92,000 Shares in Zayo Group Holdings Inc (NYSE:ZAYO) Purchased by One68 Global Capital LLC

One68 Global Capital LLC purchased a new position in Zayo Group Holdings Inc (NYSE:ZAYO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 92,000 shares of the technology company’s stock, valued at approximately $3,028,000. Zayo Group makes up 3.8% of One68 Global Capital LLC’s investment portfolio, making the stock its 7th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in Zayo Group by 20.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 65,656 shares of the technology company’s stock valued at $1,866,000 after acquiring an additional 10,962 shares during the period. Keeley Teton Advisors LLC bought a new position in Zayo Group during the 1st quarter valued at about $913,000. Quantamental Technologies LLC bought a new position in Zayo Group during the 1st quarter valued at about $183,000. Xact Kapitalforvaltning AB lifted its stake in Zayo Group by 16.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 39,953 shares of the technology company’s stock valued at $1,315,000 after acquiring an additional 5,515 shares during the period. Finally, Havens Advisors LLC purchased a new stake in shares of Zayo Group during the 2nd quarter valued at about $2,962,000. Institutional investors own 90.10% of the company’s stock.

Zayo Group stock traded down $0.03 during midday trading on Friday, hitting $33.87. The stock had a trading volume of 1,104,305 shares, compared to its average volume of 1,864,753. The firm’s fifty day moving average is $33.62 and its two-hundred day moving average is $30.97. The company has a market capitalization of $7.99 billion, a PE ratio of 54.63, a P/E/G ratio of 10.40 and a beta of 0.77. Zayo Group Holdings Inc has a 52-week low of $20.27 and a 52-week high of $36.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.84.



Zayo Group (NYSE:ZAYO) last released its earnings results on Wednesday, August 21st. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.11. Zayo Group had a net margin of 5.82% and a return on equity of 11.30%. The company had revenue of $650.60 million during the quarter, compared to analyst estimates of $642.86 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Zayo Group Holdings Inc will post 0.65 earnings per share for the current fiscal year.

In other Zayo Group news, COO John F. Jr. Waters sold 15,331 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $33.05, for a total transaction of $506,689.55. Following the completion of the sale, the chief operating officer now directly owns 119,096 shares of the company’s stock, valued at approximately $3,936,122.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sandra Mays sold 3,395 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $33.05, for a total transaction of $112,204.75. Following the sale, the insider now directly owns 55,764 shares of the company’s stock, valued at $1,843,000.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,437,607 shares of company stock valued at $47,051,887. Insiders own 4.50% of the company’s stock.

ZAYO has been the subject of several research reports. Craig Hallum lowered shares of Zayo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Moffett Nathanson lowered shares of Zayo Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. ValuEngine raised shares of Zayo Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. SunTrust Banks lowered shares of Zayo Group from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Finally, Royal Bank of Canada lowered shares of Zayo Group from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $33.00 to $35.00 in a research report on Wednesday, May 8th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Zayo Group presently has a consensus rating of “Hold” and an average target price of $35.02.

Zayo Group 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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Institutional Ownership by Quarter for Zayo Group (NYSE:ZAYO)

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