TPG Group Holdings SBS Advisors Inc. Has $2.69 Million Position in Zayo Group Holdings, Inc. (ZAYO)
TPG Group Holdings SBS Advisors Inc. lowered its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,121 shares of the technology company’s stock after selling 11,119 shares during the quarter. TPG Group Holdings SBS Advisors Inc.’s holdings in Zayo Group Holdings were worth $2,692,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ZAYO. BlackRock Inc. raised its stake in Zayo Group Holdings by 5,686.4% during the 1st quarter. BlackRock Inc. now owns 9,393,691 shares of the technology company’s stock valued at $309,054,000 after purchasing an additional 9,231,349 shares during the period. Carmignac Gestion purchased a new stake in shares of Zayo Group Holdings in the second quarter valued at $150,427,000. Neuberger Berman Group LLC lifted its holdings in shares of Zayo Group Holdings by 43,789.5% in the second quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock valued at $83,677,000 after purchasing an additional 2,701,815 shares in the last quarter. USS Investment Management Ltd purchased a new stake in shares of Zayo Group Holdings in the second quarter valued at $63,335,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Zayo Group Holdings by 12.7% in the first quarter. Vanguard Group Inc. now owns 12,658,989 shares of the technology company’s stock valued at $416,480,000 after purchasing an additional 1,428,585 shares in the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.
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Shares of Zayo Group Holdings, Inc. (ZAYO) traded up 0.2626% during midday trading on Wednesday, reaching $34.9014. 360,645 shares of the company were exchanged. The company has a market capitalization of $8.60 billion, a P/E ratio of 99.7183 and a beta of 0.55. Zayo Group Holdings, Inc. has a 52-week low of $29.30 and a 52-week high of $35.65. The stock has a 50-day moving average price of $34.31 and a 200 day moving average price of $32.98.
Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The business had revenue of $638.00 million for the quarter, compared to the consensus estimate of $642.67 million. During the same period in the prior year, the business earned ($0.13) earnings per share. Zayo Group Holdings’s revenue was up 25.8% compared to the same quarter last year. Equities research analysts expect that Zayo Group Holdings, Inc. will post $0.61 EPS for the current fiscal year.
In other Zayo Group Holdings news, Director Richard W. Connor sold 1,200 shares of Zayo Group Holdings stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $34.47, for a total value of $41,364.00. Following the sale, the director now directly owns 145,944 shares in the company, valued at approximately $5,030,689.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Caruso sold 115,273 shares of Zayo Group Holdings stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $34.70, for a total transaction of $3,999,973.10. Following the completion of the sale, the chief executive officer now owns 4,343,965 shares in the company, valued at $150,735,585.50. The disclosure for this sale can be found here. In the last three months, insiders sold 5,675,351 shares of company stock worth $193,598,255. 5.20% of the stock is currently owned by insiders.
A number of research firms have recently issued reports on ZAYO. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $42.00 price target on shares of Zayo Group Holdings in a research report on Wednesday, September 13th. Moffett Nathanson reaffirmed a “neutral” rating and set a $39.00 price objective (up from $34.00) on shares of Zayo Group Holdings in a research report on Thursday, September 28th. Deutsche Bank AG assumed coverage on shares of Zayo Group Holdings in a research report on Monday, August 28th. They set a “hold” rating on the stock. BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Cowen and Company reiterated a “buy” rating on shares of Zayo Group Holdings in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Zayo Group Holdings has a consensus rating of “Hold” and a consensus target price of $38.40.
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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