Sandia Holdings LLC cut its holdings in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 710,187 shares of the technology company’s stock after selling 65,868 shares during the period. Zayo Group comprises approximately 11.6% of Sandia Holdings LLC’s investment portfolio, making the stock its biggest position. Sandia Holdings LLC owned 0.30% of Zayo Group worth $24,658,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZAYO. Carillon Tower Advisers Inc. grew its holdings in Zayo Group by 52.9% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,281,371 shares of the technology company’s stock worth $44,489,000 after acquiring an additional 443,199 shares during the period. Waterfront Capital Partners LLC grew its stake in shares of Zayo Group by 10.5% in the 3rd quarter. Waterfront Capital Partners LLC now owns 442,000 shares of the technology company’s stock valued at $15,346,000 after buying an additional 42,000 shares during the period. Credit Suisse AG grew its stake in shares of Zayo Group by 124.3% in the 3rd quarter. Credit Suisse AG now owns 728,741 shares of the technology company’s stock valued at $25,302,000 after buying an additional 403,914 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Zayo Group by 23.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 9,700,928 shares of the technology company’s stock valued at $336,816,000 after buying an additional 1,829,350 shares during the period. Finally, CIBC World Markets Inc. grew its stake in shares of Zayo Group by 105.3% in the 3rd quarter. CIBC World Markets Inc. now owns 48,471 shares of the technology company’s stock valued at $1,683,000 after buying an additional 24,857 shares during the period.
Zayo Group stock opened at $25.68 on Monday. Zayo Group Holdings Inc has a 52 week low of $21.92 and a 52 week high of $39.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 3.75. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 9.56 and a beta of 0.64.
Zayo Group (NYSE:ZAYO) last posted its earnings results on Wednesday, November 7th. The technology company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Zayo Group had a return on equity of 9.51% and a net margin of 3.87%. The firm had revenue of $641.10 million for the quarter, compared to the consensus estimate of $647.21 million. During the same period in the prior year, the business earned $0.09 EPS. Zayo Group’s quarterly revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts expect that Zayo Group Holdings Inc will post 0.53 earnings per share for the current fiscal year.
ZAYO has been the subject of several research reports. William Blair restated an “outperform” rating on shares of Zayo Group in a research note on Thursday, August 23rd. Moffett Nathanson upgraded Zayo Group from a “neutral” rating to a “buy” rating in a research note on Monday, October 15th. Raymond James dropped their price target on shares of Zayo Group from $43.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, November 8th. BTIG Research cut shares of Zayo Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research cut shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $37.55.
In related news, insider Sandra Mays sold 1,586 shares of Zayo Group stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $34.14, for a total value of $54,146.04. Following the sale, the insider now owns 35,800 shares of the company’s stock, valued at approximately $1,222,212. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard W. Connor sold 1,038 shares of Zayo Group stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $33.95, for a total transaction of $35,240.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 343,384 shares of company stock worth $10,216,114. Insiders own 4.50% of the company’s stock.
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Zayo Group Company Profile
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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