Price Action Don’t Lie: Could Zayo Group Holdings Inc Lose its Strength? The Stock Reaches 52-Week High

Price Action Don't Lie: Could Zayo Group Holdings Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of Zayo Group Holdings Inc (NYSE:ZAYO) hit a new 52-week high and has $38.07 target or 8.00% above today’s $35.25 share price. The 5 months bullish chart indicates low risk for the $8.57B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $38.07 price target is reached, the company will be worth $685.60M 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 1.46 million shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 33.50% since April 27, 2016 and is uptrending. It has outperformed by 28.27% the S&P500.

Analysts await Zayo Group Holdings Inc (NYSE:ZAYO) to report earnings on February, 10. They expect $0.07 EPS, up 275.00% or $0.11 from last year’s $-0.04 per share. ZAYO’s profit will be $17.02M for 125.89 P/E if the $0.07 EPS becomes a reality. After $0.06 actual EPS reported by Zayo Group Holdings Inc for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

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. $35 is the highest target while $26 is the lowest. The $32.71 average target is -7.21% below today’s ($35.25) stock price. Zayo Group Holdings has been the topic of 12 analyst reports since August 5, 2015 according to StockzIntelligence Inc. JP Morgan maintained it with “Overweight” rating and $35 target price in Monday, September 21 report. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Outperform” rating given on Tuesday, August 30 by Oppenheimer. On Wednesday, August 5 the stock rating was downgraded by MoffettNathanson to “Buy”. FBR Capital initiated the shares of ZAYO in a report on Thursday, March 24 with “Market Perform” rating. The stock has “Outperform” rating given by Macquarie Research on Monday, November 30. Barclays Capital maintained it with “Overweight” rating and $34 target price in Monday, September 21 report. The firm has “Buy” rating given on Monday, October 31 by Goldman Sachs. The rating was downgraded by Moffett Nathanson to “Neutral” on Wednesday, August 5. The company was maintained on Monday, September 21 by Raymond James. The rating was downgraded by Stephens on Friday, August 26 to “Equal-Weight”.

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 decreased to 1.83 in 2016 Q2. Its down 0.01, from 1.84 in 2016Q1. The ratio dropped, 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.
Parametric Port Assoc Limited Liability last reported 0% of its portfolio in the stock. Jasper Ridge Prtn Lp has 21,924 shares for 0.04% of their US portfolio. Janus Cap Lc has 47,500 shares for 0% of their US portfolio. Battery Ptnrs Vii Limited Company, a Massachusetts-based fund reported 3.86 million shares. Capital World Investors holds 0.13% or 17.27 million shares in its portfolio. Fred Alger Mngmt Inc owns 108,134 shares or 0.02% of their US portfolio. Boothbay Fund Limited Company has invested 0.48% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Fleming James B Jr holds 100% or 13.26 million shares in its portfolio. Picton Mahoney Asset Mngmt reported 35,700 shares or 0.06% of all its holdings. Spo Advisory accumulated 7.70 million shares or 4.3% of the stock. The New York-based Alliancebernstein L P has invested 0% in Zayo Group Holdings Inc (NYSE:ZAYO). The Montana-based Da Davidson And has invested 0% in Zayo Group Holdings Inc (NYSE:ZAYO). Moreover, Walleye Trading Lc has 0% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 848 shares. Moreover, Seven Locks Limited Partnership has 3.96% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 260,226 shares. Cadian Cap Management Ltd Partnership has invested 8.6% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO).

Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 36 sales for $40.09 million net activity. $193,590 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Rottenberg Linda on Wednesday, September 7. $186,928 worth of shares were sold by Caruso Daniel on Thursday, October 6. Shares for $26,747 were sold by Richardson Nina. 3,279 shares with value of $101,682 were sold by Morley Christopher on Thursday, October 6. The insider desGarennes Kenneth sold 183,427 shares worth $6.42M. $43,601 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Connor Richard W. on Thursday, June 30. $71,145 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Erickson Matthew.

Another recent and important Zayo Group Holdings Inc (NYSE:ZAYO) news was published by Streetinsider.com which published an article titled: “Zayo Group (ZAYO) to Acquire Electric Lightwave in $1.42B Cash Deal” on November 30, 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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