AMP Capital Investors Ltd decreased its holdings in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 38.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,754 shares of the technology company’s stock after selling 33,400 shares during the quarter. AMP Capital Investors Ltd’s holdings in Zayo Group were worth $1,977,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ZAYO. Cerebellum GP LLC acquired a new position in Zayo Group in the fourth quarter valued at $126,000. SG Americas Securities LLC acquired a new position in Zayo Group in the fourth quarter valued at $141,000. American International Group Inc. acquired a new position in Zayo Group in the fourth quarter valued at $162,000. Cadence Capital Management LLC acquired a new position in Zayo Group in the third quarter valued at $232,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Zayo Group in the third quarter valued at $235,000. Institutional investors and hedge funds own 87.24% of the company’s stock.
Shares of ZAYO stock opened at $33.74 on Friday. Zayo Group Holdings Inc has a 52-week low of $29.73 and a 52-week high of $37.95. The stock has a market capitalization of $8,798.83, a PE ratio of 99.24, a PEG ratio of 18.60 and a beta of 0.49. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.99 and a current ratio of 0.99.
Zayo Group (NYSE:ZAYO) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.10. Zayo Group had a return on equity of 10.19% and a net margin of 3.42%. The business had revenue of $653.50 million for the quarter, compared to analyst estimates of $650.79 million. research analysts predict that Zayo Group Holdings Inc will post 0.38 EPS for the current year.
A number of research analysts recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Zayo Group in a report on Thursday, December 14th. Morgan Stanley raised their price objective on Zayo Group from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. SunTrust Banks raised their price objective on Zayo Group to $45.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Barclays reissued a “buy” rating and issued a $41.00 price objective on shares of Zayo Group in a research report on Friday, January 19th. Finally, Zacks Investment Research raised Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Saturday, February 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $41.70.
In related news, CFO Matt Steinfort sold 1,891 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $36.36, for a total value of $68,756.76. Following the completion of the sale, the chief financial officer now directly owns 5,565 shares of the company’s stock, valued at $202,343.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard W. Connor sold 1,091 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $36.76, for a total value of $40,105.16. Following the completion of the sale, the director now directly owns 147,169 shares of the company’s stock, valued at $5,409,932.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,499,917 shares of company stock worth $203,229,028. Corporate insiders own 5.20% of the company’s stock.
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Zayo Group 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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