Candriam Luxembourg S.C.A. continued to hold its stake in shares of Zayo Group Holdings Inc. (NYSE:ZAYO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,500 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Zayo Group Holdings were worth $880,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in ZAYO. Norman Fields Gottscho Capital Management LLC raised its stake in Zayo Group Holdings by 9.5% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 19,550 shares of the company’s stock worth $546,000 after buying an additional 1,700 shares during the last quarter. IBM Retirement Fund raised its stake in Zayo Group Holdings by 12.9% in the second quarter. IBM Retirement Fund now owns 16,492 shares of the company’s stock worth $461,000 after buying an additional 1,884 shares during the last quarter. BlackRock Inc. raised its stake in Zayo Group Holdings by 67.7% in the first quarter. BlackRock Inc. now owns 15,224 shares of the company’s stock worth $369,000 after buying an additional 6,146 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Zayo Group Holdings during the first quarter worth $217,000. Finally, Lorber David A acquired a new stake in Zayo Group Holdings during the first quarter worth $233,000. 57.46% of the stock is currently owned by institutional investors.
Zayo Group Holdings Inc. (NYSE:ZAYO) traded down 0.81% on Friday, reaching $30.68. 2,215,879 shares of the company’s stock traded hands. Zayo Group Holdings Inc. has a 12 month low of $19.59 and a 12 month high of $31.08. The firm’s 50 day moving average price is $29.53 and its 200 day moving average price is $27.68. The company’s market cap is $7.44 billion.
Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings results on Thursday, August 25th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by $0.15. The business had revenue of $507.30 million for the quarter, compared to analysts’ expectations of $498.62 million. Zayo Group Holdings had a negative return on equity of 3.44% and a negative net margin of 4.43%. The company’s revenue was up 40.2% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. On average, equities analysts expect that Zayo Group Holdings Inc. will post $0.26 EPS for the current fiscal year.
A number of equities research analysts have weighed in on ZAYO shares. Zacks Investment Research lowered shares of Zayo Group Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, July 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Zayo Group Holdings in a research note on Sunday, July 24th. Pacific Crest initiated coverage on shares of Zayo Group Holdings in a research note on Monday, July 25th. They issued a “sector weight” rating and a $30.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. Finally, Stephens lowered shares of Zayo Group Holdings from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Zayo Group Holdings currently has an average rating of “Buy” and a consensus price target of $30.15.
In other news, CEO Daniel Caruso sold 11,847 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $28.13, for a total value of $333,256.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kenneth Desgarennes sold 3,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $31.01, for a total transaction of $101,650.78. Following the completion of the transaction, the chief financial officer now owns 2,329,062 shares in the company, valued at approximately $72,224,212.62. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.
Zayo Group Holdings Company Profile
Zayo Group Holdings, Inc is a provider of bandwidth infrastructure in the United States and Europe. The Company’s products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings.
Want to see what other hedge funds are holding ZAYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zayo Group Holdings Inc. (NYSE:ZAYO).
Receive News & Ratings for Zayo Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.