Swiss National Bank lifted its holdings in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 806,500 shares of the technology company’s stock after buying an additional 16,700 shares during the quarter. Swiss National Bank owned 327,193.80% of Zayo Group Holdings worth $27,760,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Carmignac Gestion purchased a new stake in Zayo Group Holdings during the second quarter worth $150,427,000. Neuberger Berman Group LLC boosted its position in Zayo Group Holdings by 43,789.5% during the second quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock worth $83,677,000 after purchasing an additional 2,701,815 shares in the last quarter. USS Investment Management Ltd purchased a new stake in Zayo Group Holdings during the second quarter worth $63,335,000. Janus Henderson Group PLC boosted its position in Zayo Group Holdings by 13,304.8% during the second quarter. Janus Henderson Group PLC now owns 1,420,376 shares of the technology company’s stock worth $43,890,000 after purchasing an additional 1,409,780 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Zayo Group Holdings by 8.9% during the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after purchasing an additional 1,127,326 shares in the last quarter. Hedge funds and other institutional investors own 78.15% of the company’s stock.
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In related news, CFO Matt Steinfort sold 812 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $34.95, for a total value of $28,379.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Caruso sold 295,078 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $33.89, for a total value of $10,000,193.42. Following the completion of the transaction, the chief executive officer now owns 4,284,854 shares of the company’s stock, valued at $145,213,702.06. The disclosure for this sale can be found here. Insiders sold 5,271,311 shares of company stock valued at $180,967,923 over the last quarter. Insiders own 5.20% of the company’s stock.
Zayo Group Holdings, Inc. (NYSE ZAYO) opened at $35.34 on Friday. The company has a market capitalization of $8,610.00, a price-to-earnings ratio of 76.38, a P/E/G ratio of 13.99 and a beta of 0.56. Zayo Group Holdings, Inc. has a 12 month low of $29.30 and a 12 month 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 released its earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 3.99% and a return on equity of 8.01%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.13) earnings per share. equities analysts predict that Zayo Group Holdings, Inc. will post 0.49 EPS for the current fiscal year.
A number of analysts have commented on ZAYO shares. TheStreet upgraded Zayo Group Holdings from a “c” rating to a “b-” rating in a research report on Tuesday, October 17th. UBS AG initiated coverage on Zayo Group Holdings in a research report on Tuesday, October 17th. They set a “buy” rating on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $42.00 price target on shares of Zayo Group Holdings in a report on Wednesday, September 13th. Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Finally, Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $38.46.
Zayo Group Holdings Company 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.
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