Westfield Capital Management Co. LP Has $24.68 Million Position in Zayo Group Holdings, Inc. (ZAYO)

Westfield Capital Management Co. LP increased its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 716,929 shares of the technology company’s stock after buying an additional 107,529 shares during the quarter. Westfield Capital Management Co. LP owned about 0.29% of Zayo Group worth $24,677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ZAYO. Thompson Davis & CO. Inc. lifted its position in shares of Zayo Group by 2,600.0% during the third quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,250 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of Zayo Group during the second quarter worth $142,000. Rehmann Capital Advisory Group bought a new stake in shares of Zayo Group during the third quarter worth $212,000. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Zayo Group by 1.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock worth $230,000 after purchasing an additional 122 shares during the last quarter. Finally, Cadence Capital Management LLC bought a new stake in shares of Zayo Group during the third quarter worth $232,000. Institutional investors own 84.11% of the company’s stock.

In related news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of Zayo Group stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total value of $161,445,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matt Steinfort sold 812 shares of Zayo Group stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $34.95, for a total value of $28,379.40. The disclosure for this sale can be found here. Insiders sold 9,637,348 shares of company stock valued at $338,372,529 over the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Zayo Group Holdings, Inc. (NYSE ZAYO) traded down $0.68 during mid-day trading on Tuesday, hitting $34.67. The company had a trading volume of 2,062,600 shares, compared to its average volume of 2,347,495. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $8,744.37, a P/E ratio of 78.56, a P/E/G ratio of 14.39 and a beta of 0.53. Zayo Group Holdings, Inc. has a 12-month low of $29.30 and a 12-month high of $36.79.

ZAYO has been the subject of several research analyst reports. TheStreet upgraded Zayo Group from a “c” rating to a “b-” rating in a research report on Tuesday, October 17th. Oppenheimer reiterated a “buy” rating and set a $42.00 target price on shares of Zayo Group in a research report on Wednesday, September 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Zayo Group in a research report on Tuesday, August 22nd. Cowen reiterated a “buy” rating on shares of Zayo Group in a research report on Friday, August 11th. Finally, UBS initiated coverage on Zayo Group in a research report on Tuesday, October 17th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.46.

COPYRIGHT VIOLATION NOTICE: This report was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/12/05/westfield-capital-management-co-lp-has-24-68-million-position-in-zayo-group-holdings-inc-zayo.html.

Zayo Group 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 (NYSE:ZAYO)

Receive News & Ratings for Zayo Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply