Chicago Equity Partners LLC Purchases 3,150 Shares of Zayo Group Holdings, Inc. (ZAYO)

Chicago Equity Partners LLC boosted its position in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 16.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,160 shares of the technology company’s stock after purchasing an additional 3,150 shares during the quarter. Chicago Equity Partners LLC’s holdings in Zayo Group Holdings were worth $685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZAYO. BlackRock Inc. increased its stake in shares of Zayo Group Holdings by 5,686.4% in the 1st quarter. BlackRock Inc. now owns 9,393,691 shares of the technology company’s stock worth $309,054,000 after acquiring an additional 9,231,349 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Zayo Group Holdings by 43,789.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock worth $83,677,000 after acquiring an additional 2,701,815 shares during the last quarter. USS Investment Management Ltd acquired a new stake in shares of Zayo Group Holdings in the 2nd quarter worth $63,335,000. Vanguard Group Inc. increased its stake in shares of Zayo Group Holdings by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 12,658,989 shares of the technology company’s stock worth $416,480,000 after acquiring an additional 1,428,585 shares during the last quarter. Finally, Jana Partners LLC increased its stake in shares of Zayo Group Holdings by 137.3% in the 1st quarter. Jana Partners LLC now owns 2,435,848 shares of the technology company’s stock worth $80,139,000 after acquiring an additional 1,409,307 shares during the last quarter. 78.93% of the stock is owned by hedge funds and other institutional investors.

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In other Zayo Group Holdings news, COO Andrew Crouch sold 18,236 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $30.18, for a total transaction of $550,362.48. Following the completion of the sale, the chief operating officer now directly owns 29,386 shares in the company, valued at $886,869.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John F. Jr. Waters sold 9,220 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $30.18, for a total value of $278,259.60. Following the sale, the insider now owns 41,586 shares of the company’s stock, valued at $1,255,065.48. The disclosure for this sale can be found here. Insiders have sold 882,516 shares of company stock valued at $28,761,747 over the last 90 days. 5.80% of the stock is currently owned by insiders.

Zayo Group Holdings, Inc. (NYSE ZAYO) opened at 34.59 on Tuesday. The stock’s 50 day moving average price is $33.49 and its 200-day moving average price is $32.66. 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 $8.53 billion, a PE ratio of 98.83 and a beta of 0.55.

Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $638 million for the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.13) earnings per share. Analysts expect that Zayo Group Holdings, Inc. will post $0.59 earnings per share for the current year.

A number of analysts have issued reports on the company. BidaskClub downgraded Zayo Group Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Cowen and Company reaffirmed a “buy” rating on shares of Zayo Group Holdings in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) downgraded Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research note on Friday, May 19th. William Blair reaffirmed an “ourperform” rating on shares of Zayo Group Holdings in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded Zayo Group Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Two investment 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 stock currently has an average rating of “Hold” and an average target price of $38.36.

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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