acquiring an additional 238 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.

ZAYO has been the topic of several research reports. Deutsche Bank AG initiated coverage on Zayo Group Holdings in a research report on Monday, August 28th. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub downgraded Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Pacific Crest reissued an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $42.00 target price on shares of Zayo Group Holdings in a research report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.36.

In other Zayo Group Holdings news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of Zayo Group Holdings stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $34.35, for a total value of $161,445,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Matt Steinfort sold 812 shares of Zayo Group Holdings stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $34.95, for a total transaction of $28,379.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,617,498 shares of company stock worth $192,225,997. 5.20% of the stock is currently owned by company insiders.

Shares of Zayo Group Holdings, Inc. (ZAYO) opened at 35.17 on Wednesday. The firm’s 50-day moving average price is $34.57 and its 200 day moving average price is $33.07. Zayo Group Holdings, Inc. has a 12 month low of $29.30 and a 12 month high of $35.75. The firm has a market capitalization of $8.67 billion, a P/E ratio of 100.49 and a beta of 0.55.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $638.00 million during the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Analysts anticipate that Zayo Group Holdings, Inc. will post $0.61 earnings per share for the current fiscal year.

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Several other hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC acquired a new position in shares of Zayo Group Holdings in the 2nd quarter valued at $142,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Zayo Group Holdings in the 1st quarter valued at $151,000. Neuberger Berman Group LLC acquired a new position in shares of Zayo Group Holdings in the 1st quarter valued at $203,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of Zayo Group Holdings by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock valued at $230,000 after acquiring an additional 122 shares during the period. Finally, Comerica Bank increased its position in shares of Zayo Group Holdings by 3.7% in the 1st quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock valued at $233,000 after acquiring an additional 238 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.

ZAYO has been the topic of several research reports. Deutsche Bank AG initiated coverage on Zayo Group Holdings in a research report on Monday, August 28th. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub downgraded Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Pacific Crest reissued an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $42.00 target price on shares of Zayo Group Holdings in a research report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.36.

In other Zayo Group Holdings news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of Zayo Group Holdings stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $34.35, for a total value of $161,445,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Matt Steinfort sold 812 shares of Zayo Group Holdings stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $34.95, for a total transaction of $28,379.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,617,498 shares of company stock worth $192,225,997. 5.20% of the stock is currently owned by company insiders.

Shares of Zayo Group Holdings, Inc. (ZAYO) opened at 35.17 on Wednesday. The firm’s 50-day moving average price is $34.57 and its 200 day moving average price is $33.07. Zayo Group Holdings, Inc. has a 12 month low of $29.30 and a 12 month high of $35.75. The firm has a market capitalization of $8.67 billion, a P/E ratio of 100.49 and a beta of 0.55.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $638.00 million during the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Analysts anticipate that Zayo Group Holdings, Inc. will post $0.61 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/18/renaissance-technologies-llc-purchases-shares-of-424913-zayo-group-holdings-inc-zayo.html.

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.

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

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