California State Teachers Retirement System lowered its stake in Zayo Group Holdings Inc (NYSE:ZAYO) by 9.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,263 shares of the technology company’s stock after selling 31,888 shares during the period. California State Teachers Retirement System owned about 0.13% of Zayo Group worth $10,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Dodge & Cox raised its position in shares of Zayo Group by 0.6% during the 2nd quarter. Dodge & Cox now owns 16,565,828 shares of the technology company’s stock worth $511,884,000 after acquiring an additional 96,250 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Zayo Group by 8.9% during the 2nd quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after acquiring an additional 1,127,326 shares in the last quarter. BlackRock Inc. raised its position in shares of Zayo Group by 8.7% during the 2nd quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock worth $315,410,000 after acquiring an additional 813,652 shares in the last quarter. Carmignac Gestion raised its position in shares of Zayo Group by 6.7% during the 3rd quarter. Carmignac Gestion now owns 5,196,674 shares of the technology company’s stock worth $178,870,000 after acquiring an additional 328,486 shares in the last quarter. Finally, State Street Corp raised its position in shares of Zayo Group by 9.6% during the 2nd quarter. State Street Corp now owns 3,117,303 shares of the technology company’s stock worth $96,324,000 after acquiring an additional 272,503 shares in the last quarter. 84.07% of the stock is currently owned by institutional investors.

Several research analysts have commented on ZAYO shares. TheStreet raised Zayo Group from a “c” rating to a “b-” rating in a research report on Tuesday, October 17th. Oppenheimer reaffirmed a “buy” rating and set a $42.00 price target on shares of Zayo Group in a research report on Tuesday, November 7th. UBS Group started coverage on Zayo Group in a research report on Tuesday, October 17th. They set a “buy” rating on the stock. Cowen reaffirmed a “buy” rating on shares of Zayo Group in a research report on Friday, November 10th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $45.00 price target on shares of Zayo Group in a research report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Zayo Group presently has a consensus rating of “Hold” and a consensus price target of $39.46.

In related news, CFO Matt Steinfort sold 812 shares of Zayo Group stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $34.95, for a total transaction of $28,379.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew Crouch sold 22,803 shares of Zayo Group stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total value of $777,582.30. The disclosure for this sale can be found here. Insiders sold a total of 4,908,234 shares of company stock worth $175,927,463 over the last quarter. Company insiders own 5.20% of the company’s stock.

Zayo Group Holdings Inc (NYSE:ZAYO) opened at $36.00 on Monday. Zayo Group Holdings Inc has a 12 month low of $29.30 and a 12 month high of $37.26. The firm has a market capitalization of $8,917.53, a P/E ratio of 97.30, a price-to-earnings-growth ratio of 14.67 and a beta of 0.53. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81.

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Zayo Group 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 (NYSE:ZAYO)

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