Cerebellum GP LLC Buys 3,569 Shares of Zayo Group Holdings Inc (NYSE:ZAYO)

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Cerebellum GP LLC raised its stake in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 28.1% in the fourth quarter, Holdings Channel reports. The fund owned 16,267 shares of the technology company’s stock after acquiring an additional 3,569 shares during the period. Cerebellum GP LLC’s holdings in Zayo Group were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ZAYO. Bank of New York Mellon Corp lifted its holdings in shares of Zayo Group by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 808,541 shares of the technology company’s stock valued at $26,608,000 after acquiring an additional 19,799 shares during the period. Northern Trust Corp lifted its holdings in shares of Zayo Group by 2.8% during the second quarter. Northern Trust Corp now owns 1,325,245 shares of the technology company’s stock valued at $43,613,000 after acquiring an additional 36,270 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Zayo Group by 1.3% during the second quarter. Toronto Dominion Bank now owns 36,664 shares of the technology company’s stock valued at $1,206,000 after acquiring an additional 460 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Zayo Group by 4.3% during the second quarter. Parametric Portfolio Associates LLC now owns 323,072 shares of the technology company’s stock valued at $10,632,000 after acquiring an additional 13,209 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Zayo Group by 8,400.0% during the second quarter. Captrust Financial Advisors now owns 1,700 shares of the technology company’s stock valued at $56,000 after acquiring an additional 1,680 shares during the period. 86.84% of the stock is owned by institutional investors.

In other news, Director Richard W. Connor sold 20,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $34.31, for a total value of $686,200.00. Following the completion of the sale, the director now directly owns 101,696 shares in the company, valued at $3,489,189.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John F. Jr. Waters sold 9,922 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $34.66, for a total value of $343,896.52. Following the completion of the sale, the chief operating officer now owns 136,098 shares of the company’s stock, valued at $4,717,156.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,442 shares of company stock valued at $1,810,448. 2.40% of the stock is currently owned by corporate insiders.

Separately, ValuEngine cut Zayo Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $34.75.

Shares of NYSE:ZAYO opened at $34.71 on Thursday. Zayo Group Holdings Inc has a twelve month low of $24.20 and a twelve month high of $34.72. The firm has a market cap of $8.22 billion, a PE ratio of 55.98, a price-to-earnings-growth ratio of 15.14 and a beta of 0.73. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.61 and a current ratio of 0.61. The business has a fifty day moving average of $34.47 and a 200-day moving average of $34.00.

Zayo Group (NYSE:ZAYO) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). Zayo Group had a net margin of 5.66% and a return on equity of 11.34%. The business had revenue of $638.60 million during the quarter, compared to analyst estimates of $644.17 million. During the same quarter last year, the business posted $0.09 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts anticipate that Zayo Group Holdings Inc will post 0.62 EPS for the current fiscal year.

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

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