Eagle Asset Management Inc. raised its holdings in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 787,415 shares of the technology company’s stock after buying an additional 35,108 shares during the quarter. Eagle Asset Management Inc. owned 0.32% of Zayo Group worth $26,756,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Thompson Davis & CO. Inc. increased its holdings in Zayo Group by 2,600.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock valued at $116,000 after buying an additional 3,250 shares during the period. Mutual of America Capital Management LLC acquired a new stake in shares of Zayo Group in the 2nd quarter valued at $142,000. Rehmann Capital Advisory Group acquired a new stake in shares of Zayo Group in the 3rd quarter valued at $212,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Zayo Group 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 purchasing an additional 122 shares in the last quarter. Finally, Global Endowment Management LP boosted its stake in shares of Zayo Group by 8.1% in the 2nd quarter. Global Endowment Management LP now owns 8,010 shares of the technology company’s stock valued at $247,000 after purchasing an additional 600 shares in the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) traded up $0.01 during midday trading on Friday, reaching $34.42. 1,286,960 shares of the company traded hands, compared to its average volume of 2,151,647. The firm has a market cap of $8,511.85, a P/E ratio of 76.47, a price-to-earnings-growth ratio of 14.00 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group Holdings, Inc. has a 1-year low of $29.30 and a 1-year high of $36.79.
Several brokerages have recently commented on ZAYO. BidaskClub upgraded shares of Zayo Group from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. TheStreet upgraded shares of Zayo Group from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Barclays boosted their target price on shares of Zayo Group from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Oppenheimer restated a “buy” rating and issued a $42.00 target price on shares of Zayo Group in a research note on Tuesday, November 7th. Finally, KeyCorp restated a “hold” rating on shares of Zayo Group in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.92.
In other Zayo Group news, CEO Daniel Caruso sold 29,114 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $34.35, for a total transaction of $1,000,065.90. Following the completion of the sale, the chief executive officer now directly owns 4,284,854 shares of the company’s stock, valued at approximately $147,184,734.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total value of $161,445,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,637,348 shares of company stock worth $338,372,529. 5.20% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/12/09/eagle-asset-management-inc-purchases-35108-shares-of-zayo-group-holdings-inc-zayo.html.
Zayo Group 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.
Receive News & Ratings for Zayo Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.