Zimmer Partners LP lowered its holdings in Zayo Group Holdings Inc (NYSE:ZAYO) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,691,800 shares of the technology company’s stock after selling 309,700 shares during the period. Zayo Group makes up about 2.4% of Zimmer Partners LP’s portfolio, making the stock its 14th largest holding. Zimmer Partners LP owned approximately 1.09% of Zayo Group worth $99,058,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC bought a new stake in Zayo Group in the 4th quarter valued at about $126,000. SG Americas Securities LLC bought a new stake in shares of Zayo Group during the 4th quarter worth approximately $141,000. American International Group Inc. bought a new stake in shares of Zayo Group during the 4th quarter worth approximately $162,000. Cadence Capital Management LLC bought a new stake in shares of Zayo Group during the 3rd quarter worth approximately $232,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Zayo Group during the 3rd quarter worth approximately $235,000. 87.26% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on ZAYO shares. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 price target on shares of Zayo Group in a report on Thursday, December 7th. Morgan Stanley raised shares of Zayo Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $33.00 to $40.00 in a report on Tuesday, December 12th. Citigroup reaffirmed a “buy” rating on shares of Zayo Group in a report on Thursday, December 14th. Barclays reaffirmed a “buy” rating and set a $41.00 price target on shares of Zayo Group in a report on Friday, January 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Zayo Group in a report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.09.
Shares of Zayo Group Holdings Inc (NYSE ZAYO) opened at $36.91 on Wednesday. Zayo Group Holdings Inc has a 12-month low of $29.73 and a 12-month high of $37.95. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $9,332.17, a price-to-earnings ratio of 62.70, a PEG ratio of 19.73 and a beta of 0.49.
Zayo Group (NYSE:ZAYO) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.10. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. The company had revenue of $653.50 million during the quarter, compared to analysts’ expectations of $650.79 million. research analysts anticipate that Zayo Group Holdings Inc will post 0.38 EPS for the current year.
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About Zayo Group
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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