Canada Pension Plan Investment Board cut its position in shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 2,713,009 shares of the technology company’s stock after selling 22,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Zayo Group Holdings were worth $83,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shell Asset Management Co. boosted its position in Zayo Group Holdings by 0.7% in the second quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock worth $478,000 after buying an additional 111 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in Zayo Group Holdings by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock worth $230,000 after buying an additional 122 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Zayo Group Holdings by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 53,200 shares of the technology company’s stock worth $1,750,000 after buying an additional 200 shares during the last quarter. Comerica Bank boosted its position in Zayo Group Holdings by 3.7% in the first quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock worth $233,000 after buying an additional 238 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Zayo Group Holdings by 1.7% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,130 shares of the technology company’s stock worth $596,000 after buying an additional 300 shares during the last quarter. 74.40% of the stock is owned by hedge funds and other institutional investors.

Shares of Zayo Group Holdings, Inc. (NYSE ZAYO) opened at 34.33 on Thursday. Zayo Group Holdings, Inc. has a 1-year low of $27.74 and a 1-year high of $35.65. The firm has a 50-day moving average price of $31.62 and a 200 day moving average price of $32.24. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 264.08 and a beta of 0.56.

Zayo Group Holdings (NYSE:ZAYO) last announced its earnings results on Tuesday, May 9th. The technology company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Zayo Group Holdings had a return on equity of 5.47% and a net margin of 1.53%. The firm had revenue of $550.20 million for the quarter, compared to the consensus estimate of $545.63 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The company’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Zayo Group Holdings, Inc. will post $0.39 EPS for the current fiscal year.

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A number of research analysts have issued reports on the company. BidaskClub cut Zayo Group Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Goldman Sachs Group, Inc. (The) cut Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research note on Friday, May 19th. Zacks Investment Research raised Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, May 3rd. Citigroup Inc. boosted their target price on Zayo Group Holdings from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Finally, Cowen and Company reissued an “outperform” rating on shares of Zayo Group Holdings in a research note on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.85.

In other news, insider John F. Jr. Waters sold 9,220 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $30.18, for a total value of $278,259.60. Following the transaction, the insider now owns 41,586 shares in the company, valued at approximately $1,255,065.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Caruso sold 154,402 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $32.38, for a total value of $4,999,536.76. Following the completion of the transaction, the chief executive officer now owns 4,608,165 shares in the company, valued at approximately $149,212,382.70. The disclosure for this sale can be found here. Insiders sold a total of 637,306 shares of company stock worth $20,270,946 in the last 90 days. 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.

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

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