Will Zayo Group Holdings, Inc. (ZAYO) Run Out of Steam Soon?

July 13, 2018 - By Patrick Harkless

Zayo Group Holdings, Inc. (NYSE:ZAYO) Logo

Investors sentiment decreased to 1.21 in 2018 Q1. Its down 0.11, from 1.32 in 2017Q4. It is negative, as 31 investors sold Zayo Group Holdings, Inc. shares while 86 reduced holdings. 46 funds opened positions while 96 raised stakes. 209.81 million shares or 1.10% more from 207.53 million shares in 2017Q4 were reported.
Gotham Asset Mngmt Ltd Com has invested 0.02% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Fifth Third Savings Bank has 0% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO). Amp Cap Invsts holds 0.01% of its portfolio in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 62,185 shares. Us Bank De has 0% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO). Public Employees Retirement Systems Of Ohio stated it has 194,838 shares or 0.03% of all its holdings. Group One Trading L P accumulated 0.02% or 57,410 shares. Clinton Group Inc Incorporated Inc reported 12,457 shares or 0.05% of all its holdings. Metropolitan Life Insurance Company Ny accumulated 13,895 shares. Timessquare Capital Ltd Liability stated it has 1.82M shares or 0.42% of all its holdings. Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.03% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 7,300 shares. Dnb Asset Mgmt As has 0% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 16,195 shares. Massmutual Tru Communications Fsb Adv has invested 0% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Rhumbline Advisers holds 0.01% of its portfolio in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 191,983 shares. Deutsche Bancorporation Ag stated it has 1.97 million shares or 0.04% of all its holdings. Capital has 0.09% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO).

Since January 16, 2018, it had 0 insider purchases, and 21 insider sales for $209.68 million activity. Shares for $41,001 were sold by Connor Richard W. on Friday, June 29. Steinfort Matt sold 2,230 shares worth $81,150. The insider GTCR FUND X/A LP sold $173.21M. Crouch Andrew also sold $510,499 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Wednesday, April 4. On Saturday, March 31 Richardson Nina sold $21,182 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) or 623 shares. 3,869 shares valued at $144,667 were sold by Waters John F Jr. on Friday, June 29.

The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) hit a new 52-week high and has $39.72 target or 3.00 % above today’s $38.57 share price. The 6 months bullish chart indicates low risk for the $9.59 billion company. The 1-year high was reported on Jul, 13 by Barchart.com. If the $39.72 price target is reached, the company will be worth $287.58 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.90% or $0.745 during the last trading session, reaching $38.565. About 1.39 million shares traded. Zayo Group Holdings, Inc. (NYSE:ZAYO) has risen 8.61% since July 13, 2017 and is uptrending. It has underperformed by 3.96% the S&P500.

Analysts await Zayo Group Holdings, Inc. (NYSE:ZAYO) to report earnings on August, 20. They expect $0.09 EPS, down 30.77 % or $0.04 from last year’s $0.13 per share. ZAYO’s profit will be $22.37 million for 107.13 P/E if the $0.09 EPS becomes a reality. After $0.09 actual EPS reported by Zayo Group Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Zayo Group Holdings, Inc. (NYSE:ZAYO) Ratings Coverage

Among 6 analysts covering Zayo Group Holdings (NYSE:ZAYO), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Zayo Group Holdings has $4400 highest and $41.0 lowest target. $42.75’s average target is 10.85% above currents $38.565 stock price. Zayo Group Holdings had 6 analyst reports since February 8, 2018 according to SRatingsIntel. On Thursday, February 8 the stock rating was maintained by Morgan Stanley with “Overweight”. On Thursday, February 8 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was upgraded by Deutsche Bank on Wednesday, April 18 to “Buy”. The firm has “Outperform” rating given on Friday, April 13 by Raymond James. On Friday, May 4 the stock rating was maintained by Cowen & Co with “Buy”.

Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company has market cap of $9.59 billion. The firm operates in six divisions: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation , Allstream, and Other. It has a 120.52 P/E ratio. The Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies.

Zayo Group Holdings, Inc. (NYSE:ZAYO) Institutional Positions Chart

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