Capital World Investors Has $524.23 Million Stake in Zayo Group Holdings, Inc. (ZAYO)
Capital World Investors reduced its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,965,233 shares of the technology company’s stock after selling 304,000 shares during the quarter. Capital World Investors owned about 6.90% of Zayo Group Holdings worth $524,226,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of Zayo Group Holdings by 63.4% during the first quarter. US Bancorp DE now owns 14,285 shares of the technology company’s stock valued at $470,000 after acquiring an additional 5,540 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Zayo Group Holdings by 10.8% in the 1st quarter. Bank of New York Mellon Corp now owns 667,732 shares of the technology company’s stock worth $21,969,000 after purchasing an additional 65,142 shares during the last quarter. Comerica Bank raised its position in shares of Zayo Group Holdings by 3.7% in the 1st quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock worth $233,000 after purchasing an additional 238 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Zayo Group Holdings by 18.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 364,140 shares of the technology company’s stock worth $11,980,000 after purchasing an additional 56,395 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Zayo Group Holdings in the 1st quarter worth about $325,000. 78.91% of the stock is currently owned by hedge funds and other institutional investors.
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In other Zayo Group Holdings news, Director Richard W. Connor sold 1,200 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $34.47, for a total value of $41,364.00. Following the completion of the transaction, the director now owns 145,944 shares of the company’s stock, valued at $5,030,689.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Daniel Caruso sold 115,273 shares of Zayo Group Holdings stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $34.70, for a total transaction of $3,999,973.10. Following the sale, the chief executive officer now owns 4,343,965 shares of the company’s stock, valued at $150,735,585.50. The disclosure for this sale can be found here. Insiders sold a total of 5,675,351 shares of company stock valued at $193,598,255 over the last quarter. 5.20% of the stock is owned by company insiders.
Zayo Group Holdings, Inc. (ZAYO) traded up 0.34% during midday trading on Wednesday, reaching $34.93. 198,735 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $34.31 and its 200-day moving average is $32.98. Zayo Group Holdings, Inc. has a 12-month low of $29.30 and a 12-month high of $35.65. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 99.80 and a beta of 0.55.
Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The company had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.13) EPS. On average, equities analysts forecast that Zayo Group Holdings, Inc. will post $0.61 earnings per share for the current year.
ZAYO has been the topic of a number of analyst reports. Pacific Crest reiterated an “equal weight” rating on shares of Zayo Group Holdings in a research note on Friday, June 23rd. BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $42.00 price objective on shares of Zayo Group Holdings in a research note on Wednesday, September 13th. Moffett Nathanson reaffirmed a “neutral” rating and issued a $39.00 target price (up from $34.00) on shares of Zayo Group Holdings in a report on Thursday, September 28th. Finally, William Blair reaffirmed an “ourperform” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Zayo Group Holdings has an average rating of “Hold” and a consensus target price of $38.40.
About Zayo Group Holdings
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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