Zayo Group Holdings, Inc. (NYSE:ZAYO) Shares Bought by Comerica Bank

Comerica Bank raised its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 3.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,702 shares of the technology company’s stock after buying an additional 238 shares during the period. Comerica Bank’s holdings in Zayo Group Holdings were worth $233,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dodge & Cox acquired a new stake in shares of Zayo Group Holdings during the fourth quarter valued at approximately $478,647,000. Canada Pension Plan Investment Board boosted its stake in shares of Zayo Group Holdings by 7,453.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,735,209 shares of the technology company’s stock valued at $89,988,000 after buying an additional 2,699,000 shares during the period. Manning & Napier Advisors LLC boosted its stake in shares of Zayo Group Holdings by 87.5% in the first quarter. Manning & Napier Advisors LLC now owns 5,504,715 shares of the technology company’s stock valued at $181,104,000 after buying an additional 2,569,425 shares during the period. State Street Corp boosted its stake in shares of Zayo Group Holdings by 54.0% in the fourth quarter. State Street Corp now owns 2,727,533 shares of the technology company’s stock valued at $89,629,000 after buying an additional 956,348 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Zayo Group Holdings by 1,760.3% in the first quarter. Great West Life Assurance Co. Can now owns 954,425 shares of the technology company’s stock valued at $31,415,000 after buying an additional 903,119 shares during the period. 74.59% of the stock is owned by institutional investors and hedge funds.

Zayo Group Holdings, Inc. (ZAYO) traded up 0.06% during trading on Friday, reaching $32.33. The company’s stock had a trading volume of 1,640,922 shares. The company has a market cap of $7.95 billion, a P/E ratio of 230.93 and a beta of 0.54. Zayo Group Holdings, Inc. has a 52 week low of $27.62 and a 52 week high of $35.65. The company’s 50 day moving average price is $31.47 and its 200 day moving average price is $32.17.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. Zayo Group Holdings had a net margin of 1.53% and a return on equity of 5.47%. The company had revenue of $550.20 million during the quarter, compared to the consensus estimate of $545.63 million. During the same period in the prior year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities analysts anticipate that Zayo Group Holdings, Inc. will post $0.39 earnings per share for the current fiscal year.

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ZAYO has been the subject of several recent analyst reports. Citigroup Inc. raised their target price on Zayo Group Holdings from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Zayo Group Holdings in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) cut Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 19th. Zacks Investment Research raised Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, May 3rd. Finally, BidaskClub cut Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.85.

In other news, CEO Daniel Caruso sold 154,402 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $32.38, for a total transaction of $4,999,536.76. Following the completion of the transaction, the chief executive officer now directly owns 4,608,165 shares in the company, valued at approximately $149,212,382.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John F. Jr. Waters sold 9,220 shares of the stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $30.18, for a total transaction of $278,259.60. Following the transaction, the insider now owns 41,586 shares of the company’s stock, valued at $1,255,065.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 509,943 shares of company stock valued at $16,164,911. Company insiders own 5.80% of the company’s stock.

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.

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

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