BNP Paribas Arbitrage SA increased its position in Zayo Group Holdings Inc (NYSE:ZAYO) by 8.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 74,350 shares of the technology company’s stock after purchasing an additional 6,064 shares during the period. BNP Paribas Arbitrage SA’s holdings in Zayo Group were worth $2,712,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SeaTown Holdings Pte. Ltd. purchased a new stake in Zayo Group during the 1st quarter valued at approximately $34,188,000. Carmignac Gestion raised its stake in Zayo Group by 16.7% during the 1st quarter. Carmignac Gestion now owns 4,746,997 shares of the technology company’s stock valued at $162,157,000 after acquiring an additional 680,424 shares during the last quarter. Zimmer Partners LP raised its stake in Zayo Group by 20.7% during the 1st quarter. Zimmer Partners LP now owns 3,250,000 shares of the technology company’s stock valued at $111,020,000 after acquiring an additional 558,200 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Zayo Group by 21.2% during the 1st quarter. Point72 Asset Management L.P. now owns 3,152,736 shares of the technology company’s stock valued at $107,697,000 after acquiring an additional 552,017 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Zayo Group by 40.3% during the 1st quarter. Millennium Management LLC now owns 1,783,449 shares of the technology company’s stock valued at $60,923,000 after acquiring an additional 512,195 shares during the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

ZAYO has been the subject of several analyst reports. Raymond James raised Zayo Group from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Friday, April 13th. Rabobank International raised Zayo Group from a “market perform” rating to an “outperform” rating in a research note on Sunday, April 15th. UBS Group raised Zayo Group from a “market perform” rating to an “outperform” rating in a research note on Friday, April 13th. Deutsche Bank raised Zayo Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $42.00 in a research note on Wednesday, April 18th. Finally, Bank of America assumed coverage on Zayo Group in a research note on Friday, May 18th. They set a “buy” rating and a $43.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $42.40.

NYSE ZAYO opened at $37.40 on Tuesday. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.11 and a current ratio of 1.11. Zayo Group Holdings Inc has a 12-month low of $32.48 and a 12-month high of $39.66. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 93.50, a price-to-earnings-growth ratio of 15.43 and a beta of 0.48.

Zayo Group (NYSE:ZAYO) last released its earnings results on Thursday, May 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. Zayo Group had a return on equity of 9.31% and a net margin of 3.15%. The company had revenue of $649.40 million for the quarter, compared to analysts’ expectations of $652.84 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. equities research analysts forecast that Zayo Group Holdings Inc will post 0.52 EPS for the current year.

In other Zayo Group news, Director Richard W. Connor sold 1,096 shares of the business’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $37.41, for a total transaction of $41,001.36. Following the transaction, the director now owns 147,281 shares in the company, valued at approximately $5,509,782.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Rottenberg sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $39.00, for a total value of $195,000.00. Following the completion of the sale, the director now owns 22,504 shares in the company, valued at approximately $877,656. The disclosure for this sale can be found here. Insiders have sold a total of 36,655 shares of company stock worth $1,375,922 in the last quarter. 5.20% of the stock is currently owned by 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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