361 Capital LLC bought a new stake in Zayo Group Holdings Inc (NYSE:ZAYO) during the first quarter, HoldingsChannel reports. The fund bought 16,627 shares of the technology company’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Levin Capital Strategies L.P. purchased a new stake in Zayo Group in the fourth quarter valued at approximately $13,460,000. Oppenheimer Asset Management Inc. boosted its position in Zayo Group by 20.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 65,656 shares of the technology company’s stock worth $1,866,000 after purchasing an additional 10,962 shares in the last quarter. Comerica Bank boosted its position in Zayo Group by 426.2% in the 4th quarter. Comerica Bank now owns 52,200 shares of the technology company’s stock worth $1,424,000 after purchasing an additional 42,280 shares in the last quarter. Two Sigma Advisers LP boosted its position in Zayo Group by 5.5% in the 4th quarter. Two Sigma Advisers LP now owns 798,800 shares of the technology company’s stock worth $18,245,000 after purchasing an additional 41,896 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new stake in Zayo Group in the 4th quarter worth approximately $1,660,000. Hedge funds and other institutional investors own 93.71% of the company’s stock.

In other news, insider Sandra Mays sold 2,745 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $28.04, for a total transaction of $76,969.80. Following the transaction, the insider now owns 47,395 shares in the company, valued at approximately $1,328,955.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO John F. Jr. Waters sold 6,296 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $28.04, for a total value of $176,539.84. Following the transaction, the chief operating officer now owns 102,241 shares in the company, valued at approximately $2,866,837.64. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

Several equities research analysts have commented on the company. Citigroup lowered Zayo Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $38.00 to $35.00 in a research report on Thursday, May 16th. UBS Group upped their price objective on Zayo Group from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. William Blair lowered Zayo Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 9th. Raymond James lowered Zayo Group from an “outperform” rating to a “market perform” rating and set a $32.74 price objective on the stock. in a research report on Wednesday. Finally, Zacks Investment Research lowered Zayo Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Zayo Group currently has an average rating of “Hold” and a consensus price target of $35.02.

Shares of NYSE:ZAYO opened at $32.62 on Friday. Zayo Group Holdings Inc has a 1 year low of $20.27 and a 1 year high of $39.66. The company has a market cap of $7.71 billion, a PE ratio of 53.48, a price-to-earnings-growth ratio of 12.21 and a beta of 0.93. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.83 and a current ratio of 0.83.

Zayo Group (NYSE:ZAYO) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Zayo Group had a net margin of 5.06% and a return on equity of 9.56%. The business had revenue of $647.20 million for the quarter, compared to analysts’ expectations of $639.98 million. During the same quarter last year, the business earned $0.09 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts expect that Zayo Group Holdings Inc will post 0.54 EPS for the current fiscal year.

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Zayo Group 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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