Maven Securities LTD Makes New $2.96 Million Investment in Zayo Group Holdings Inc (NYSE:ZAYO)

Maven Securities LTD acquired a new position in shares of Zayo Group Holdings Inc (NYSE:ZAYO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 89,500 shares of the technology company’s stock, valued at approximately $2,962,000. Zayo Group makes up approximately 2.0% of Maven Securities LTD’s investment portfolio, making the stock its 17th largest holding.

A number of other large investors have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its position in shares of Zayo Group by 3.2% in the second quarter. CIBC Private Wealth Group LLC now owns 10,454 shares of the technology company’s stock worth $344,000 after purchasing an additional 323 shares in the last quarter. First Mercantile Trust Co. increased its stake in Zayo Group by 2.0% in the 2nd quarter. First Mercantile Trust Co. now owns 20,869 shares of the technology company’s stock valued at $687,000 after buying an additional 405 shares during the period. Nisa Investment Advisors LLC lifted its position in Zayo Group by 9.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,145 shares of the technology company’s stock worth $169,000 after buying an additional 445 shares in the last quarter. Toronto Dominion Bank lifted its position in Zayo Group by 1.3% in the 2nd quarter. Toronto Dominion Bank now owns 36,664 shares of the technology company’s stock worth $1,206,000 after buying an additional 460 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Zayo Group by 138.5% during the 1st 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. 88.24% of the stock is currently owned by institutional investors.

Shares of ZAYO stock traded up $0.09 during mid-day trading on Wednesday, reaching $33.88. The stock had a trading volume of 524,079 shares, compared to its average volume of 3,038,474. Zayo Group Holdings Inc has a one year low of $20.27 and a one year high of $35.68. The firm has a market cap of $7.99 billion, a PE ratio of 54.65, a P/E/G ratio of 9.07 and a beta of 0.77. The firm’s 50 day simple moving average is $33.74 and its 200 day simple moving average is $31.66. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.48.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings data on Wednesday, August 21st. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. Zayo Group had a return on equity of 11.27% and a net margin of 5.82%. The business had revenue of $650.60 million for the quarter, compared to analysts’ expectations of $642.86 million. During the same period in the previous year, the business posted $0.18 earnings per share. Zayo Group’s quarterly revenue was down 1.0% on a year-over-year basis. Sell-side analysts forecast that Zayo Group Holdings Inc will post 0.75 earnings per share for the current fiscal year.

ZAYO has been the topic of a number of research reports. Raymond James downgraded shares of Zayo Group from an “outperform” rating to a “market perform” rating and set a $32.74 price target on the stock. in a research note on Wednesday, May 22nd. Cowen cut Zayo Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $37.00 to $35.00 in a research report on Wednesday, May 15th. SunTrust Banks downgraded 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 target price for the stock from $38.00 to $35.00 in a research report on Thursday, May 16th. Finally, ValuEngine downgraded Zayo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $33.85.

In other Zayo Group news, CEO Daniel Caruso sold 432,200 shares of Zayo Group stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $32.65, for a total transaction of $14,111,330.00. Following the sale, the chief executive officer now directly owns 380,547 shares of the company’s stock, valued at $12,424,859.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra Mays sold 3,395 shares of Zayo Group stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $33.05, for a total value of $112,204.75. Following the sale, the insider now directly owns 55,764 shares in the company, valued at $1,843,000.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 466,955 shares of company stock valued at $15,265,681. Corporate insiders own 4.50% 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.

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

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