Macquarie Group Ltd. lifted its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 40.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,422 shares of the technology company’s stock after buying an additional 24,022 shares during the period. Macquarie Group Ltd.’s holdings in Zayo Group were worth $2,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Carmignac Gestion acquired a new position in shares of Zayo Group in the second quarter worth about $150,427,000. Neuberger Berman Group LLC lifted its stake in shares of Zayo Group by 43,789.5% in the second quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock worth $83,677,000 after acquiring an additional 2,701,815 shares in the last quarter. USS Investment Management Ltd acquired a new position in shares of Zayo Group in the second quarter worth about $63,335,000. Janus Henderson Group PLC lifted its stake in shares of Zayo Group by 13,304.8% in the second quarter. Janus Henderson Group PLC now owns 1,420,376 shares of the technology company’s stock worth $43,890,000 after acquiring an additional 1,409,780 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Zayo Group by 8.9% in the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after acquiring an additional 1,127,326 shares in the last quarter. 84.11% of the stock is owned by institutional investors.

Several research firms recently commented on ZAYO. TheStreet cut Zayo Group from a “b-” rating to a “c+” rating in a research note on Monday, November 13th. Cowen reiterated a “buy” rating on shares of Zayo Group in a research note on Friday, November 10th. Zacks Investment Research cut Zayo Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Oppenheimer reiterated a “buy” rating and issued a $42.00 price target on shares of Zayo Group in a research note on Tuesday, November 7th. Finally, BidaskClub upgraded Zayo Group from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.46.

In other news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total transaction of $161,445,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matt Steinfort sold 812 shares of the company’s stock in a transaction that occurred on 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 have sold 9,637,348 shares of company stock worth $338,372,529 in the last 90 days. 5.20% of the stock is currently owned by insiders.

Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) traded up $0.01 during midday trading on Monday, reaching $35.35. The company’s stock had a trading volume of 2,668,900 shares, compared to its average volume of 2,348,723. Zayo Group Holdings, Inc. has a 12-month low of $29.30 and a 12-month high of $36.79. The firm has a market capitalization of $8,630.00, a PE ratio of 78.56, a P/E/G ratio of 14.39 and a beta of 0.53. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91.

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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.

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

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