Swiss National Bank increased its holdings in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 811,600 shares of the technology company’s stock after purchasing an additional 5,100 shares during the quarter. Swiss National Bank owned approximately 0.33% of Zayo Group worth $29,867,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carmignac Gestion lifted its position in Zayo Group by 6.7% during the third quarter. Carmignac Gestion now owns 5,196,674 shares of the technology company’s stock worth $178,870,000 after buying an additional 328,486 shares during the period. Jana Partners LLC grew its position in shares of Zayo Group by 48.0% in the 3rd quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock worth $143,738,000 after acquiring an additional 1,353,775 shares in the last quarter. State Street Corp grew its position in shares of Zayo Group by 9.6% in the 2nd quarter. State Street Corp now owns 3,117,303 shares of the technology company’s stock worth $96,324,000 after acquiring an additional 272,503 shares in the last quarter. USS Investment Management Ltd lifted its holdings in shares of Zayo Group by 46.3% in the 4th quarter. USS Investment Management Ltd now owns 3,000,000 shares of the technology company’s stock worth $110,415,000 after purchasing an additional 950,000 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in shares of Zayo Group by 23.1% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,067,429 shares of the technology company’s stock worth $36,741,000 after purchasing an additional 200,000 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.
In related news, COO Andrew Crouch sold 19,537 shares of Zayo Group stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $36.14, for a total transaction of $706,067.18. Following the completion of the transaction, the chief operating officer now directly owns 76,647 shares of the company’s stock, valued at approximately $2,770,022.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Daniel Caruso sold 26,332 shares of Zayo Group stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $37.70, for a total transaction of $992,716.40. The disclosure for this sale can be found here. In the last three months, insiders sold 572,454 shares of company stock worth $21,012,383. Insiders own 5.20% of the company’s stock.
Shares of Zayo Group Holdings Inc (NYSE ZAYO) opened at $36.65 on Wednesday. Zayo Group Holdings Inc has a 52-week low of $29.73 and a 52-week high of $37.95. The stock has a market cap of $9,160.00, a PE ratio of 70.48, a price-to-earnings-growth ratio of 19.58 and a beta of 0.49. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.99 and a quick ratio of 0.99.
Zayo Group (NYSE:ZAYO) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.10. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. The business had revenue of $653.50 million for the quarter, compared to analysts’ expectations of $650.79 million. equities analysts predict that Zayo Group Holdings Inc will post 0.38 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://weekherald.com/2018/03/14/zayo-group-holdings-inc-zayo-position-raised-by-swiss-national-bank.html.
Zayo Group Profile
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.
Receive News & Ratings for Zayo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group and related companies with MarketBeat.com's FREE daily email newsletter.