Private Advisor Group LLC cut its holdings in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 13.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,688 shares of the technology company’s stock after selling 3,893 shares during the period. Private Advisor Group LLC’s holdings in Zayo Group Holdings were worth $742,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Tredje AP fonden boosted its position in shares of Zayo Group Holdings by 55.2% in the 2nd quarter. Tredje AP fonden now owns 40,440 shares of the technology company’s stock worth $1,250,000 after buying an additional 14,380 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Zayo Group Holdings by 278.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 260,019 shares of the technology company’s stock worth $8,035,000 after buying an additional 191,306 shares in the last quarter. Key Square Capital Management LLC purchased a new stake in shares of Zayo Group Holdings in the 2nd quarter worth about $1,412,000. Cipher Capital LP boosted its position in shares of Zayo Group Holdings by 155.3% in the 2nd quarter. Cipher Capital LP now owns 16,653 shares of the technology company’s stock worth $514,000 after buying an additional 10,129 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Zayo Group Holdings by 4.9% in the 2nd quarter. Swiss National Bank now owns 789,800 shares of the technology company’s stock worth $24,405,000 after buying an additional 36,700 shares in the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.

ZAYO has been the topic of several recent research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Cowen and Company reiterated a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) lowered shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 19th. Pacific Crest reiterated an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Finally, BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.36.

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In related news, CEO Daniel Caruso sold 295,078 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $33.89, for a total value of $10,000,193.42. Following the completion of the transaction, the chief executive officer now owns 4,284,854 shares in the company, valued at approximately $145,213,702.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth Desgarennes sold 38,885 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $31.52, for a total value of $1,225,655.20. Following the completion of the transaction, the chief financial officer now owns 1,055,045 shares of the company’s stock, valued at approximately $33,255,018.40. The disclosure for this sale can be found here. Insiders sold a total of 882,516 shares of company stock valued at $28,761,747 in the last quarter. 5.80% of the stock is currently owned by corporate insiders.

Zayo Group Holdings, Inc. (ZAYO) opened at 34.69 on Wednesday. The firm has a 50-day moving average of $33.52 and a 200-day moving average of $32.67. Zayo Group Holdings, Inc. has a 12-month low of $28.15 and a 12-month high of $35.65. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 99.11 and a beta of 0.55.

Zayo Group Holdings (NYSE:ZAYO) last released its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The company had revenue of $638.00 million during the quarter, compared to analyst estimates of $642.67 million. During the same quarter last year, the business earned ($0.13) EPS. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. Equities research analysts forecast that Zayo Group Holdings, Inc. will post $0.59 earnings per share for the current fiscal year.

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.

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

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