Noteworthy Price Action: Is Buying All-time Stock Like Zayo Group Holdings Inc a Winning Strategy?

Noteworthy Price Action: Is Buying All time Stock Like Zayo Group Holdings Inc a Winning Strategy?

The stock of Zayo Group Holdings Inc (NYSE:ZAYO) reached all time high today, Oct, 28 and still has $38.54 target or 20.00% above today’s $32.12 share price. This indicates more upside for the $7.84 billion company. This technical setup was reported by Barchart.com. If the $38.54 PT is reached, the company will be worth $1.57 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 2.09M shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 33.14% since March 28, 2016 and is uptrending. It has outperformed by 28.42% 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. Zayo Group Holdings has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, August 30 by Oppenheimer. The rating was downgraded by Stephens on Friday, August 26 to “Equal-Weight”. The firm earned “Strong Buy” rating on Monday, September 21 by Raymond James. The stock has “Market Perform” rating given by FBR Capital on Thursday, March 24. The firm earned “Outperform” rating on Monday, November 30 by Macquarie Research. Barclays Capital maintained it with “Overweight” rating and $34 target price in Monday, September 21 report. The company was upgraded on Wednesday, April 20 by BTIG Research. The company was downgraded on Wednesday, August 5 by MoffettNathanson. Suntrust Robinson initiated Zayo Group Holdings Inc (NYSE:ZAYO) rating on Tuesday, November 24. Suntrust Robinson has “Buy” rating and $34 price target. Moffett Nathanson downgraded Zayo Group Holdings Inc (NYSE:ZAYO) on Wednesday, August 5 to “Neutral” rating.

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 2016 Q2. Its up 0.92, from 0.92 in 2016Q1. The ratio improved, 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.
Tygh Capital Mngmt, a Oregon-based fund reported 166,701 shares. Moreover, Battery Prtnrs Viii Limited Company has 100% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 1.22M shares. Vanguard last reported 0.01% of its portfolio in the stock. Raymond James Services Advsrs Inc has invested 0.17% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Numeric Invsts Limited Liability Company has 7,300 shares for 0% of their US portfolio. Moreover, Hsbc Holdg Public Limited has 0% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 8,690 shares. Boothbay Fund Management holds 0.48% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 36,400 shares. Massmutual Tru Fsb Adv reported 10,023 shares or 0% of all its holdings. Steadfast Advsr Lp accumulated 105,355 shares or 1.81% of the stock. Sei holds 5,636 shares or 0% of its portfolio. Bnp Paribas Arbitrage reported 580,377 shares or 0.07% of all its holdings. Wade G W And accumulated 8,793 shares or 0.04% of the stock. Moreover, Ubs Asset Mgmt Americas Inc has 0% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 12,964 shares. Waratah Cap Advsrs Ltd, a Ontario – Canada-based fund reported 89,090 shares. Picton Mahoney Asset Mngmt has 0.06% invested in the company for 35,700 shares.

Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 34 selling transactions for $21.09 million net activity. 6,453 Zayo Group Holdings Inc (NYSE:ZAYO) shares with value of $206,496 were sold by Rottenberg Linda. $855,798 worth of shares were sold by Morley Christopher on Monday, October 3. $1.86 million worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares were sold by desGarennes Kenneth. Caruso Daniel had sold 70,325 shares worth $2.13M. $135,000 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Connor Richard W. on Friday, May 6. $71,145 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares were sold by Erickson Matthew. On Monday, October 3 Richardson Nina sold $26,747 worth of the stock or 907 shares.

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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