Hamilton Lane Advisors Lowers stake in Zayo Group Holdings Inc (ZAYO)

Zayo Group Holdings Inc (ZAYO) : Hamilton Lane Advisors reduced its stake in Zayo Group Holdings Inc by 6.15% during the most recent quarter end. The investment management company now holds a total of 554,725 shares of Zayo Group Holdings Inc which is valued at $15,970,533 after selling 36,354 shares in Zayo Group Holdings Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Zayo Group Holdings Inc makes up approximately 7.50% of Hamilton Lane Advisors’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp sold out all of its stake in ZAYO during the most recent quarter. The investment firm sold 3,756 shares of ZAYO which is valued $108,135.Norman Fields Gottscho Capital Management boosted its stake in ZAYO in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 19,550 shares of Zayo Group Holdings Inc which is valued at $562,845. Zayo Group Holdings Inc makes up approx 0.38% of Norman Fields Gottscho Capital Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ZAYO by selling 66,917 shares or 10.34% in the most recent quarter. The Hedge Fund company now holds 580,377 shares of ZAYO which is valued at $16,534,941. Zayo Group Holdings Inc makes up approx 0.07% of Bnp Paribas Arbitrage Sa’s portfolio.

Zayo Group Holdings Inc opened for trading at $28.83 and hit $28.9 on the upside on Friday, eventually ending the session at $28.77, with a gain of 0.45% or 0.13 points. The heightened volatility saw the trading volume jump to 27,65,031 shares. Company has a market cap of $6,969 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.

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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