Today’s Market Runner: Will Zayo Group Holdings Inc Go Down Anytime Soon?

Today's Market Runner: Will Zayo Group Holdings Inc Go Down Anytime Soon?

The stock of Zayo Group Holdings Inc (NYSE:ZAYO) is a huge mover today! About 1.94 million shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 33.85% since April 14, 2016 and is uptrending. It has outperformed by 29.16% the S&P500.
The move comes after 9 months positive chart setup for the $8.42 billion company. It was reported on Nov, 16 by Barchart.com. We have $55.27 PT which if reached, will make NYSE:ZAYO worth $5.39B more.

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. Moffett Nathanson downgraded the shares of ZAYO in a report on Wednesday, August 5 to “Neutral” rating. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned “Buy” rating by Goldman Sachs on Monday, October 31. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Outperform” rating given on Monday, November 30 by Macquarie Research. The firm has “Overweight” rating by Barclays Capital given on Monday, September 21. On Monday, September 21 the stock rating was maintained by Raymond James with “Strong Buy”. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Equal-Weight” rating given on Friday, August 26 by Stephens. The company was initiated on Thursday, March 24 by FBR Capital. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned “Buy” rating by MoffettNathanson on Wednesday, August 5. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Buy” rating given on Tuesday, November 24 by Suntrust Robinson. The company was upgraded on Wednesday, April 20 by BTIG Research.

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 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.
The New York-based Seven Locks Capital Ltd Partnership has invested 3.96% in Zayo Group Holdings Inc (NYSE:ZAYO). Steadfast Mngmt Lp accumulated 2.56 million shares or 1.82% of the stock. Tiaa Cref Inv Limited Com last reported 461,502 shares in the company. Tygh Cap Mgmt Incorporated owns 166,701 shares or 1.31% of their US portfolio. State Of Wisconsin Investment Board holds 106,390 shares or 0.01% of its portfolio. Wade G W And has invested 0.04% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Waratah Advsr last reported 0.51% of its portfolio in the stock. Guggenheim Cap Limited Co last reported 0.01% of its portfolio in the stock. New York State Common Retirement Fund last reported 0.02% of its portfolio in the stock. Voya Investment Mgmt Ltd Limited Liability Company last reported 70,826 shares in the company. Picton Mahoney Asset has invested 0.06% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Cap Guardian Co holds 0% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 5,653 shares. Steadfast Advisors Lp has invested 1.81% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Impact Advsrs Limited Liability Com holds 0.35% or 27,151 shares in its portfolio. Invesco Private has 18,705 shares for 0.11% of their US portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 36 sales for $24.79 million net activity. Another trade for 13,000 shares valued at $378,560 was made by Caruso Daniel on Wednesday, August 31. Shares for $1.86M were sold by desGarennes Kenneth on Thursday, September 22. $28,557 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Richardson Nina. Another trade for 1,565 shares valued at $43,601 was sold by Connor Richard W.. 6,453 shares were sold by Rottenberg Linda, worth $206,496 on Monday, October 24. 28,561 shares were sold by Morley Christopher, worth $855,798 on Monday, October 3. Another trade for 2,550 shares valued at $71,145 was sold by Erickson Matthew.

Another recent and important Zayo Group Holdings Inc (NYSE:ZAYO) news was published by Prnewswire.com which published an article titled: “365 Data Centers Partners with Zayo to Expand Connectivity to the Cloud in …” on November 15, 2016.

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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