State Board of Administration of Florida Retirement System Increases Position in Zayo Group Holdings, Inc. (ZAYO)

State Board of Administration of Florida Retirement System lifted its stake in shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,909 shares of the technology company’s stock after purchasing an additional 6,750 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.09% of Zayo Group Holdings worth $7,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Shell Asset Management Co. grew its holdings in shares of Zayo Group Holdings by 0.7% during the 2nd quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock valued at $478,000 after purchasing an additional 111 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Zayo Group Holdings by 1.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock valued at $230,000 after purchasing an additional 122 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Zayo Group Holdings by 1.2% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock valued at $740,000 after purchasing an additional 291 shares during the last quarter. US Bancorp DE boosted its position in Zayo Group Holdings by 2.2% during the 2nd quarter. US Bancorp DE now owns 14,593 shares of the technology company’s stock worth $451,000 after buying an additional 308 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in Zayo Group Holdings by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 29,400 shares of the technology company’s stock worth $908,000 after buying an additional 400 shares during the period. 78.15% of the stock is currently owned by institutional investors.

In related news, CFO Matt Steinfort sold 812 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard W. Connor sold 1,200 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $34.47, for a total transaction of $41,364.00. Following the transaction, the director now owns 145,944 shares in the company, valued at approximately $5,030,689.68. The disclosure for this sale can be found here. Insiders have sold a total of 5,271,311 shares of company stock worth $180,967,923 in the last quarter. 5.20% of the stock is owned by corporate insiders.

ZAYO has been the topic of several recent research reports. Deutsche Bank AG initiated coverage on shares of Zayo Group Holdings in a research report on Monday, August 28th. They set a “hold” rating on the stock. Cowen and Company reiterated an “outperform” rating and set a $45.00 target price on shares of Zayo Group Holdings in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $42.00 target price on shares of Zayo Group Holdings in a research report on Wednesday, September 13th. Zacks Investment Research downgraded shares of Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Barclays PLC lifted their target price on shares of Zayo Group Holdings from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $38.46.

Zayo Group Holdings, Inc. (NYSE ZAYO) opened at $34.02 on Monday. The stock has a market cap of $8,415.38, a P/E ratio of 75.60, a PEG ratio of 13.85 and a beta of 0.56. Zayo Group Holdings, Inc. has a 1 year low of $29.30 and a 1 year high of $36.79. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91.

Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a return on equity of 8.01% and a net margin of 3.99%. The firm had revenue of $638.00 million during the quarter, compared to analyst estimates of $642.67 million. During the same quarter last year, the firm posted ($0.13) EPS. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. equities research analysts forecast that Zayo Group Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

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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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