Wells Fargo & Company MN increased its position in Zayo Group Holdings Inc (NYSE:ZAYO) by 33.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,231,735 shares of the technology company’s stock after purchasing an additional 311,759 shares during the period. Wells Fargo & Company MN owned approximately 0.50% of Zayo Group worth $44,934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thompson Davis & CO. Inc. lifted its stake in Zayo Group by 60.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $171,000 after acquiring an additional 1,875 shares in the last quarter. Cerebellum GP LLC lifted its stake in Zayo Group by 56.5% during the 2nd quarter. Cerebellum GP LLC now owns 5,048 shares of the technology company’s stock valued at $184,000 after acquiring an additional 1,822 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in Zayo Group during the 1st quarter valued at $212,000. D.A. Davidson & CO. bought a new position in Zayo Group during the 1st quarter valued at $258,000. Finally, IFM Investors Pty Ltd bought a new position in Zayo Group during the 2nd quarter valued at $275,000. Institutional investors own 87.50% of the company’s stock.

Several equities analysts have weighed in on ZAYO shares. ValuEngine upgraded Zayo Group from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Bank of America started coverage on Zayo Group in a research note on Friday, May 18th. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Zacks Investment Research restated a “hold” rating on shares of Zayo Group in a research note on Saturday, April 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $42.40.

In other news, CEO Daniel Caruso sold 265,866 shares of Zayo Group stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $37.61, for a total transaction of $9,999,220.26. Following the sale, the chief executive officer now directly owns 471,851 shares in the company, valued at approximately $17,746,316.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matt Steinfort sold 1,486 shares of Zayo Group stock in a transaction on Monday, July 9th. The stock was sold at an average price of $38.50, for a total value of $57,211.00. Following the sale, the chief financial officer now owns 10,409 shares in the company, valued at $400,746.50. The disclosure for this sale can be found here. Insiders have sold a total of 302,521 shares of company stock worth $11,375,143 over the last quarter. Company insiders own 5.20% of the company’s stock.

Shares of NYSE:ZAYO opened at $37.85 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.77. Zayo Group Holdings Inc has a 1-year low of $32.65 and a 1-year high of $39.66. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 94.63, a P/E/G ratio of 15.59 and a beta of 0.48.

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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Institutional Ownership by Quarter for Zayo Group (NYSE:ZAYO)

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