Public Employees Retirement System of Ohio reduced its stake in Zayo Group Holdings Inc (NYSE:ZAYO) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,374 shares of the technology company’s stock after selling 1,478 shares during the period. Public Employees Retirement System of Ohio owned 0.08% of Zayo Group worth $6,149,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in Zayo Group by 53.0% during the 2nd quarter. SG Americas Securities LLC now owns 8,034 shares of the technology company’s stock worth $264,000 after purchasing an additional 2,782 shares during the last quarter. Farallon Capital Management LLC acquired a new stake in Zayo Group during the 2nd quarter worth approximately $92,806,000. GW&K Investment Management LLC grew its stake in shares of Zayo Group by 17.6% in the 2nd quarter. GW&K Investment Management LLC now owns 490,569 shares of the technology company’s stock valued at $16,145,000 after purchasing an additional 73,547 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in shares of Zayo Group in the 2nd quarter valued at approximately $141,703,000. Finally, BlackRock Inc. grew its stake in shares of Zayo Group by 2.8% in the 2nd quarter. BlackRock Inc. now owns 12,877,964 shares of the technology company’s stock valued at $423,813,000 after purchasing an additional 353,946 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.
Shares of Zayo Group stock opened at $34.20 on Tuesday. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 55.16, a price-to-earnings-growth ratio of 13.16 and a beta of 0.72. Zayo Group Holdings Inc has a 52-week low of $20.27 and a 52-week high of $34.35. The company’s 50-day simple moving average is $34.23 and its 200-day simple moving average is $33.61. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.56.
Zayo Group (NYSE:ZAYO) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). Zayo Group had a net margin of 5.66% and a return on equity of 11.34%. The firm had revenue of $638.60 million during the quarter, compared to analyst estimates of $644.17 million. During the same quarter in the previous year, the business earned $0.09 EPS. Zayo Group’s revenue for the quarter was down .4% on a year-over-year basis. Equities research analysts anticipate that Zayo Group Holdings Inc will post 0.71 EPS for the current year.
In other news, Director Richard W. Connor sold 20,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $34.31, for a total value of $686,200.00. Following the completion of the transaction, the director now owns 101,696 shares in the company, valued at approximately $3,489,189.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel Caruso sold 8,141 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $33.75, for a total transaction of $274,758.75. Following the completion of the transaction, the chief executive officer now owns 372,406 shares of the company’s stock, valued at approximately $12,568,702.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,089,803 shares of company stock worth $36,831,348 in the last quarter. 2.40% of the stock is currently owned by insiders.
Separately, ValuEngine cut Zayo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.75.
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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