Connable Office Inc. increased its position in Zayo Group Holdings Inc (NYSE:ZAYO) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,161 shares of the technology company’s stock after acquiring an additional 22,974 shares during the period. Zayo Group makes up about 0.8% of Connable Office Inc.’s portfolio, making the stock its 20th biggest holding. Connable Office Inc.’s holdings in Zayo Group were worth $3,907,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Thompson Davis & CO. Inc. raised its stake in 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 worth $116,000 after acquiring an additional 3,250 shares during the last quarter. Cerebellum GP LLC purchased a new position in Zayo Group in the 4th quarter worth $126,000. SG Americas Securities LLC acquired a new stake in Zayo Group during the 4th quarter worth about $141,000. Rehmann Capital Advisory Group acquired a new stake in Zayo Group during the 3rd quarter worth about $212,000. Finally, Cadence Capital Management LLC acquired a new stake in Zayo Group during the 3rd quarter worth about $232,000. Institutional investors own 84.71% of the company’s stock.
Several equities research analysts have weighed in on the company. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 price target on shares of Zayo Group in a research report on Thursday, December 7th. UBS Group assumed coverage on Zayo Group in a research report on Tuesday, October 17th. They set a “buy” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Zayo Group in a research report on Friday. Barclays reaffirmed a “buy” rating and set a $41.00 price target on shares of Zayo Group in a research report on Friday, January 19th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $42.00 price target on shares of Zayo Group in a research report on Tuesday, November 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Zayo Group presently has a consensus rating of “Buy” and an average price target of $41.09.
In other news, CEO Daniel Caruso sold 17,950 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $37.76, for a total transaction of $677,792.00. Following the sale, the chief executive officer now directly owns 4,274,654 shares in the company, valued at approximately $161,410,935.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John F. Jr. Waters sold 10,711 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $36.14, for a total value of $387,095.54. Following the sale, the insider now owns 73,244 shares in the company, valued at $2,647,038.16. The disclosure for this sale can be found here. Insiders have sold a total of 4,992,882 shares of company stock worth $179,430,128 over the last 90 days. Insiders own 5.20% of the company’s stock.
Shares of Zayo Group Holdings Inc (NYSE ZAYO) opened at $35.23 on Monday. Zayo Group Holdings Inc has a 12-month low of $29.73 and a 12-month high of $37.95. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $8,680.00, a PE ratio of 103.62, a PEG ratio of 14.34 and a beta of 0.47.
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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.
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