Jefferies Group LLC grew its position in shares of Zayo Group Holdings (NYSE:ZAYO) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,804 shares of the technology company’s stock after purchasing an additional 8,746 shares during the period. Jefferies Group LLC’s holdings in Zayo Group were worth $1,281,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Zayo Group by 9.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,018 shares of the technology company’s stock worth $280,000 after acquiring an additional 775 shares during the period. Congress Asset Management Co. MA lifted its position in Zayo Group by 0.8% in the 4th quarter. Congress Asset Management Co. MA now owns 203,004 shares of the technology company’s stock valued at $7,471,000 after acquiring an additional 1,605 shares in the last quarter. Aperio Group LLC lifted its position in Zayo Group by 5.8% in the 4th quarter. Aperio Group LLC now owns 29,806 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 1,628 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Zayo Group by 4.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,485 shares of the technology company’s stock valued at $1,497,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Amalgamated Bank lifted its position in Zayo Group by 5.8% in the 4th quarter. Amalgamated Bank now owns 37,202 shares of the technology company’s stock valued at $1,369,000 after acquiring an additional 2,023 shares in the last quarter. 87.25% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Daniel Caruso sold 12,500 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $36.70, for a total transaction of $458,750.00. Following the completion of the transaction, the chief executive officer now owns 4,286,654 shares in the company, valued at approximately $157,320,201.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Fund X/C Lp Gtcr sold 4,675,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $37.05, for a total transaction of $173,208,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,469,505 shares of company stock valued at $202,110,633. Insiders own 5.20% of the company’s stock.
Several equities analysts have recently weighed in on the company. Citigroup reissued a “buy” rating on shares of Zayo Group in a report on Thursday, December 14th. Morgan Stanley raised their target price on Zayo Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. SunTrust Banks increased their price target on Zayo Group to $45.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays restated a “buy” rating and set a $41.00 price objective on shares of Zayo Group in a research report on Friday, January 19th. Finally, Zacks Investment Research upgraded Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Saturday, February 10th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Zayo Group currently has an average rating of “Buy” and a consensus target price of $41.70.
Shares of ZAYO traded down $0.17 during trading hours on Friday, reaching $36.28. 2,298,471 shares of the company traded hands, compared to its average volume of 2,435,246. The firm has a market capitalization of $9,041.94, a PE ratio of 90.70, a price-to-earnings-growth ratio of 20.25 and a beta of 0.53. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.99 and a quick ratio of 0.99. Zayo Group Holdings has a 12-month low of $29.73 and a 12-month high of $37.95.
Zayo Group (NYSE:ZAYO) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $653.50 million during the quarter, compared to the consensus estimate of $650.79 million. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. research analysts anticipate that Zayo Group Holdings will post 0.36 EPS for the current fiscal year.
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About Zayo Group
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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