Dai Ichi Life Insurance Company Ltd bought a new position in Zayo Group Holdings, Inc. (NYSE:ZAYO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 106,052 shares of the technology company’s stock, valued at approximately $3,277,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd purchased a new position in Zayo Group Holdings in the first quarter valued at about $151,000. Daiwa Securities Group Inc. raised its position in Zayo Group Holdings by 475.0% in the first quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the technology company’s stock valued at $151,000 after purchasing an additional 3,800 shares during the period. Nordea Investment Management AB raised its position in Zayo Group Holdings by 6.8% in the first quarter. Nordea Investment Management AB now owns 5,240 shares of the technology company’s stock valued at $172,000 after purchasing an additional 335 shares during the period. Meadow Creek Investment Management LLC raised its position in Zayo Group Holdings by 113.6% in the first quarter. Meadow Creek Investment Management LLC now owns 5,536 shares of the technology company’s stock valued at $182,000 after purchasing an additional 2,944 shares during the period. Finally, Neuberger Berman Group LLC purchased a new position in Zayo Group Holdings in the first quarter valued at about $203,000. 78.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Zayo Group Holdings, Inc. (NYSE ZAYO) opened at 34.69 on Wednesday. Zayo Group Holdings, Inc. has a 52 week low of $28.15 and a 52 week high of $35.65. The firm has a market capitalization of $8.55 billion, a P/E ratio of 99.11 and a beta of 0.55. The stock’s 50 day moving average price is $33.52 and its 200 day moving average price is $32.67.

Zayo Group Holdings (NYSE:ZAYO) last released its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.13) EPS. On average, analysts predict that Zayo Group Holdings, Inc. will post $0.59 EPS for the current fiscal year.

WARNING: This news story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/13/dai-ichi-life-insurance-company-ltd-buys-shares-of-106052-zayo-group-holdings-inc-zayo.html.

In other news, insider John F. Jr. Waters sold 9,220 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $30.18, for a total transaction of $278,259.60. Following the completion of the transaction, the insider now owns 41,586 shares of the company’s stock, valued at $1,255,065.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth Desgarennes sold 38,885 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.08, for a total transaction of $1,325,200.80. Following the transaction, the chief financial officer now directly owns 1,018,044 shares of the company’s stock, valued at approximately $34,694,939.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 882,516 shares of company stock valued at $28,761,747. Company insiders own 5.80% of the company’s stock.

ZAYO has been the topic of several research reports. Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) lowered Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 19th. Pacific Crest reissued an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Finally, BidaskClub raised Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Zayo Group Holdings currently has a consensus rating of “Hold” and a consensus price target of $38.36.

About Zayo Group Holdings

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)

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.