BlackRock Inc. raised its stake in Zayo Group Holdings Inc (NYSE:ZAYO) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,524,018 shares of the technology company’s stock after purchasing an additional 258,719 shares during the period. BlackRock Inc. owned 0.05% of Zayo Group worth $355,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Prudential Financial Inc. grew its stake in shares of Zayo Group by 3.8% during the fourth quarter. Prudential Financial Inc. now owns 13,500 shares of the technology company’s stock worth $308,000 after acquiring an additional 500 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Zayo Group by 7.6% during the first quarter. Daiwa Securities Group Inc. now owns 7,750 shares of the technology company’s stock worth $220,000 after acquiring an additional 550 shares during the last quarter. Strs Ohio grew its stake in shares of Zayo Group by 28.0% during the first quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock worth $78,000 after acquiring an additional 604 shares during the last quarter. American International Group Inc. grew its stake in shares of Zayo Group by 14.1% during the fourth quarter. American International Group Inc. now owns 5,484 shares of the technology company’s stock worth $125,000 after acquiring an additional 676 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Zayo Group by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 11,280 shares of the technology company’s stock worth $258,000 after acquiring an additional 677 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

In other Zayo Group news, insider Sandra Mays sold 2,745 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $28.04, for a total value of $76,969.80. Following the completion of the transaction, the insider now directly owns 47,395 shares of the company’s stock, valued at $1,328,955.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel Caruso sold 294,436 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $32.75, for a total value of $9,642,779.00. Following the completion of the transaction, the chief executive officer now directly owns 380,547 shares of the company’s stock, valued at $12,462,914.25. The disclosure for this sale can be found here. Insiders sold 987,834 shares of company stock valued at $32,314,474 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

ZAYO has been the topic of a number of research analyst reports. SunTrust Banks lowered Zayo Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Craig Hallum lowered Zayo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine upgraded Zayo Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Zacks Investment Research lowered Zayo Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 16th. Finally, William Blair lowered Zayo Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 9th. Thirteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.02.

Shares of NYSE ZAYO opened at $32.67 on Wednesday. The company has a market capitalization of $7.70 billion, a P/E ratio of 53.56, a PEG ratio of 13.19 and a beta of 0.81. Zayo Group Holdings Inc has a 52 week low of $20.27 and a 52 week high of $39.66. 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 issued its earnings results on Wednesday, May 8th. The technology company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Zayo Group had a net margin of 5.06% and a return on equity of 9.56%. The firm had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $639.98 million. During the same quarter in the prior year, the company earned $0.09 EPS. Zayo Group’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts predict that Zayo Group Holdings Inc will post 0.5 earnings per share for the current fiscal year.

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

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