Zayo Group Holdings Inc (ZAYO) : Avenir Corp reduced its stake in Zayo Group Holdings Inc by 2.3% during the most recent quarter end. The investment management company now holds a total of 2,507,060 shares of Zayo Group Holdings Inc which is valued at $67.4 Million after selling 59,032 shares in Zayo Group Holdings Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Zayo Group Holdings Inc makes up approximately 5.59% of Avenir Corp’s portfolio.
Other Hedge Funds, Including , Pacer Advisors boosted its stake in ZAYO in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 436 shares of Zayo Group Holdings Inc which is valued at $11,728.Thrivent Financial For Lutherans reduced its stake in ZAYO by selling 6,540 shares or 5.41% in the most recent quarter. The Hedge Fund company now holds 114,260 shares of ZAYO which is valued at $3.1 Million. Zayo Group Holdings Inc makes up approx 0.02% of Thrivent Financial For Lutherans’s portfolio. Cornerstone Capital Management Holdings. added ZAYO to its portfolio by purchasing 20,627 company shares during the most recent quarter which is valued at $554,866.Thompson Davis boosted its stake in ZAYO in the latest quarter, The investment management firm added 5,753 additional shares and now holds a total of 9,503 shares of Zayo Group Holdings Inc which is valued at $257,911. Zayo Group Holdings Inc makes up approx 0.39% of Thompson Davis’s portfolio.Quantbot Technologies Lp boosted its stake in ZAYO in the latest quarter, The investment management firm added 3,356 additional shares and now holds a total of 12,983 shares of Zayo Group Holdings Inc which is valued at $337,039. Zayo Group Holdings Inc makes up approx 0.05% of Quantbot Technologies Lp’s portfolio.
Zayo Group Holdings Inc opened for trading at $27.83 and hit $27.96 on the upside on Wednesday, eventually ending the session at $27.88, with a gain of 0.76% or 0.21 points. The heightened volatility saw the trading volume jump to 9,10,368 shares. Company has a market cap of $6,753 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.