Market Runner: Is Zayo Group Holdings Inc a Buy? The Stock Reaches 52-Week High Today

Market Runner: Is Zayo Group Holdings Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Zayo Group Holdings Inc (NYSE:ZAYO) hit a new 52-week high and has $49.78 target or 51.00% above today’s $32.97 share price. The 9 months bullish chart indicates low risk for the $8.10 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $49.78 price target is reached, the company will be worth $4.13B 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 2.32M shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 33.08% since April 7, 2016 and is uptrending. It has outperformed by 28.29% the S&P500.

Zayo Group Holdings Inc (NYSE:ZAYO) Ratings Coverage

Out of 12 analysts covering Zayo Group Holdings (NYSE:ZAYO), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Zayo Group Holdings has been the topic of 12 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Raymond James maintained Zayo Group Holdings Inc (NYSE:ZAYO) on Monday, September 21 with “Strong Buy” rating. Moffett Nathanson downgraded the stock to “Neutral” rating in Wednesday, August 5 report. BTIG Research upgraded the stock to “Buy” rating in Wednesday, April 20 report. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned “Overweight” rating by Barclays Capital on Monday, September 21. The stock has “Equal-Weight” rating given by Stephens on Friday, August 26. The rating was initiated by FBR Capital on Thursday, March 24 with “Market Perform”. The rating was maintained by JP Morgan with “Overweight” on Monday, September 21. On Tuesday, November 24 the stock rating was initiated by Suntrust Robinson with “Buy”. The rating was upgraded by Macquarie Research to “Outperform” on Monday, November 30. The firm earned “Buy” rating on Wednesday, August 5 by MoffettNathanson.

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 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.
Lord Abbett Company Lc has 2.88M shares for 0.25% of their US portfolio. Blackrock Gru owns 3,839 shares or 0% of their US portfolio. The Massachusetts-based Eaton Vance Mgmt has invested 0.09% in Zayo Group Holdings Inc (NYSE:ZAYO). Geode Cap Mngmt Ltd Liability Company owns 335,673 shares or 0.01% of their US portfolio. Atlantic Trust Grp Lc holds 0% or 10,000 shares in its portfolio. Moreover, Blackrock Advisors Lc has 0.02% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 577,534 shares. Permian Invest Limited Partnership last reported 11.03% of its portfolio in the stock. The Georgia-based Invesco Ltd has invested 0.01% in Zayo Group Holdings Inc (NYSE:ZAYO). The Massachusetts-based State Street Corporation has invested 0% in Zayo Group Holdings Inc (NYSE:ZAYO). Alliancebernstein Ltd Partnership has invested 0% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Cupps Mgmt Lc, a Illinois-based fund reported 24,380 shares. The Switzerland-based Credit Suisse Ag has invested 0.02% in Zayo Group Holdings Inc (NYSE:ZAYO). Boothbay Fund Mngmt Ltd Liability Corporation has 36,400 shares for 0.48% of their US portfolio. Bbt Mngmt Limited Liability Co accumulated 216,025 shares or 0.94% of the stock. Reaves W H And last reported 0.18% of its portfolio in the stock.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 35 selling transactions for $22.29 million net activity. $40,873 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares were sold by Connor Richard W.. On Friday, June 10 Rottenberg Linda sold $15,080 worth of the stock or 538 shares. Another trade for 62,500 shares valued at $1.81 million was sold by desGarennes Kenneth. Caruso Daniel had sold 6,028 shares worth $186,928 on Thursday, October 6. The insider Morley Christopher sold 25,000 shares worth $804,000. $71,145 worth of shares were sold by Erickson Matthew on Thursday, June 30. Richardson Nina had sold 907 shares worth $26,747 on Monday, October 3.

More news for Zayo Group Holdings Inc (NYSE:ZAYO) were recently published by: Businesswire.com, which released: “Zayo Group Holdings, Inc. Reports Financial Results for the First Fiscal …” on November 08, 2016. Zacks.com‘s article titled: “Why Zayo Group (ZAYO) Might Surprise This Earnings Season” and published on November 07, 2016 is yet another important article.

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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