Marlowe Partners Lp buys $44.1 Million stake in Zayo Group Holdings Inc (ZAYO)

Zayo Group Holdings Inc (ZAYO) : Marlowe Partners Lp scooped up 229,700 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 13, 2016. The investment management firm now holds a total of 1,640,619 shares of Zayo Group Holdings Inc which is valued at $44.1 Million.Zayo Group Holdings Inc makes up approximately 37.05% of Marlowe Partners Lp’s portfolio.

Other Hedge Funds, Including , Jasper Ridge Partners reduced its stake in ZAYO by selling 13,371 shares or 37.88% in the most recent quarter. The Hedge Fund company now holds 21,924 shares of ZAYO which is valued at $589,756. Zayo Group Holdings Inc makes up approx 0.04% of Jasper Ridge Partners’s portfolio.Utah Retirement Systems boosted its stake in ZAYO in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 25,700 shares of Zayo Group Holdings Inc which is valued at $691,330. Zayo Group Holdings Inc makes up approx 0.02% of Utah Retirement Systems’s portfolio.Pbwm Holdings boosted its stake in ZAYO in the latest quarter, The investment management firm added 883 additional shares and now holds a total of 26,938 shares of Zayo Group Holdings Inc which is valued at $731,097. Zayo Group Holdings Inc makes up approx 0.27% of Pbwm Holdings’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.

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.

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