Pacific Alternative Asset Management Company buys $2,850,994 stake in Zayo Group Holdings Inc (ZAYO)

Zayo Group Holdings Inc (ZAYO) : Pacific Alternative Asset Management Company scooped up 70,125 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 Aug 15, 2016. The investment management firm now holds a total of 100,070 shares of Zayo Group Holdings Inc which is valued at $2,850,994.Zayo Group Holdings Inc makes up approximately 1.70% of Pacific Alternative Asset Management Company’s portfolio.

Other Hedge Funds, Including , Ionic Capital Management reduced its stake in ZAYO by selling 92,500 shares or 16.96% in the most recent quarter. The Hedge Fund company now holds 452,985 shares of ZAYO which is valued at $12,905,543. Zayo Group Holdings Inc makes up approx 2.22% of Ionic Capital Management’s portfolio.Thrivent Financial For Lutherans boosted its stake in ZAYO in the latest quarter, The investment management firm added 32,080 additional shares and now holds a total of 146,340 shares of Zayo Group Holdings Inc which is valued at $4,169,227. Zayo Group Holdings Inc makes up approx 0.02% of Thrivent Financial For Lutherans’s portfolio. Cornerstone Capital Management Holdings. sold out all of its stake in ZAYO during the most recent quarter. The investment firm sold 20,627 shares of ZAYO which is valued $587,663.Three Peaks Capital Management boosted its stake in ZAYO in the latest quarter, The investment management firm added 79,074 additional shares and now holds a total of 340,088 shares of Zayo Group Holdings Inc which is valued at $9,634,693. Zayo Group Holdings Inc makes up approx 1.61% of Three Peaks Capital Management’s portfolio. Donald L. Hagan sold out all of its stake in ZAYO during the most recent quarter. The investment firm sold 709 shares of ZAYO which is valued $21,071.

Zayo Group Holdings Inc opened for trading at $29.72 and hit $30.08 on the upside on Wednesday, eventually ending the session at $30.04, with a gain of 0.77% or 0.23 points. The heightened volatility saw the trading volume jump to 3,104,336 shares. Company has a market cap of $7,289 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. Zayo Group Holdings Inc was Initiated by Pacific Crest to “Sector Weight” on Jul 25, 2016.

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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