Zayo Group Holdings Inc (NYSE:ZAYO) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of Zayo Group Holdings Inc (NYSE:ZAYO) by 16.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 438,700 shares of the technology company’s stock after acquiring an additional 61,900 shares during the quarter. New York State Common Retirement Fund owned about 0.19% of Zayo Group worth $12,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Zayo Group during the 1st quarter valued at about $53,000. Strs Ohio raised its stake in shares of Zayo Group by 28.0% during the 1st quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock valued at $78,000 after buying an additional 604 shares during the last quarter. Ffcm LLC raised its stake in shares of Zayo Group by 104.3% during the 4th quarter. Ffcm LLC now owns 2,832 shares of the technology company’s stock valued at $65,000 after buying an additional 1,446 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Zayo Group by 1,618.3% during the 1st quarter. Quadrant Capital Group LLC now owns 3,282 shares of the technology company’s stock valued at $90,000 after buying an additional 3,091 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Zayo Group by 14.1% during the 4th quarter. American International Group Inc. now owns 5,484 shares of the technology company’s stock valued at $125,000 after buying an additional 676 shares during the last quarter. 92.66% of the stock is owned by institutional investors.

In other Zayo Group news, insider Sandra Mays sold 2,745 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were 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 SEC, which is available at this link. Also, CEO Daniel Caruso sold 432,200 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $32.65, for a total transaction of $14,111,330.00. Following the completion of the transaction, the chief executive officer now directly owns 380,547 shares of the company’s stock, valued at $12,424,859.55. The disclosure for this sale can be found here. Insiders have sold 1,420,034 shares of company stock valued at $46,425,804 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Shares of ZAYO traded up $0.14 during mid-day trading on Wednesday, hitting $33.14. 1,740,832 shares of the company’s stock were exchanged, compared to its average volume of 5,609,491. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 54.33, a P/E/G ratio of 13.31 and a beta of 0.82. Zayo Group Holdings Inc has a fifty-two week low of $20.27 and a fifty-two week high of $39.66. The company has a 50 day simple moving average of $32.76. The company has a debt-to-equity ratio of 4.84, a current ratio of 0.83 and a quick ratio of 0.83.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $647.20 million for the quarter, compared to analysts’ expectations of $639.98 million. Zayo Group had a return on equity of 9.56% and a net margin of 5.06%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. On average, analysts expect that Zayo Group Holdings Inc will post 0.5 earnings per share for the current year.

ZAYO has been the subject of a number of recent research reports. Cowen lowered Zayo Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $37.00 to $35.00 in a research note on Wednesday, May 15th. ValuEngine upgraded Zayo Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Craig Hallum cut Zayo Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Wells Fargo & Co cut Zayo Group from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $34.00 to $35.00 in a report on Wednesday, May 8th. Finally, Raymond James lowered Zayo Group from an “outperform” rating to a “market perform” rating and set a $32.74 target price on the stock. in a research report on Wednesday, May 22nd. Thirteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.02.

About Zayo Group

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.

Read More: Price to Earnings Ratio (PE) Basics

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

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