Reaves W H & Co. Inc. raised its position in Zayo Group Holdings Inc (NYSE:ZAYO) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 477,910 shares of the technology company’s stock after buying an additional 49,281 shares during the period. Reaves W H & Co. Inc.’s holdings in Zayo Group were worth $16,593,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Carillon Tower Advisers Inc. boosted its position in Zayo Group by 19.6% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 838,172 shares of the technology company’s stock valued at $30,576,000 after buying an additional 137,166 shares during the last quarter. Morgan Stanley boosted its position in Zayo Group by 141.2% in the 2nd quarter. Morgan Stanley now owns 1,837,250 shares of the technology company’s stock valued at $67,025,000 after buying an additional 1,075,453 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Zayo Group by 18.0% during the third quarter. Nisa Investment Advisors LLC now owns 17,700 shares of the technology company’s stock worth $615,000 after purchasing an additional 2,700 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Zayo Group during the third quarter worth about $1,007,000. Finally, Tyers Asset Management LLC lifted its position in shares of Zayo Group by 26.7% during the second quarter. Tyers Asset Management LLC now owns 27,664 shares of the technology company’s stock worth $1,009,000 after purchasing an additional 5,824 shares during the last quarter. 94.99% of the stock is owned by institutional investors.

In other Zayo Group news, insider Sandra Mays sold 1,586 shares of the firm’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $34.14, for a total value of $54,146.04. Following the transaction, the insider now owns 35,800 shares of the company’s stock, valued at $1,222,212. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel Caruso sold 337,079 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $29.67, for a total transaction of $10,001,133.93. Following the completion of the transaction, the chief executive officer now directly owns 471,851 shares in the company, valued at approximately $13,999,819.17. The disclosure for this sale can be found here. Insiders sold 343,384 shares of company stock worth $10,216,114 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on ZAYO shares. Moffett Nathanson raised shares of Zayo Group from a “neutral” rating to a “buy” rating in a research report on Monday, October 15th. SunTrust Banks reaffirmed a “buy” rating and set a $38.00 price target on shares of Zayo Group in a research report on Thursday, November 8th. Jefferies Financial Group started coverage on shares of Zayo Group in a research report on Tuesday, September 4th. They set a “buy” rating and a $49.00 price target on the stock. BTIG Research cut shares of Zayo Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 8th. Finally, TheStreet cut shares of Zayo Group from a “b-” rating to a “c+” rating in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Zayo Group presently has a consensus rating of “Buy” and an average price target of $38.64.

NYSE ZAYO traded up $1.54 during trading hours on Wednesday, reaching $24.05. The company’s stock had a trading volume of 7,630,659 shares, compared to its average volume of 4,380,673. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 3.75. Zayo Group Holdings Inc has a 52 week low of $22.00 and a 52 week high of $39.66. The stock has a market capitalization of $5.33 billion, a P/E ratio of 39.43, a P/E/G ratio of 8.17 and a beta of 0.64.

Zayo Group (NYSE:ZAYO) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Zayo Group had a return on equity of 9.51% and a net margin of 3.87%. The business had revenue of $641.10 million during the quarter, compared to the consensus estimate of $647.21 million. During the same period in the prior year, the business earned $0.09 EPS. The business’s revenue was down .3% on a year-over-year basis. As a group, equities research analysts expect that Zayo Group Holdings Inc will post 0.55 earnings per share for the current year.

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About Zayo Group

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.

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

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