Zayo Group Holdings Inc (ZAYO) Position Boosted by Guggenheim Capital LLC

Guggenheim Capital LLC boosted its position in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,932 shares of the technology company’s stock after buying an additional 6,026 shares during the period. Guggenheim Capital LLC’s holdings in Zayo Group Holdings were worth $1,904,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ZAYO. Public Employees Retirement Association of Colorado increased its position in shares of Zayo Group Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,262 shares of the technology company’s stock worth $156,000 after buying an additional 21 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Zayo Group Holdings by 0.4% in the fourth quarter. Private Advisor Group LLC now owns 28,519 shares of the technology company’s stock worth $886,000 after buying an additional 119 shares during the last quarter. Mycio Wealth Partners LLC raised its stake in shares of Zayo Group Holdings by 1.0% in the third quarter. Mycio Wealth Partners LLC now owns 45,722 shares of the technology company’s stock worth $1,358,000 after buying an additional 435 shares during the period. TCW Group Inc. raised its stake in shares of Zayo Group Holdings by 2.0% in the fourth quarter. TCW Group Inc. now owns 35,685 shares of the technology company’s stock worth $1,173,000 after buying an additional 686 shares during the period. Finally, J. Goldman & Co LP raised its stake in shares of Zayo Group Holdings by 2.5% in the fourth quarter. J. Goldman & Co LP now owns 41,100 shares of the technology company’s stock worth $1,351,000 after buying an additional 1,000 shares during the period. 67.35% of the stock is owned by institutional investors.

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

Zayo Group Holdings Inc (NYSE:ZAYO) traded up 0.09% on Thursday, hitting $34.02. 568,989 shares of the company traded hands. The stock’s 50-day moving average is $32.80 and its 200 day moving average is $32.39. Zayo Group Holdings Inc has a 12 month low of $24.84 and a 12 month high of $35.65. The stock’s market cap is $8.30 billion.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings results on Thursday, February 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business earned $506.70 million during the quarter, compared to analyst estimates of $514.71 million. Zayo Group Holdings had a negative net margin of 0.74% and a positive return on equity of 1.53%. The firm’s revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. Equities research analysts expect that Zayo Group Holdings Inc will post $0.36 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on ZAYO. Cowen and Company reissued an “outperform” rating on shares of Zayo Group Holdings in a report on Wednesday. Barclays PLC reaffirmed an “overweight” rating and issued a $38.00 price target on shares of Zayo Group Holdings in a report on Thursday, March 30th. Zacks Investment Research lowered shares of Zayo Group Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 price target on shares of Zayo Group Holdings in a report on Friday, March 17th. Finally, FBR & Co lowered shares of Zayo Group Holdings from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $30.00 to $25.00 in a report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $35.64.

In other news, CEO Daniel Caruso sold 97,070 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $32.81, for a total value of $3,184,866.70. Following the completion of the sale, the chief executive officer now directly owns 4,395,185 shares of the company’s stock, valued at $144,206,019.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth Desgarennes sold 38,885 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $31.27, for a total transaction of $1,215,933.95. Following the transaction, the chief financial officer now directly owns 1,016,606 shares in the company, valued at approximately $31,789,269.62. The disclosure for this sale can be found here. Insiders sold 764,814 shares of company stock valued at $25,012,583 over the last three months. 5.80% of the stock is owned by insiders.

Zayo Group Holdings Company Profile

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

5 Day Chart for NYSE:ZAYO

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