Zayo Group Holdings Inc (ZAYO) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its stake in Zayo Group Holdings Inc (NYSE:ZAYO) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,124 shares of the technology company’s stock after selling 2,026 shares during the period. Gulf International Bank UK Ltd’s holdings in Zayo Group were worth $2,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Congress Asset Management Co. MA raised its holdings in shares of Zayo Group by 0.8% in the fourth 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 last quarter. Aperio Group LLC increased its stake in shares of Zayo Group by 5.8% in the fourth quarter. Aperio Group LLC now owns 29,806 shares of the technology company’s stock worth $1,097,000 after acquiring an additional 1,628 shares during the period. Thompson Davis & CO. Inc. increased its stake in shares of Zayo Group by 60.0% in the first quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock worth $171,000 after acquiring an additional 1,875 shares during the period. Xact Kapitalforvaltning AB increased its stake in shares of Zayo Group by 11.3% in the fourth quarter. Xact Kapitalforvaltning AB now owns 19,765 shares of the technology company’s stock worth $727,000 after acquiring an additional 2,013 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Zayo Group by 5.8% in the fourth quarter. Amalgamated Bank now owns 37,202 shares of the technology company’s stock worth $1,369,000 after acquiring an additional 2,023 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

ZAYO stock opened at $34.73 on Thursday. The firm has a market cap of $8.45 billion, a P/E ratio of 86.83, a PEG ratio of 12.93 and a beta of 0.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.77. Zayo Group Holdings Inc has a one year low of $29.73 and a one year high of $37.95.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The company had revenue of $649.40 million for the quarter, compared to analyst estimates of $652.84 million. Zayo Group had a net margin of 3.15% and a return on equity of 9.31%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business earned $0.11 earnings per share. research analysts predict that Zayo Group Holdings Inc will post 0.53 earnings per share for the current year.

ZAYO has been the topic of a number of research reports. Raymond James upgraded shares of Zayo Group from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research note on Friday, April 13th. Rabobank International upgraded shares of Zayo Group from a “market perform” rating to an “outperform” rating in a research note on Sunday, April 15th. Bank of America initiated coverage on shares of Zayo Group in a research note on Friday, May 18th. They issued a “buy” rating and a $43.00 price objective on the stock. Zacks Investment Research upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, February 10th. Finally, Morgan Stanley increased their price objective on shares of Zayo Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.40.

In other Zayo Group news, Director Richard W. Connor sold 1,037 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $34.00, for a total transaction of $35,258.00. Following the transaction, the director now directly owns 148,383 shares of the company’s stock, valued at $5,045,022. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Matt Steinfort sold 1,768 shares of the stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $35.38, for a total transaction of $62,551.84. Following the transaction, the chief financial officer now directly owns 11,533 shares in the company, valued at $408,037.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,378,206 shares of company stock worth $198,932,799. 5.20% of the stock is owned by company insiders.

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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