Cubist Systematic Strategies LLC increased its stake in shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) by 91.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,873 shares of the technology company’s stock after purchasing an additional 13,800 shares during the period. Cubist Systematic Strategies LLC’s holdings in Zayo Group were worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. purchased a new stake in Zayo Group during the third quarter valued at approximately $1,721,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Zayo Group by 10.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 522,662 shares of the technology company’s stock valued at $16,150,000 after buying an additional 49,044 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in Zayo Group by 38.5% during the second quarter. State of Wisconsin Investment Board now owns 209,641 shares of the technology company’s stock valued at $6,478,000 after buying an additional 58,230 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Zayo Group during the second quarter valued at approximately $16,995,000. Finally, Clinton Group Inc. purchased a new stake in Zayo Group during the second quarter valued at approximately $1,134,000. 84.07% of the stock is owned by hedge funds and other institutional investors.

Zayo Group Holdings, Inc. (NYSE:ZAYO) opened at $35.96 on Thursday. The firm has a market cap of $8,976.89, a P/E ratio of 80.64, a price-to-earnings-growth ratio of 14.77 and a beta of 0.53. Zayo Group Holdings, Inc. has a 12-month low of $29.30 and a 12-month high of $37.26. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91.

In related news, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $35.90, for a total transaction of $168,730,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Emily White bought 43,095 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of $34.99 per share, with a total value of $1,507,894.05. Following the transaction, the director now owns 3,906 shares of the company’s stock, valued at approximately $136,670.94. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 4,937,348 shares of company stock valued at $176,927,529. Company insiders own 5.20% of the company’s stock.

A number of analysts have commented on the stock. UBS assumed coverage on shares of Zayo Group in a report on Tuesday, October 17th. They set a “buy” rating for the company. Cowen reaffirmed a “buy” rating on shares of Zayo Group in a report on Friday, November 10th. TheStreet raised shares of Zayo Group from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. BidaskClub raised shares of Zayo Group from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Finally, Deutsche Bank assumed coverage on shares of Zayo Group in a report on Monday, August 28th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.46.

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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.

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

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