Swiss National Bank Has $28.50 Million Stake in Zayo Group Holdings Inc (ZAYO)

Swiss National Bank cut its stake in Zayo Group Holdings Inc (NYSE:ZAYO) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 820,900 shares of the technology company’s stock after selling 26,600 shares during the quarter. Swiss National Bank owned 0.33% of Zayo Group worth $28,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Zayo Group by 0.7% during the second quarter. Public Employees Retirement System of Ohio now owns 196,197 shares of the technology company’s stock valued at $7,157,000 after acquiring an additional 1,359 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Zayo Group by 12.7% during the second quarter. Metropolitan Life Insurance Co. NY now owns 15,662 shares of the technology company’s stock valued at $571,000 after acquiring an additional 1,767 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Zayo Group by 9.2% during the third quarter. Toronto Dominion Bank now owns 22,952 shares of the technology company’s stock valued at $797,000 after acquiring an additional 1,937 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Zayo Group by 26.0% during the third quarter. IFM Investors Pty Ltd now owns 9,484 shares of the technology company’s stock valued at $329,000 after acquiring an additional 1,955 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Zayo Group by 30.5% during the second quarter. D.A. Davidson & CO. now owns 9,871 shares of the technology company’s stock valued at $360,000 after acquiring an additional 2,307 shares during the last quarter.

A number of analysts recently commented on ZAYO shares. SunTrust Banks reaffirmed a “buy” rating and set a $38.00 price target on shares of Zayo Group in a research report on Thursday, November 8th. Moffett Nathanson raised Zayo Group from a “neutral” rating to a “buy” rating in a research report on Monday, October 15th. Jefferies Financial Group started coverage on Zayo Group in a research report on Tuesday, September 4th. They set a “buy” rating and a $49.00 price target for the company. BTIG Research downgraded Zayo Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 8th. Finally, UBS Group downgraded Zayo Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $45.00 to $32.00 in a research report on Thursday, November 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.55.

In other news, CTO John F. Jr. Waters sold 1,251 shares of the firm’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $34.08, for a total value of $42,634.08. Following the completion of the transaction, the chief technology officer now directly owns 80,616 shares of the company’s stock, valued at $2,747,393.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel Caruso sold 337,079 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $29.67, for a total value of $10,001,133.93. Following the completion of the transaction, the chief executive officer now directly owns 471,851 shares of the company’s stock, valued at $13,999,819.17. The disclosure for this sale can be found here. Insiders sold 343,384 shares of company stock valued at $10,216,114 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Zayo Group stock opened at $25.49 on Monday. Zayo Group Holdings Inc has a one year low of $21.92 and a one year high of $39.66. The company has a debt-to-equity ratio of 3.75, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $6.03 billion, a PE ratio of 41.79, a P/E/G ratio of 9.56 and a beta of 0.64.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Zayo Group had a return on equity of 9.51% and a net margin of 3.87%. The company had revenue of $641.10 million during the quarter, compared to the consensus estimate of $647.21 million. During the same period in the previous year, the business earned $0.09 earnings per share. Zayo Group’s revenue was down .3% on a year-over-year basis. Analysts anticipate that Zayo Group Holdings Inc will post 0.53 EPS for the current fiscal year.

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About Zayo Group

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

Read More: Asset Allocation

Institutional Ownership by Quarter for Zayo Group (NYSE:ZAYO)

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