Three Peaks Capital Management LLC cut its holdings in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 219,547 shares of the technology company’s stock after selling 15,150 shares during the period. Three Peaks Capital Management LLC owned 0.09% of Zayo Group worth $7,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ZAYO. JPMorgan Chase & Co. raised its position in shares of Zayo Group by 11.0% in the 1st quarter. JPMorgan Chase & Co. now owns 15,661 shares of the technology company’s stock valued at $535,000 after acquiring an additional 1,548 shares during the period. Aperio Group LLC raised its position in shares of Zayo Group by 5.8% in the 4th quarter. Aperio Group LLC now owns 29,806 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 1,628 shares during the period. Toronto Dominion Bank raised its position in shares of Zayo Group by 16.5% in the 1st quarter. Toronto Dominion Bank now owns 12,698 shares of the technology company’s stock valued at $433,000 after acquiring an additional 1,803 shares during the period. Thompson Davis & CO. Inc. raised its position in shares of Zayo Group by 60.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $171,000 after acquiring an additional 1,875 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in shares of Zayo Group by 11.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 19,765 shares of the technology company’s stock valued at $727,000 after acquiring an additional 2,013 shares during the period. Institutional investors own 88.22% of the company’s stock.

In other Zayo Group news, major shareholder Fund X/C Lp Gtcr sold 4,675,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $37.05, for a total transaction of $173,208,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Andrew Crouch sold 14,356 shares of the firm’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $35.56, for a total value of $510,499.36. Following the sale, the chief operating officer now directly owns 105,767 shares of the company’s stock, valued at approximately $3,761,074.52. The disclosure for this sale can be found here. Insiders have sold a total of 5,244,318 shares of company stock valued at $194,112,831 in the last ninety days. Insiders own 5.20% of the company’s stock.

Zayo Group opened at $35.75 on Thursday, Marketbeat.com reports. Zayo Group Holdings Inc has a 1-year low of $29.73 and a 1-year high of $37.95. The firm has a market capitalization of $8.78 billion, a P/E ratio of 89.38, a PEG ratio of 13.44 and a beta of 0.49. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.11 and a quick ratio of 1.11.

Zayo Group (NYSE:ZAYO) last announced its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Zayo Group had a return on equity of 9.31% and a net margin of 3.15%. The business had revenue of $649.40 million during the quarter, compared to the consensus estimate of $652.84 million. During the same quarter last year, the firm posted $0.11 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. sell-side analysts anticipate that Zayo Group Holdings Inc will post 0.53 EPS for the current year.

ZAYO has been the topic of a number of analyst reports. SunTrust Banks increased their price target on shares of Zayo Group to $45.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Saturday, February 10th. Royal Bank of Canada reiterated a “buy” rating on shares of Zayo Group in a research report on Friday, February 9th. Deutsche Bank upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $37.00 to $42.00 in a report on Wednesday, April 18th. Finally, Bank of America began coverage on shares of Zayo Group in a report on Friday, May 18th. They set a “buy” rating and a $43.00 target price on the stock. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $42.40.

Zayo Group Company Profile

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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

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