Fleming James B Jr buys $502,730,334 stake in Zayo Group Holdings Inc (ZAYO)

Zayo Group Holdings Inc (ZAYO) : Fleming James B Jr scooped up 17,299 additional shares in Zayo Group Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 18,688,860 shares of Zayo Group Holdings Inc which is valued at $502,730,334.Zayo Group Holdings Inc makes up approximately 100.00% of Fleming James B Jr’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in ZAYO by selling 159,612 shares or 8.02% in the most recent quarter. The Hedge Fund company now holds 1,830,686 shares of ZAYO which is valued at $49,245,453. Zayo Group Holdings Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.State Of Wisconsin Investment Board reduced its stake in ZAYO by selling 4,620 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 252,504 shares of ZAYO which is valued at $6,852,959. Zayo Group Holdings Inc makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in ZAYO in the latest quarter, The investment management firm added 36,345 additional shares and now holds a total of 150,821 shares of Zayo Group Holdings Inc which is valued at $4,093,282. Zayo Group Holdings Inc makes up approx 0.02% of State Board Of Administration Of Florida Retirement System’s portfolio.Russell Frank Co boosted its stake in ZAYO in the latest quarter, The investment management firm added 1,847 additional shares and now holds a total of 13,385 shares of Zayo Group Holdings Inc which is valued at $347,475.Public Employees Retirement Association Of Colorado reduced its stake in ZAYO by selling 8 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 4,607 shares of ZAYO which is valued at $119,598.

Zayo Group Holdings Inc opened for trading at $26.91 and hit $27.205 on the upside on Monday, eventually ending the session at $27.09, with a gain of 0.71% or 0.19 points. The heightened volatility saw the trading volume jump to 14,88,215 shares. Company has a market cap of $6,562 M.

On the company’s financial health, Zayo Group Holdings Inc reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.01. The company had revenue of $478.00 million for the quarter, compared to analysts expectations of $465.40 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.

Many Wall Street Analysts have commented on Zayo Group Holdings Inc. FBR Capital Reiterated Zayo Group Holdings Inc on Mar 24, 2016 to “Mkt Perform”, Price Target of the shares are set at $26.Shares were Reiterated by Barclays on Feb 16, 2016 to “Overweight” and Lowered the Price Target to $ 30 from a previous price target of $34 .

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. Its products and services include physical infrastructure and cloud and connectivity. It operates through three segments: Physical Infrastructure Cloud and Connectivity and Other. Its bandwidth infrastructure assets consist of fiber networks the optronic equipment used to provide its lit services over its fiber networks and its datacenters where it provides colocation and interconnection services. The Company through metro fiber networks provides bandwidth infrastructure services within the metro markets that it serves. The Company through regional fiber networks provides bandwidth infrastructure services between the metro markets that it serves.

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