Zayo Group Holdings Inc (ZAYO) Shares Bought by Credit Suisse AG

Credit Suisse AG boosted its position in Zayo Group Holdings Inc (NYSE:ZAYO) by 124.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 728,741 shares of the technology company’s stock after purchasing an additional 403,914 shares during the period. Credit Suisse AG’s holdings in Zayo Group were worth $25,302,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of Zayo Group by 8.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 74,350 shares of the technology company’s stock worth $2,712,000 after acquiring an additional 6,064 shares during the period. Aperio Group LLC lifted its holdings in shares of Zayo Group by 21.3% during the 2nd quarter. Aperio Group LLC now owns 35,714 shares of the technology company’s stock worth $1,303,000 after acquiring an additional 6,279 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Zayo Group by 46.4% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,622 shares of the technology company’s stock worth $606,000 after acquiring an additional 5,272 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Zayo Group by 29.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 638,121 shares of the technology company’s stock worth $23,279,000 after acquiring an additional 143,537 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Zayo Group by 33.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,231,735 shares of the technology company’s stock worth $44,934,000 after acquiring an additional 311,759 shares during the period.

ZAYO opened at $26.32 on Friday. The company has a market cap of $6.15 billion, a P/E ratio of 43.15, a price-to-earnings-growth ratio of 9.75 and a beta of 0.64. Zayo Group Holdings Inc has a 1 year low of $21.92 and a 1 year high of $39.66. The company has a debt-to-equity ratio of 3.75, a current ratio of 1.09 and a quick ratio of 1.09.

Zayo Group (NYSE:ZAYO) last posted its earnings results on Wednesday, November 7th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The business had revenue of $641.10 million for the quarter, compared to analyst estimates of $647.21 million. Zayo Group had a return on equity of 9.51% and a net margin of 3.87%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. On average, analysts expect that Zayo Group Holdings Inc will post 0.53 earnings per share for the current year.

In related news, CEO Daniel Caruso sold 337,079 shares of the stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $29.67, for a total transaction of $10,001,133.93. Following the completion of the sale, the chief executive officer now owns 471,851 shares of the company’s stock, valued at approximately $13,999,819.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sandra Mays sold 1,586 shares of the stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $34.14, for a total transaction of $54,146.04. Following the completion of the sale, the insider now directly owns 35,800 shares of the company’s stock, valued at approximately $1,222,212. The disclosure for this sale can be found here. In the last three months, insiders have sold 343,384 shares of company stock valued at $10,216,114. Corporate insiders own 4.50% of the company’s stock.

Several brokerages have recently weighed in on ZAYO. Zacks Investment Research lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. William Blair reiterated an “outperform” rating on shares of Zayo Group in a report on Thursday, August 23rd. ValuEngine lowered shares of Zayo Group from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. TheStreet upgraded shares of Zayo Group from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Finally, Jefferies Financial Group began coverage on shares of Zayo Group in a report on Tuesday, September 4th. They set a “buy” rating and a $49.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $37.55.

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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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