Two Sigma Advisers LP Increases Position in Zayo Group Holdings Inc (ZAYO)
Two Sigma Advisers LP increased its holdings in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 798,800 shares of the technology company’s stock after purchasing an additional 41,896 shares during the period. Two Sigma Advisers LP owned 0.34% of Zayo Group worth $18,245,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in shares of Zayo Group in the fourth quarter valued at approximately $29,000. Ffcm LLC boosted its holdings in shares of Zayo Group by 104.3% in the fourth quarter. Ffcm LLC now owns 2,832 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,446 shares in the last quarter. Virtus Alternative Investment Advisers Inc. bought a new position in shares of Zayo Group in the third quarter valued at approximately $115,000. American International Group Inc. boosted its holdings in shares of Zayo Group by 14.1% in the fourth quarter. American International Group Inc. now owns 5,484 shares of the technology company’s stock valued at $125,000 after acquiring an additional 676 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Zayo Group in the fourth quarter valued at approximately $173,000. 97.34% of the stock is owned by hedge funds and other institutional investors.
In related news, CTO John F. Jr. Waters sold 5,548 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $24.16, for a total value of $134,039.68. Following the completion of the transaction, the chief technology officer now owns 87,309 shares of the company’s stock, valued at approximately $2,109,385.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra Mays sold 4,454 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $24.16, for a total transaction of $107,608.64. Following the completion of the transaction, the insider now directly owns 41,273 shares of the company’s stock, valued at approximately $997,155.68. The disclosure for this sale can be found here. Insiders sold a total of 16,144 shares of company stock valued at $390,039 in the last ninety days. Company insiders own 4.50% of the company’s stock.
Zayo Group (NYSE:ZAYO) last issued its earnings results on Thursday, February 7th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The business had revenue of $639.10 million for the quarter, compared to the consensus estimate of $641.73 million. Zayo Group had a return on equity of 8.29% and a net margin of 4.62%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. As a group, sell-side analysts anticipate that Zayo Group Holdings Inc will post 0.56 EPS for the current year.
ZAYO has been the subject of a number of research reports. ValuEngine cut shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research cut shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. JPMorgan Chase & Co. upgraded shares of Zayo Group from a “neutral” rating to an “overweight” rating and set a $25.48 target price for the company in a report on Wednesday, November 28th. Craig Hallum initiated coverage on shares of Zayo Group in a report on Wednesday, January 23rd. They set a “buy” rating and a $45.00 target price for the company. Finally, Deutsche Bank raised their target price on shares of Zayo Group from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, February 11th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.32.
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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.
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