Private Advisor Group LLC Has $765,000 Holdings in Zayo Group Holdings, Inc. (ZAYO)
Private Advisor Group LLC cut its holdings in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,359 shares of the technology company’s stock after selling 2,329 shares during the period. Private Advisor Group LLC’s holdings in Zayo Group were worth $765,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Hussman Strategic Advisors Inc. acquired a new position in Zayo Group in the 3rd quarter valued at $1,721,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Zayo Group by 10.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 522,662 shares of the technology company’s stock valued at $16,150,000 after acquiring an additional 49,044 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in Zayo Group by 38.5% in the 2nd quarter. State of Wisconsin Investment Board now owns 209,641 shares of the technology company’s stock valued at $6,478,000 after acquiring an additional 58,230 shares during the last quarter. Cibc World Markets Corp acquired a new position in Zayo Group in the 2nd quarter valued at $16,995,000. Finally, Clinton Group Inc. acquired a new position in Zayo Group in the 2nd quarter valued at $1,134,000. Institutional investors own 84.11% of the company’s stock.
In related news, COO Andrew Crouch sold 22,803 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total value of $777,582.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $34.35, for a total value of $161,445,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,637,348 shares of company stock valued at $338,372,529. 5.20% of the stock is owned by insiders.
Several brokerages have weighed in on ZAYO. UBS began coverage on Zayo Group in a report on Tuesday, October 17th. They issued a “buy” rating for the company. Cowen restated a “buy” rating on shares of Zayo Group in a report on Friday, November 10th. TheStreet upgraded Zayo Group from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. BidaskClub upgraded Zayo Group from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Zayo Group in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Zayo Group has an average rating of “Hold” and an average target price of $38.92.
Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) traded up $0.01 during midday trading on Friday, reaching $34.42. The company had a trading volume of 1,286,960 shares, compared to its average volume of 2,151,647. Zayo Group Holdings, Inc. has a 52-week low of $29.30 and a 52-week high of $36.79. The firm has a market cap of $8,514.34, a P/E ratio of 76.49, a P/E/G ratio of 14.01 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81.
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About Zayo Group
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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