Zayo Group Holdings Inc (ZAYO) Stake Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Zayo Group Holdings Inc (NYSE:ZAYO) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 52,241 shares of the technology company’s stock after acquiring an additional 5,860 shares during the quarter. Victory Capital Management Inc.’s holdings in Zayo Group were worth $1,922,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC raised its stake in Zayo Group by 187.1% during the 4th quarter. Quantitative Systematic Strategies LLC now owns 26,070 shares of the technology company’s stock worth $959,000 after buying an additional 16,988 shares during the period. Congress Asset Management Co. MA raised its stake in Zayo Group by 0.8% during the 4th quarter. Congress Asset Management Co. MA now owns 203,004 shares of the technology company’s stock worth $7,471,000 after buying an additional 1,605 shares during the period. Security Asset Management acquired a new position in Zayo Group during the 4th quarter worth approximately $1,701,000. SG Americas Securities LLC acquired a new position in Zayo Group during the 4th quarter worth approximately $141,000. Finally, Cerebellum GP LLC acquired a new position in Zayo Group during the 4th quarter worth approximately $126,000. 85.69% of the stock is currently owned by institutional investors and hedge funds.

Zayo Group Holdings Inc (NYSE ZAYO) opened at $35.72 on Friday. Zayo Group Holdings Inc has a 1-year low of $29.73 and a 1-year high of $37.95. The stock has a market cap of $9,111.39, a P/E ratio of 61.22, a PEG ratio of 19.26 and a beta of 0.47. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.73.

Zayo Group (NYSE:ZAYO) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. The company had revenue of $653.50 million during the quarter, compared to analyst estimates of $650.79 million. sell-side analysts predict that Zayo Group Holdings Inc will post 0.38 EPS for the current fiscal year.

In other Zayo Group news, CEO Daniel Caruso sold 119,352 shares of Zayo Group stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $37.70, for a total value of $4,499,570.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard W. Connor sold 1,091 shares of Zayo Group stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.76, for a total transaction of $40,105.16. Following the completion of the sale, the director now directly owns 147,169 shares of the company’s stock, valued at approximately $5,409,932.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 412,234 shares of company stock valued at $15,199,698. 5.20% of the stock is currently owned by insiders.

A number of research firms recently weighed in on ZAYO. Citigroup reaffirmed a “buy” rating on shares of Zayo Group in a research note on Thursday, December 14th. Morgan Stanley boosted their price objective on Zayo Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. SunTrust Banks boosted their price objective on Zayo Group to $45.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays reissued a “buy” rating and set a $41.00 price objective on shares of Zayo Group in a report on Friday, January 19th. Finally, Zacks Investment Research raised Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, February 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Zayo Group presently has a consensus rating of “Buy” and an average price target of $41.09.

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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.

Want to see what other hedge funds are holding ZAYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zayo Group Holdings Inc (NYSE:ZAYO).

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

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