The 29,131 Shares in Zayo Group Holdings Inc. (ZAYO) Acquired by Partner Investment Management L.P.

The 29,131 Shares in Zayo Group Holdings Inc. (ZAYO) Acquired by Partner Investment Management L.P.

Partner Investment Management L.P. acquired a new stake in shares of Zayo Group Holdings Inc. (NYSE:ZAYO) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 29,131 shares of the company’s stock, valued at approximately $865,000.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Zayo Group Holdings during the third quarter valued at $141,000. Public Employees Retirement Association of Colorado increased its position in shares of Zayo Group Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,262 shares of the company’s stock valued at $156,000 after buying an additional 21 shares during the period. Sei Investments Co. acquired a new position in shares of Zayo Group Holdings during the second quarter valued at $157,000. Fifth Third Bancorp increased its position in shares of Zayo Group Holdings by 926.9% in the second quarter. Fifth Third Bancorp now owns 7,065 shares of the company’s stock valued at $197,000 after buying an additional 6,377 shares during the period. Finally, Numeric Investors LLC acquired a new position in shares of Zayo Group Holdings during the second quarter valued at $204,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Shares of Zayo Group Holdings Inc. (NYSE:ZAYO) traded down 0.47% on Thursday, reaching $31.85. The company’s stock had a trading volume of 1,023,907 shares. The company has a 50 day moving average of $32.84 and a 200 day moving average of $30.90. Zayo Group Holdings Inc. has a 1-year low of $19.59 and a 1-year high of $35.65. The stock’s market capitalization is $7.74 billion.

Zayo Group Holdings (NYSE:ZAYO) last released its earnings results on Tuesday, November 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $504.90 million for the quarter, compared to analyst estimates of $511.81 million. Zayo Group Holdings had a negative return on equity of 0.93% and a negative net margin of 2.44%. The company’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Equities research analysts expect that Zayo Group Holdings Inc. will post $0.31 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on ZAYO shares. Stifel Nicolaus started coverage on shares of Zayo Group Holdings in a report on Friday, January 13th. They issued a “buy” rating and a $40.00 price target on the stock. SunTrust Banks Inc. assumed coverage on shares of Zayo Group Holdings in a research note on Monday, December 12th. They set a “buy” rating and a $39.00 price objective on the stock. Zacks Investment Research raised shares of Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Saturday, November 12th. Goldman Sachs Group Inc. raised shares of Zayo Group Holdings from a “buy” rating to a “conviction-buy” rating and set a $39.00 price objective on the stock in a research note on Monday, October 31st. Finally, Morgan Stanley cut shares of Zayo Group Holdings from an “overweight” rating to an “equal weight” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, December 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.21.

In related news, CFO Kenneth Desgarennes sold 233,378 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $35.08, for a total transaction of $8,186,900.24. Following the transaction, the chief financial officer now owns 994,228 shares of the company’s stock, valued at $34,877,518.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard W. Connor sold 1,269 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $33.03, for a total value of $41,915.07. Following the transaction, the director now directly owns 144,790 shares in the company, valued at approximately $4,782,413.70. The disclosure for this sale can be found here. In the last three months, insiders sold 977,673 shares of company stock worth $32,845,051. Corporate 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, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services.

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