Zayo Group Holdings Inc (ZAYO) : Ionic Capital Management reduced its stake in Zayo Group Holdings Inc by 16.96% during the most recent quarter end. The investment management company now holds a total of 452,985 shares of Zayo Group Holdings Inc which is valued at $12,905,543 after selling 92,500 shares in Zayo Group Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Zayo Group Holdings Inc makes up approximately 2.22% of Ionic Capital Management’s portfolio.
Other Hedge Funds, Including , Credit Suisse Ag reduced its stake in ZAYO by selling 168,571 shares or 23.81% in the most recent quarter. The Hedge Fund company now holds 539,329 shares of ZAYO which is valued at $15,365,483. Zayo Group Holdings Inc makes up approx 0.02% of Credit Suisse Ag’s portfolio.Alliancebernstein boosted its stake in ZAYO in the latest quarter, The investment management firm added 16,873 additional shares and now holds a total of 98,317 shares of Zayo Group Holdings Inc which is valued at $2,801,051.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.
Zayo Group Holdings Inc opened for trading at $29.1 and hit $29.25 on the upside on Thursday, eventually ending the session at $29.09, with a gain of 0.28% or 0.08 points. The heightened volatility saw the trading volume jump to 33,71,195 shares. Company has a market cap of $7,059 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.