In today’s session Zayo Group Holdings Inc (ZAYO) registered an unusually high (472) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious ZAYO increase. With 472 contracts traded and 84154 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: ZAYO161021C00030000 closed last at: $1.3 or 36.8% up. About 719,503 shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 27.92% since March 4, 2016 and is uptrending. It has outperformed by 19.88% the S&P500.
Zayo Group Holdings Inc (NYSE:ZAYO) Ratings Coverage
Out of 11 analysts covering Zayo Group Holdings (NYSE:ZAYO), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. $35 is the highest target while $26 is the lowest. The $32.71 average target is 7.04% above today’s ($30.56) stock price. Zayo Group Holdings has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Tuesday, November 24 the stock rating was initiated by Suntrust Robinson with “Buy”. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Overweight” rating given on Monday, September 21 by Barclays Capital. The stock has “Equal-Weight” rating given by Stephens on Friday, August 26. The company was downgraded on Wednesday, August 5 by MoffettNathanson. The rating was maintained by Oppenheimer on Tuesday, August 30 with “Outperform”. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Buy” rating given on Wednesday, April 20 by BTIG Research. The rating was downgraded by Moffett Nathanson on Wednesday, August 5 to “Neutral”. Raymond James maintained Zayo Group Holdings Inc (NYSE:ZAYO) rating on Monday, September 21. Raymond James has “Strong Buy” rating and $34 price target. The firm earned “Overweight” rating on Monday, September 21 by JP Morgan. The rating was initiated by FBR Capital with “Market Perform” on Thursday, March 24.
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.”
Insitutional Activity: The institutional sentiment increased to 1.84 in Q2 2016. Its up 0.92, from 0.92 in 2016Q1. The ratio is positive, 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.
Voya Invest Limited Liability Company, a Georgia-based fund reported 70,826 shares. Tudor Inv Et Al holds 120,846 shares or 0.07% of its portfolio. D E Shaw & holds 0.04% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 781,023 shares. Calamos Advisors Limited Liability Co, a Illinois-based fund reported 976,501 shares. Fred Alger Mgmt Incorporated last reported 108,134 shares in the company. Corvex Management L P has invested 0.04% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Weiss Multi, a Alabama-based fund reported 55,000 shares. The New York-based Cadian Cap Mgmt Limited Partnership has invested 8.6% in Zayo Group Holdings Inc (NYSE:ZAYO). Steadfast Cap Management Limited Partnership owns 2.56 million shares or 1.82% of their US portfolio. Beach Point Capital Mngmt L P holds 7.55% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 500,834 shares. Ubs Oconnor Limited Liability Company accumulated 0% or 164,523 shares. Columbia Wanger Asset Management Limited Liability Co holds 0.32% or 998,774 shares in its portfolio. Barclays Public Ltd last reported 0% of its portfolio in the stock. Blackrock Fund Advisors accumulated 1.41 million shares or 0.01% of the stock. Manufacturers Life Insur Com The holds 0% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 6,778 shares.
Insider Transactions: Since April 8, 2016, the stock had 0 insider buys, and 35 insider sales for $23.62 million net activity. On Tuesday, April 19 Caruso Daniel sold $251,500 worth of the stock or 10,000 shares. Connor Richard W. had sold 5,000 shares worth $135,000 on Friday, May 6. $49,271 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by desGarennes Kenneth on Thursday, June 30. 28,561 shares with value of $855,798 were sold by Morley Christopher on Monday, October 3. Shares for $2.12M were sold by Erickson Matthew on Tuesday, April 19. Another trade for 907 shares valued at $26,747 was sold by Richardson Nina. On Monday, October 3 Rottenberg Linda sold $15,866 worth of the stock or 538 shares.
Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States, Canada and Europe. The company has a market cap of $7.40 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.
ZAYO Company Profile
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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