CIBC Asset Management Inc Sells 345 Shares of Zayo Group Holdings Inc (NYSE:ZAYO)

CIBC Asset Management Inc lessened its position in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 3.2% during the third quarter, HoldingsChannel.com reports. The fund owned 10,443 shares of the technology company’s stock after selling 345 shares during the period. CIBC Asset Management Inc’s holdings in Zayo Group were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. DNB Asset Management AS increased its holdings in shares of Zayo Group by 29.1% in the 2nd quarter. DNB Asset Management AS now owns 23,513 shares of the technology company’s stock worth $774,000 after buying an additional 5,298 shares during the last quarter. Gulf International Bank UK Ltd increased its holdings in shares of Zayo Group by 4.8% in the 2nd quarter. Gulf International Bank UK Ltd now owns 47,924 shares of the technology company’s stock worth $1,577,000 after buying an additional 2,200 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Zayo Group by 16.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 39,953 shares of the technology company’s stock worth $1,315,000 after buying an additional 5,515 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in shares of Zayo Group by 116.5% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 153,479 shares of the technology company’s stock worth $5,050,000 after buying an additional 82,602 shares during the last quarter. Finally, Havens Advisors LLC bought a new position in shares of Zayo Group in the 2nd quarter worth $2,962,000. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine cut shares of Zayo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Zayo Group currently has a consensus rating of “Hold” and a consensus target price of $33.82.

Shares of Zayo Group stock opened at $34.23 on Friday. Zayo Group Holdings Inc has a 52-week low of $20.27 and a 52-week high of $34.33. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 55.21, a price-to-earnings-growth ratio of 12.52 and a beta of 0.76. The company has a fifty day moving average of $34.07 and a 200-day moving average of $33.33. The company has a debt-to-equity ratio of 4.48, a quick ratio of 0.75 and a current ratio of 0.75.

Zayo Group (NYSE:ZAYO) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). Zayo Group had a net margin of 5.82% and a return on equity of 11.27%. The business had revenue of $638.60 million during the quarter, compared to analysts’ expectations of $644.17 million. During the same period last year, the company posted $0.09 EPS. Zayo Group’s revenue for the quarter was down .4% on a year-over-year basis. On average, equities research analysts forecast that Zayo Group Holdings Inc will post 0.74 earnings per share for the current fiscal year.

In other Zayo Group news, Director Richard W. Connor sold 20,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $34.01, for a total transaction of $680,200.00. Following the completion of the sale, the director now owns 121,696 shares of the company’s stock, valued at approximately $4,138,880.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra Mays sold 3,072 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $33.88, for a total transaction of $104,079.36. Following the sale, the insider now directly owns 63,242 shares of the company’s stock, valued at approximately $2,142,638.96. The disclosure for this sale can be found here. Insiders sold a total of 1,089,803 shares of company stock valued at $36,831,348 in the last ninety days. 2.40% of the stock is owned by corporate 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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