Andra AP fonden increased its position in Zayo Group Holdings Inc (NYSE:ZAYO) by 147.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,600 shares of the technology company’s stock after buying an additional 28,400 shares during the quarter. Andra AP fonden’s holdings in Zayo Group were worth $1,653,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC raised its position in shares of Zayo Group by 56.5% during the second quarter. Cerebellum GP LLC now owns 5,048 shares of the technology company’s stock worth $184,000 after purchasing an additional 1,822 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of Zayo Group during the second quarter worth $275,000. HL Financial Services LLC acquired a new stake in shares of Zayo Group during the second quarter worth $314,000. Highland Capital Management LP acquired a new stake in shares of Zayo Group during the second quarter worth $348,000. Finally, D.A. Davidson & CO. raised its position in shares of Zayo Group by 30.5% during the second quarter. D.A. Davidson & CO. now owns 9,871 shares of the technology company’s stock worth $360,000 after purchasing an additional 2,307 shares during the period. Institutional investors and hedge funds own 94.89% of the company’s stock.
NYSE:ZAYO opened at $29.75 on Monday. The firm has a market cap of $7.33 billion, a P/E ratio of 48.77, a price-to-earnings-growth ratio of 11.16 and a beta of 0.43. Zayo Group Holdings Inc has a 1-year low of $29.47 and a 1-year high of $39.66. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.90.
In related news, CEO Daniel Caruso sold 265,866 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $37.61, for a total transaction of $9,999,220.26. Following the transaction, the chief executive officer now directly owns 471,851 shares of the company’s stock, valued at $17,746,316.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra Mays sold 1,586 shares of the company’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $34.14, for a total value of $54,146.04. Following the transaction, the insider now directly owns 35,800 shares in the company, valued at $1,222,212. The disclosure for this sale can be found here. Insiders have sold 272,171 shares of company stock worth $10,214,201 over the last three months. 4.50% of the stock is owned by insiders.
ZAYO has been the topic of a number of recent analyst reports. TheStreet raised Zayo Group from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Moffett Nathanson raised Zayo Group from a “neutral” rating to a “buy” rating in a research report on Monday, October 15th. Jefferies Financial Group initiated coverage on Zayo Group in a research report on Tuesday, September 4th. They set a “buy” rating and a $49.00 target price on the stock. ValuEngine raised Zayo Group from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, William Blair reissued an “outperform” rating on shares of Zayo Group in a research report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $43.22.
Zayo Group Company Profile
Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.
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