Alpine Group USVI LLC Acquires New Position in Zayo Group Holdings Inc (NYSE:ZAYO)

Alpine Group USVI LLC acquired a new stake in shares of Zayo Group Holdings Inc (NYSE:ZAYO) in the third quarter, HoldingsChannel reports. The institutional investor acquired 100,000 shares of the technology company’s stock, valued at approximately $3,390,000. Zayo Group comprises 0.9% of Alpine Group USVI LLC’s portfolio, making the stock its 19th largest holding.

Other large investors also recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in Zayo Group by 138.5% in the 1st quarter. Advisory Services Network LLC now owns 992 shares of the technology company’s stock worth $28,000 after purchasing an additional 576 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Zayo Group by 8,400.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,700 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,680 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Zayo Group by 1,100.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,365 shares of the technology company’s stock worth $78,000 after purchasing an additional 2,168 shares in the last quarter. Capital Bank & Trust Co purchased a new position in Zayo Group in the 2nd quarter worth approximately $93,000. Finally, Point72 Hong Kong Ltd lifted its holdings in Zayo Group by 28.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,876 shares of the technology company’s stock worth $95,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.

Shares of ZAYO traded down $0.05 during midday trading on Friday, reaching $33.95. 84,475 shares of the stock were exchanged, compared to its average volume of 4,753,250. Zayo Group Holdings Inc has a 52 week low of $20.27 and a 52 week high of $34.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.48. The company’s 50 day moving average is $33.84 and its two-hundred day moving average is $32.69. The company has a market capitalization of $8.01 billion, a P/E ratio of 54.77, a PEG ratio of 11.21 and a beta of 0.77.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings results on Wednesday, August 21st. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. Zayo Group had a return on equity of 11.27% and a net margin of 5.82%. The business had revenue of $650.60 million for the quarter, compared to the consensus estimate of $642.86 million. During the same quarter in the prior year, the company earned $0.18 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that Zayo Group Holdings Inc will post 0.74 EPS for the current year.

In other news, CFO Matt Steinfort sold 4,500 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $33.82, for a total transaction of $152,190.00. Following the transaction, the chief financial officer now owns 49,935 shares of the company’s stock, valued at approximately $1,688,801.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra Mays sold 3,072 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $33.88, for a total value of $104,079.36. Following the sale, the insider now directly owns 63,242 shares in the company, valued at approximately $2,142,638.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,049,803 shares of company stock worth $35,464,948 in the last three months. Corporate insiders own 2.40% of the company’s stock.

Separately, ValuEngine cut Zayo Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.85.

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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