Point72 Hong Kong Ltd Has $95,000 Position in Zayo Group Holdings Inc (NYSE:ZAYO)

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Point72 Hong Kong Ltd grew its holdings in Zayo Group Holdings Inc (NYSE:ZAYO) by 28.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,876 shares of the technology company’s stock after purchasing an additional 630 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Zayo Group were worth $95,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ZAYO. CIBC Private Wealth Group LLC grew its position in Zayo Group by 3.2% during the second quarter. CIBC Private Wealth Group LLC now owns 10,454 shares of the technology company’s stock worth $344,000 after buying an additional 323 shares in the last quarter. First Mercantile Trust Co. grew its position in Zayo Group by 2.0% during the second quarter. First Mercantile Trust Co. now owns 20,869 shares of the technology company’s stock worth $687,000 after buying an additional 405 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Zayo Group by 9.5% during the second quarter. Nisa Investment Advisors LLC now owns 5,145 shares of the technology company’s stock worth $169,000 after buying an additional 445 shares in the last quarter. Toronto Dominion Bank grew its position in Zayo Group by 1.3% during the second quarter. Toronto Dominion Bank now owns 36,664 shares of the technology company’s stock worth $1,206,000 after buying an additional 460 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Zayo Group by 138.5% during the first quarter. Advisory Services Network LLC now owns 992 shares of the technology company’s stock worth $28,000 after buying an additional 576 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.

NYSE ZAYO opened at $33.86 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.48. The stock’s 50 day moving average is $33.80 and its two-hundred day moving average is $32.28. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 9.13 and a beta of 0.77. Zayo Group Holdings Inc has a 1-year low of $20.27 and a 1-year high of $34.96.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings data on Wednesday, August 21st. The technology company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. Zayo Group had a return on equity of 11.27% and a net margin of 5.82%. The company had revenue of $650.60 million for the quarter, compared to the consensus estimate of $642.86 million. During the same period in the previous year, the business earned $0.18 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that Zayo Group Holdings Inc will post 0.74 earnings per share for the current year.

In related news, insider Sandra Mays sold 3,395 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $33.05, for a total value of $112,204.75. Following the completion of the transaction, the insider now owns 55,764 shares in the company, valued at approximately $1,843,000.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matt Steinfort sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $33.82, for a total transaction of $152,190.00. Following the completion of the transaction, the chief financial officer now owns 49,935 shares of the company’s stock, valued at approximately $1,688,801.70. The disclosure for this sale can be found here. Insiders sold 1,054,248 shares of company stock valued at $35,593,455 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Separately, ValuEngine downgraded Zayo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Zayo Group presently has a consensus rating of “Hold” and a consensus price target of $33.85.

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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