Cibc World Markets Corp purchased a new stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 550,000 shares of the technology company’s stock, valued at approximately $16,995,000. Cibc World Markets Corp owned about 0.22% of Zayo Group Holdings as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mutual of America Capital Management LLC acquired a new position in shares of Zayo Group Holdings in the 2nd quarter valued at $142,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Zayo Group Holdings in the 1st quarter valued at $151,000. Nordea Investment Management AB lifted its stake in shares of Zayo Group Holdings by 6.8% in the 1st 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 last quarter. Meadow Creek Investment Management LLC lifted its stake in shares of Zayo Group Holdings by 113.6% in the 1st 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 last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Zayo Group Holdings in the 1st quarter valued at $203,000. 78.91% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) traded down 0.90% during midday trading on Friday, reaching $34.19. The company’s stock had a trading volume of 1,766,878 shares. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 97.69 and a beta of 0.55. The firm’s 50 day moving average is $33.99 and its 200 day moving average is $32.82. Zayo Group Holdings, Inc. has a 52 week low of $29.10 and a 52 week high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last announced its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The business had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $642.67 million. During the same period in the previous year, the firm posted ($0.13) earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. Equities analysts forecast that Zayo Group Holdings, Inc. will post $0.63 EPS for the current fiscal year.

Several equities analysts have recently commented on ZAYO shares. BidaskClub raised Zayo Group Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Pacific Crest reaffirmed an “equal weight” rating on shares of Zayo Group Holdings in a research note on Friday, June 23rd. Zacks Investment Research lowered Zayo Group Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Cowen and Company reaffirmed a “buy” rating on shares of Zayo Group Holdings in a research note on Friday, August 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Zayo Group Holdings in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.36.

In related news, CEO Daniel Caruso sold 101,840 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $30.30, for a total value of $3,085,752.00. Following the completion of the sale, the chief executive officer now directly owns 4,645,393 shares of the company’s stock, valued at $140,755,407.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kenneth Desgarennes sold 20,318 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $30.22, for a total value of $614,009.96. Following the completion of the sale, the chief financial officer now directly owns 1,095,852 shares of the company’s stock, valued at $33,116,647.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,543,631 shares of company stock worth $188,981,092. Corporate insiders own 5.80% of the company’s stock.

Zayo Group Holdings 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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