The stock of Zayo Group Holdings Inc (NYSE:ZAYO) hit a new 52-week high and has $47.45 target or 47.00% above today’s $32.28 share price. The 8 months bullish chart indicates low risk for the $7.88B company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $47.45 price target is reached, the company will be worth $3.70B 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. About 1.61 million 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 rating was downgraded by Stephens on Friday, August 26 to “Equal-Weight”. The rating was maintained by Barclays Capital with “Overweight” on Monday, September 21. Macquarie Research upgraded Zayo Group Holdings Inc (NYSE:ZAYO) on Monday, November 30 to “Outperform” rating. The rating was upgraded by BTIG Research on Wednesday, April 20 to “Buy”. On Monday, September 21 the stock rating was maintained by JP Morgan with “Overweight”. Moffett Nathanson downgraded Zayo Group Holdings Inc (NYSE:ZAYO) on Wednesday, August 5 to “Neutral” rating. The stock has “Strong Buy” rating given by Raymond James on Monday, September 21. The company was downgraded on Wednesday, August 5 by MoffettNathanson. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Market Perform” rating given on Thursday, March 24 by FBR Capital. Oppenheimer maintained Zayo Group Holdings Inc (NYSE:ZAYO) on Tuesday, August 30 with “Outperform” 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 Q2 2016. Its up 0.92, from 0.92 in 2016Q1. The ratio increased, 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.
New York State Common Retirement Fund reported 389,700 shares or 0.02% of all its holdings. Geode Cap Mngmt Ltd Limited Liability Company owns 335,673 shares or 0.01% of their US portfolio. Metropolitan Life Insurance Ny holds 12,280 shares or 0% of its portfolio. Carlson Cap Lp last reported 0.29% of its portfolio in the stock. Seven Locks Capital Mngmt L P holds 3.96% or 260,226 shares in its portfolio. Amer Intl Grp, a New York-based fund reported 4,025 shares. Verition Fund Mgmt Ltd Llc last reported 36,022 shares in the company. Thompson Siegel & Walmsley Ltd Liability holds 0% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 522 shares. The New Jersey-based Princeton Alpha Mngmt L P has invested 0.05% in Zayo Group Holdings Inc (NYSE:ZAYO). Calamos Llc, a Illinois-based fund reported 976,501 shares. Hamilton Lane Advisors Limited Liability Corp has 554,725 shares for 7.46% of their US portfolio. Janus Cap Ltd Liability Com holds 0% or 47,500 shares in its portfolio. Mycio Wealth Prns Limited Liability Corp has 0.22% invested in the company for 45,287 shares. Pacific Alternative Asset Ltd Liability reported 100,070 shares or 1.42% of all its holdings. Credit Suisse Ag reported 539,329 shares or 0.02% of all its holdings.
Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 34 selling transactions for $21.09 million net activity. 15,000 shares were sold by Connor Richard W., worth $427,500 on Friday, July 8. desGarennes Kenneth had sold 62,500 shares worth $1.85 million. 6,453 shares were sold by Rottenberg Linda, worth $193,590 on Wednesday, September 7. 1,025 Zayo Group Holdings Inc (NYSE:ZAYO) shares with value of $28,557 were sold by Richardson Nina. Shares for $855,798 were sold by Morley Christopher. Caruso Daniel also sold $669,759 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares. Another trade for 2,550 shares valued at $71,145 was sold by Erickson Matthew.
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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