DekaBank Deutsche Girozentrale decreased its position in Zayo Group Holdings Inc (NYSE:ZAYO) by 7.2% in the first quarter, HoldingsChannel.com reports. The firm owned 18,753 shares of the technology company’s stock after selling 1,461 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Zayo Group were worth $686,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Zayo Group during the 1st quarter worth about $53,000. Ffcm LLC lifted its holdings in Zayo Group by 104.3% during the 4th quarter. Ffcm LLC now owns 2,832 shares of the technology company’s stock worth $65,000 after buying an additional 1,446 shares during the last quarter. Strs Ohio lifted its holdings in Zayo Group by 28.0% during the 1st quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock worth $78,000 after buying an additional 604 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Zayo Group by 1,618.3% during the 1st quarter. Quadrant Capital Group LLC now owns 3,282 shares of the technology company’s stock worth $90,000 after buying an additional 3,091 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Zayo Group by 14.1% during the fourth quarter. American International Group Inc. now owns 5,484 shares of the technology company’s stock worth $125,000 after purchasing an additional 676 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.
Zayo Group stock opened at $32.67 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.84. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 13.19 and a beta of 0.81. Zayo Group Holdings Inc has a 1 year low of $20.27 and a 1 year high of $39.66.
Zayo Group (NYSE:ZAYO) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $647.20 million during the quarter, compared to analyst estimates of $639.98 million. Zayo Group had a return on equity of 9.56% and a net margin of 5.06%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Sell-side analysts predict that Zayo Group Holdings Inc will post 0.5 earnings per share for the current year.
A number of analysts have recently commented on ZAYO shares. Cowen cut Zayo Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $37.00 to $35.00 in a research report on Wednesday, May 15th. ValuEngine upgraded Zayo Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Craig Hallum cut Zayo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Wells Fargo & Co cut Zayo Group from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $34.00 to $35.00 in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada cut Zayo Group from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $33.00 to $35.00 in a research report on Wednesday, May 8th. Thirteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.02.
In other news, CEO Daniel Caruso sold 294,436 shares of Zayo Group stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $32.75, for a total transaction of $9,642,779.00. Following the sale, the chief executive officer now directly owns 380,547 shares in the company, valued at approximately $12,462,914.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard W. Connor sold 15,000 shares of Zayo Group stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $32.67, for a total transaction of $490,050.00. Following the sale, the director now owns 136,174 shares in the company, valued at $4,448,804.58. The disclosure for this sale can be found here. Insiders have sold a total of 987,834 shares of company stock worth $32,314,474 in the last 90 days. 4.50% of the stock is owned by insiders.
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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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