Trellus Management Company adds Zayo Group Holdings Inc (ZAYO) to its portfolio

Zayo Group Holdings Inc (ZAYO) : Trellus Management Company added new position in Zayo Group Holdings Inc during the most recent quarter end. The investment management firm now holds 10,000 shares of Zayo Group Holdings Inc which is valued at $291,600 , the company said in a statement filed on Jul 18, 2016 with the SEC.Zayo Group Holdings Inc makes up approximately 0.66% of Trellus Management Company’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in ZAYO during the most recent quarter. The investment firm sold 18,400 shares of ZAYO which is valued $536,544. 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.Creative Planning reduced its stake in ZAYO by selling 3,800 shares or 47.05% in the most recent quarter. The Hedge Fund company now holds 4,276 shares of ZAYO which is valued at $123,106.Hamilton Lane Advisors reduced its stake in ZAYO by selling 36,354 shares or 6.15% in the most recent quarter. The Hedge Fund company now holds 554,725 shares of ZAYO which is valued at $15,970,533. Zayo Group Holdings Inc makes up approx 7.50% of Hamilton Lane Advisors’s portfolio.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.

Zayo Group Holdings Inc opened for trading at $28.84 and hit $29.18 on the upside on Wednesday, eventually ending the session at $29.16, with a gain of 1.43% or 0.41 points. The heightened volatility saw the trading volume jump to 87,38,561 shares. Company has a market cap of $7,063 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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