Two Sigma Advisers LP acquired a new stake in shares of Zayo Group Holdings Inc (NYSE:ZAYO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 709,060 shares of the technology company’s stock, valued at approximately $26,093,000. Two Sigma Advisers LP owned approximately 0.29% of Zayo Group as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in Zayo Group by 9.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,018 shares of the technology company’s stock valued at $280,000 after acquiring an additional 775 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Zayo Group by 0.8% during the 4th quarter. Congress Asset Management Co. MA now owns 203,004 shares of the technology company’s stock valued at $7,471,000 after acquiring an additional 1,605 shares in the last quarter. Aperio Group LLC boosted its position in Zayo Group by 5.8% during the 4th quarter. Aperio Group LLC now owns 29,806 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 1,628 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Zayo Group by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,485 shares of the technology company’s stock valued at $1,497,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of Zayo Group by 5.8% in the 4th quarter. Amalgamated Bank now owns 37,202 shares of the technology company’s stock worth $1,369,000 after purchasing an additional 2,023 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on ZAYO shares. Morgan Stanley raised Zayo Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $33.00 to $40.00 in a research report on Tuesday, December 12th. SunTrust Banks boosted their price target on Zayo Group to $45.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Citigroup reissued a “buy” rating on shares of Zayo Group in a research report on Thursday, December 14th. Zacks Investment Research raised Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Saturday, February 10th. Finally, Barclays reissued a “buy” rating and issued a $41.00 price target on shares of Zayo Group in a research report on Friday, January 19th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Zayo Group has an average rating of “Buy” and an average price target of $41.70.
Zayo Group stock opened at $36.00 on Monday. Zayo Group Holdings Inc has a 1-year low of $29.73 and a 1-year high of $37.95. The firm has a market cap of $8,930.30, a P/E ratio of 105.88, a P/E/G ratio of 18.88 and a beta of 0.49. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.99 and a quick ratio of 0.99.
Zayo Group (NYSE:ZAYO) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. The company had revenue of $653.50 million during the quarter, compared to analyst estimates of $650.79 million. analysts anticipate that Zayo Group Holdings Inc will post 0.38 earnings per share for the current year.
In other Zayo Group news, CEO Daniel Caruso sold 17,723 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $36.39, for a total transaction of $644,939.97. Following the completion of the sale, the chief executive officer now directly owns 4,383,535 shares in the company, valued at approximately $159,516,838.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Fund X/C Lp Gtcr sold 4,675,000 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $37.05, for a total transaction of $173,208,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,247,454 shares of company stock valued at $194,221,133. 5.20% of the stock is owned by company insiders.
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About Zayo Group
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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