Stoneridge Investment Partners LLC lowered its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 55.8% during the second quarter, Holdings Channel reports. The institutional investor owned 6,577 shares of the technology company’s stock after selling 8,298 shares during the period. Stoneridge Investment Partners LLC’s holdings in Zayo Group Holdings were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Zayo Group Holdings by 12.7% in the first quarter. Vanguard Group Inc. now owns 12,658,989 shares of the technology company’s stock valued at $416,480,000 after buying an additional 1,428,585 shares in the last quarter. BlackRock Inc. boosted its position in shares of Zayo Group Holdings by 5,686.4% in the first quarter. BlackRock Inc. now owns 9,393,691 shares of the technology company’s stock valued at $309,054,000 after buying an additional 9,231,349 shares in the last quarter. State Street Corp boosted its position in shares of Zayo Group Holdings by 4.3% in the first quarter. State Street Corp now owns 2,844,800 shares of the technology company’s stock valued at $93,593,000 after buying an additional 117,267 shares in the last quarter. Canada Pension Plan Investment Board boosted its position 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 in the last quarter. Finally, Jana Partners LLC boosted its position in shares of Zayo Group Holdings by 137.3% in the first quarter. Jana Partners LLC now owns 2,435,848 shares of the technology company’s stock valued at $80,139,000 after buying an additional 1,409,307 shares in the last quarter. 74.40% of the stock is currently owned by institutional investors.

Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) opened at 33.82 on Friday. The firm has a 50-day moving average of $31.76 and a 200-day moving average of $32.27. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 260.15 and a beta of 0.56. Zayo Group Holdings, Inc. has a 12 month low of $27.74 and a 12 month high of $35.65.

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ZAYO has been the topic of several recent research reports. J P Morgan Chase & Co cut shares of Zayo Group Holdings from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $35.00 to $36.00 in a report on Wednesday, May 10th. Pacific Crest reaffirmed an “equal weight” rating on shares of Zayo Group Holdings in a report on Friday, June 23rd. BidaskClub raised shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Friday. Goldman Sachs Group, Inc. (The) cut shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a report on Friday, May 19th. Finally, Zacks Investment Research raised shares of Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $37.85.

In other news, insider John F. Jr. Waters sold 9,220 shares of the stock in a transaction on Thursday, July 6th. The shares were 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 of the company’s stock, valued at approximately $1,255,065.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Caruso sold 152,900 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $32.70, for a total transaction of $4,999,830.00. Following the completion of the transaction, the chief executive officer now directly owns 4,608,165 shares in the company, valued at approximately $150,686,995.50. The disclosure for this sale can be found here. Insiders have sold a total of 637,306 shares of company stock worth $20,270,946 in the last ninety days. 5.80% of the stock is currently 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.

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

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