Schwab Charles Investment Management Inc. raised its stake in shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) by 9.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 327,349 shares of the technology company’s stock after buying an additional 29,320 shares during the period. Schwab Charles Investment Management Inc. owned about 0.13% of Zayo Group Holdings worth $10,770,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Zayo Group Holdings during the fourth quarter valued at $1,031,000. Comerica Bank acquired a new position in Zayo Group Holdings during the fourth quarter valued at $206,000. Dimensional Fund Advisors LP boosted its position in Zayo Group Holdings by 45.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 342,031 shares of the technology company’s stock valued at $11,240,000 after buying an additional 106,349 shares during the period. Guggenheim Capital LLC boosted its position in Zayo Group Holdings by 11.6% in the fourth quarter. Guggenheim Capital LLC now owns 57,932 shares of the technology company’s stock valued at $1,904,000 after buying an additional 6,026 shares during the period. Finally, AQR Capital Management LLC acquired a new position in Zayo Group Holdings during the fourth quarter valued at $532,000. Institutional investors and hedge funds own 74.59% of the company’s stock.

Shares of Zayo Group Holdings, Inc. (ZAYO) opened at 32.80 on Monday. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 252.31 and a beta of 0.54. The company has a 50-day moving average price of $31.41 and a 200-day moving average price of $32.14. Zayo Group Holdings, Inc. has a 12 month low of $27.62 and a 12 month high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $550.20 million for the quarter, compared to analyst estimates of $545.63 million. Zayo Group Holdings had a return on equity of 5.47% and a net margin of 1.53%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) earnings per share. Analysts forecast that Zayo Group Holdings, Inc. will post $0.39 earnings per share for the current fiscal year.

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ZAYO has been the topic of several recent analyst reports. Zacks Investment Research cut Zayo Group Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Barclays PLC reiterated an “overweight” rating and set a $38.00 price objective on shares of Zayo Group Holdings in a report on Thursday, March 30th. Cowen and Company reiterated an “outperform” rating on shares of Zayo Group Holdings in a report on Wednesday, April 19th. Citigroup Inc. lifted their price objective on Zayo Group Holdings from $38.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Finally, J P Morgan Chase & Co cut Zayo Group Holdings from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $36.00 in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $37.29.

In other Zayo Group Holdings news, Director Richard W. Connor sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the director now owns 141,883 shares in the company, valued at $4,965,905. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel Caruso sold 94,500 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $34.80, for a total value of $3,288,600.00. Following the completion of the transaction, the chief executive officer now owns 4,607,019 shares in the company, valued at approximately $160,324,261.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 416,156 shares of company stock worth $13,370,267. Corporate insiders own 5.80% of the company’s stock.

Zayo Group Holdings Company 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.

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

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