W.E. Donoghue & Co. LLC Takes Position in Zayo Group Holdings Inc (NYSE:ZAYO)

W.E. Donoghue & Co. LLC purchased a new stake in Zayo Group Holdings Inc (NYSE:ZAYO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 78,619 shares of the technology company’s stock, valued at approximately $2,587,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZAYO. Nisa Investment Advisors LLC boosted its stake in Zayo Group by 9.5% during the second quarter. Nisa Investment Advisors LLC now owns 5,145 shares of the technology company’s stock valued at $169,000 after buying an additional 445 shares during the period. Daiwa Securities Group Inc. boosted its stake in Zayo Group by 7.6% during the first quarter. Daiwa Securities Group Inc. now owns 7,750 shares of the technology company’s stock valued at $220,000 after buying an additional 550 shares during the period. Advisory Services Network LLC boosted its stake in Zayo Group by 138.5% during the first quarter. Advisory Services Network LLC now owns 992 shares of the technology company’s stock valued at $28,000 after buying an additional 576 shares during the period. Elk Creek Partners LLC boosted its stake in Zayo Group by 0.6% during the first quarter. Elk Creek Partners LLC now owns 105,777 shares of the technology company’s stock valued at $3,006,000 after buying an additional 582 shares during the period. Finally, Strs Ohio boosted its stake in Zayo Group by 28.0% during the first quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock valued at $78,000 after buying an additional 604 shares during the period. Institutional investors own 92.67% of the company’s stock.

In other news, insider Sandra Mays sold 3,395 shares of Zayo Group stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $33.05, for a total value of $112,204.75. Following the transaction, the insider now owns 55,764 shares in the company, valued at $1,843,000.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Daniel Caruso sold 655,585 shares of Zayo Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $32.76, for a total value of $21,476,964.60. Following the completion of the transaction, the chief executive officer now owns 380,547 shares in the company, valued at approximately $12,466,719.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,437,607 shares of company stock worth $47,051,887. Company insiders own 4.50% of the company’s stock.

Several equities research analysts recently issued reports on the company. Wells Fargo & Co lowered Zayo Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $34.00 to $35.00 in a research note on Wednesday, May 8th. Cowen lowered Zayo Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $37.00 to $35.00 in a research note on Wednesday, May 15th. SunTrust Banks lowered Zayo Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Citigroup lowered Zayo Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $35.00 in a research note on Thursday, May 16th. Finally, UBS Group lifted their price target on Zayo Group from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Thirteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.02.

Shares of ZAYO traded up $0.02 during trading hours on Friday, hitting $33.77. The company had a trading volume of 1,391,701 shares, compared to its average volume of 1,697,942. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 55.36, a P/E/G ratio of 10.27 and a beta of 0.77. The company’s 50 day moving average is $33.27. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.84. Zayo Group Holdings Inc has a 52-week low of $20.27 and a 52-week high of $38.19.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The company had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $639.98 million. Zayo Group had a return on equity of 9.56% and a net margin of 5.06%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, equities research analysts forecast that Zayo Group Holdings Inc will post 0.5 earnings per share for the current fiscal year.

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

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