Reinhart Partners Inc. Acquires New Stake in Zayo Group Holdings Inc (ZAYO)

Reinhart Partners Inc. acquired a new stake in Zayo Group Holdings Inc (NYSE:ZAYO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 376,230 shares of the technology company’s stock, valued at approximately $13,845,000. Reinhart Partners Inc. owned about 0.15% of Zayo Group at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Thompson Davis & CO. Inc. grew its position in shares of 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 last quarter. Mutual of America Capital Management LLC purchased a new position in shares of Zayo Group in the 2nd quarter valued at $142,000. Rehmann Capital Advisory Group purchased a new position in shares of Zayo Group in the 3rd quarter valued at $212,000. Cadence Capital Management LLC purchased a new position in shares of Zayo Group in the 3rd quarter valued at $232,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Zayo Group during the 3rd quarter worth $235,000. 84.50% of the stock is currently owned by institutional investors.

Shares of Zayo Group Holdings Inc (NYSE:ZAYO) traded up $0.35 on Monday, hitting $35.98. 1,512,200 shares of the stock were exchanged, compared to its average volume of 1,513,154. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $8,950.00, a P/E ratio of 94.68, a PEG ratio of 14.64 and a beta of 0.53. Zayo Group Holdings Inc has a 1-year low of $29.73 and a 1-year high of $37.26.

Zayo Group (NYSE:ZAYO) last announced its quarterly earnings results on Monday, November 6th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Zayo Group had a net margin of 3.99% and a return on equity of 8.01%. equities analysts forecast that Zayo Group Holdings Inc will post 0.49 EPS for the current fiscal year.

In other Zayo Group news, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $35.90, for a total transaction of $168,730,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard W. Connor sold 1,091 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $36.76, for a total transaction of $40,105.16. Following the transaction, the director now owns 147,169 shares of the company’s stock, valued at $5,409,932.44. The disclosure for this sale can be found here. Insiders sold a total of 4,974,932 shares of company stock valued at $178,752,336 in the last quarter. Insiders own 5.20% of the company’s stock.

A number of brokerages recently weighed in on ZAYO. Barclays reiterated a “buy” rating and set a $41.00 price target on shares of Zayo Group in a research note on Friday. Citigroup restated a “buy” rating on shares of Zayo Group in a research note on Thursday, December 14th. Morgan Stanley upgraded shares of Zayo Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $33.00 to $40.00 in a research note on Tuesday, December 12th. SunTrust Banks restated a “buy” rating and issued a $45.00 target price on shares of Zayo Group in a research note on Thursday, December 7th. Finally, TheStreet cut shares of Zayo Group from a “b-” rating to a “c+” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.36.

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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.

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

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