Ladenburg Thalmann Financial Services Inc. Boosts Position in Zayo Group Holdings Inc (ZAYO)

Ladenburg Thalmann Financial Services Inc. increased its holdings in Zayo Group Holdings Inc (NYSE:ZAYO) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,499 shares of the technology company’s stock after buying an additional 2,057 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Zayo Group were worth $1,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Zayo Group by 8.0% in the fourth quarter. BlackRock Inc. now owns 12,094,964 shares of the technology company’s stock worth $445,095,000 after buying an additional 900,414 shares during the last quarter. Pennant Capital Management LLC lifted its holdings in Zayo Group by 6.7% during the fourth quarter. Pennant Capital Management LLC now owns 1,068,438 shares of the technology company’s stock valued at $39,319,000 after purchasing an additional 66,767 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in Zayo Group by 20.7% during the fourth quarter. OppenheimerFunds Inc. now owns 759,531 shares of the technology company’s stock valued at $27,951,000 after purchasing an additional 130,355 shares in the last quarter. First Trust Advisors LP lifted its holdings in Zayo Group by 46.6% during the fourth quarter. First Trust Advisors LP now owns 345,579 shares of the technology company’s stock valued at $12,717,000 after purchasing an additional 109,901 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Zayo Group by 0.9% during the fourth quarter. Deutsche Bank AG now owns 2,401,328 shares of the technology company’s stock valued at $88,360,000 after purchasing an additional 21,744 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of Zayo Group in a report on Saturday, April 21st. Deutsche Bank raised shares of Zayo Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $37.00 to $42.00 in a report on Wednesday, April 18th. Bank of America assumed coverage on shares of Zayo Group in a report on Friday, May 18th. They set a “buy” rating and a $43.00 price target on the stock. UBS Group raised shares of Zayo Group from a “market perform” rating to an “outperform” rating in a report on Friday, April 13th. Finally, Rabobank International raised shares of Zayo Group from a “market perform” rating to an “outperform” rating in a report on Sunday, April 15th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.40.

Zayo Group opened at $36.07 on Thursday, Marketbeat.com reports. The company has a market cap of $9.04 billion, a PE ratio of 90.18, a P/E/G ratio of 13.83 and a beta of 0.49. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.77. Zayo Group Holdings Inc has a 1 year low of $29.73 and a 1 year high of $37.95.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $649.40 million for the quarter, compared to analysts’ expectations of $652.84 million. Zayo Group had a net margin of 3.15% and a return on equity of 9.31%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. analysts anticipate that Zayo Group Holdings Inc will post 0.53 earnings per share for the current fiscal year.

In other news, CEO Daniel Caruso sold 265,252 shares of Zayo Group stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $37.70, for a total transaction of $10,000,000.40. Following the sale, the chief executive officer now owns 3,686,256 shares in the company, valued at $138,971,851.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Andrew Crouch sold 14,356 shares of Zayo Group stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $35.56, for a total transaction of $510,499.36. Following the sale, the chief operating officer now owns 105,767 shares in the company, valued at approximately $3,761,074.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 295,523 shares of company stock worth $11,081,470. Company insiders own 5.20% of the company’s stock.

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.

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

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