November 24, 2016 - By Marie Mckinney
Kenneth Desgarennes, an insider of Zayo Group Holdings Inc, currently Chief Financial Officer not a long ago disclosed a substantial transaction with the Washington-based SEC. As shown in the public form, Kenneth Desgarennes purchased 322,058 shares of the firm, priced at $35.0 per share. $11,275,787 USD was the transaction’s value. The SEC document’s date was 23/11/2016. He also sold 222,312 shares with a total value of about $7,656,192 USD in the last 30 days. Being a significant trade, it will most likely not go hidden. Kenneth Desgarennes now holds 0.67% of Zayo Group Holdings Inc’s total market cap with ownership of 1.62 million shares.
Out of 12 analysts covering Zayo Group Holdings (NYSE:ZAYO), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. $35 is the highest target while $26 is the lowest. The $32.71 average target is -4.89% below today’s ($34.39) stock price. Zayo Group Holdings has been the topic of 12 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the stock with “Buy” rating in Monday, October 31 report. Moffett Nathanson downgraded Zayo Group Holdings Inc (NYSE:ZAYO) on Wednesday, August 5 to “Neutral” rating. The firm has “Strong Buy” rating given on Monday, September 21 by Raymond James. Oppenheimer maintained it with “Outperform” rating and $35 target price in Tuesday, August 30 report. On Wednesday, April 20 the stock rating was upgraded by BTIG Research to “Buy”. FBR Capital initiated Zayo Group Holdings Inc (NYSE:ZAYO) rating on Thursday, March 24. FBR Capital has “Market Perform” rating and $26 price target. JP Morgan maintained it with “Overweight” rating and $35 target price in Monday, September 21 report. The company was initiated on Tuesday, November 24 by Suntrust Robinson. The rating was upgraded by Macquarie Research to “Outperform” on Monday, November 30. Stephens downgraded the shares of ZAYO in a report on Friday, August 26 to “Equal-Weight” rating.
Insitutional Activity: The institutional sentiment decreased to 1.83 in Q2 2016. Its down 0.01, from 1.84 in 2016Q1. The ratio is negative, as 28 funds sold all Zayo Group Holdings Inc shares owned while 33 reduced positions. 37 funds bought stakes while 75 increased positions. They now own 135.00 million shares or 6.73% more from 126.49 million shares in 2016Q1.
The New York-based Amalgamated Bancorp has invested 0.04% in Zayo Group Holdings Inc (NYSE:ZAYO). Moreover, Fleming James B Jr has 100% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 13.26M shares. California State Teachers Retirement Systems has 0.02% invested in the company for 345,391 shares. Thompson Siegel & Walmsley Ltd Liability Co accumulated 522 shares or 0% of the stock. Moreover, Tiaa Cref Management Ltd Co has 0.01% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 461,502 shares. Seven Locks Capital Management Ltd Partnership reported 260,226 shares or 3.96% of all its holdings. Steadfast Cap Mgmt Lp last reported 2.56 million shares in the company. Sei Invs last reported 0% of its portfolio in the stock. The New York-based Geduld E E has invested 0.37% in Zayo Group Holdings Inc (NYSE:ZAYO). Hbk Invests Lp has 33,980 shares for 0.01% of their US portfolio. Citigroup accumulated 0% or 18,022 shares. Pnc Finance Ser Grp has invested 0% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Moreover, Manufacturers Life Insur The has 0% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 6,778 shares. Ubs Oconnor Ltd Llc has 164,523 shares for 0% of their US portfolio. Bnp Paribas Arbitrage holds 580,377 shares or 0.07% of its portfolio.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 36 sales for $40.09 million net activity. Richardson Nina sold 907 shares worth $26,747. $855,798 worth of shares were sold by Morley Christopher on Monday, October 3. desGarennes Kenneth also sold $1.86M worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares. $378,560 worth of shares were sold by Caruso Daniel on Wednesday, August 31. Rottenberg Linda also sold $193,590 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares. Erickson Matthew sold $71,145 worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Thursday, June 30. Connor Richard W. also sold $427,500 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares.
The stock decreased 0.38% or $0.13 during the last trading session, hitting $34.39. About 3.11 million shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 35.81% since April 21, 2016 and is uptrending. It has outperformed by 30.48% the S&P500.
Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States, Canada and Europe. The company has a market cap of $8.21 billion. The Firm operates in five divisions, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. It currently has negative earnings. The Company’s key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol connectivity and cloud services.
According to Zacks Investment Research, “Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure services, including dark fiber, wavelengths, SONET, Ethernet, IP services, and carrier-neutral colocation and interconnection. Its customers include wireline and wireless carriers, and high-bandwidth enterprises from disaster recovery, media content, educational, financial, government, healthcare, and other industries. Zayo Group Holdings, Inc. is headquartered in Boulder, Colorado.”
Analysts await Zayo Group Holdings Inc (NYSE:ZAYO) to report earnings on February, 10. They expect $0.07 EPS, up 275.00% or $0.11 from last year’s $-0.04 per share. ZAYO’s profit will be $16.71 million for 122.82 P/E if the $0.07 EPS becomes a reality. After $0.06 actual EPS reported by Zayo Group Holdings Inc for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
Zayo Group Holdings, Inc., incorporated on November 13, 2007, is a well-known provider of bandwidth infrastructure in the United States, Canada and Europe. The Firm operates in five divisions, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. The Company’s key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services. The Company’s services and products enable high-bandwidth applications, such as cloud computing, video, mobile, social media and machine-to-machine connectivity. As of June 30, 2016, the Company owned fiber networks in 300 metro markets, including metro, such as New York, Chicago, San Francisco, Paris, and London, as well as smaller metro, such as Allentown, Pennsylvania, Fargo, North Dakota, and Spokane, Washington. The Firm also provides its network-neutral colocation and interconnection services utilizing its own data centers.
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