Live Stock Coverage: After Today’s Big Increase, Is Zayo Group Holdings Inc’s Near-Term Analysis Positive?

Live Stock Coverage: After Today's Big Increase, Is Zayo Group Holdings Inc's Near Term Analysis Positive?

The stock of Zayo Group Holdings Inc (NYSE:ZAYO) is a huge mover today! About 1.43 million shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 24.62% since March 1, 2016 and is uptrending. It has outperformed by 15.38% the S&P500.
The move comes after 5 months positive chart setup for the $7.36B company. It was reported on Oct, 4 by Barchart.com. We have $44.47 PT which if reached, will make NYSE:ZAYO worth $3.46B more.

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. Raymond James maintained the shares of ZAYO in a report on Monday, September 21 with “Strong Buy” rating. The rating was downgraded by Stephens to “Equal-Weight” on Friday, August 26. The firm has “Overweight” rating by JP Morgan given on Monday, September 21. On Monday, September 21 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Buy” rating given by MoffettNathanson on Wednesday, August 5. The rating was upgraded by BTIG Research on Wednesday, April 20 to “Buy”. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, November 24 report. FBR Capital initiated Zayo Group Holdings Inc (NYSE:ZAYO) rating on Thursday, March 24. FBR Capital has “Market Perform” rating and $26 price target. Macquarie Research upgraded Zayo Group Holdings Inc (NYSE:ZAYO) on Monday, November 30 to “Outperform” rating. The stock has “Outperform” rating given by Oppenheimer on Tuesday, August 30.

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.
Brown Advisory accumulated 0% or 8,178 shares. Blackrock Fund Advisors accumulated 1.41M shares or 0.01% of the stock. Ibm Retirement Fund holds 16,492 shares or 0.02% of its portfolio. Renaissance Techs Limited Liability Corporation, a New York-based fund reported 42,900 shares. Blackrock Inv Mngmt Ltd Liability Company accumulated 63,878 shares or 0% of the stock. Three Peaks Mgmt Lc has 1.65% invested in the company for 340,088 shares. Capital World Invsts has invested 0.13% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Sunbelt Securities holds 0% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 140 shares. State Street Corporation has 0% invested in the company for 1.50 million shares. Columbia Wanger Asset Ltd has 998,774 shares for 0.32% of their US portfolio. Lord Abbett Company Limited Liability Company has 2.88 million shares for 0.25% of their US portfolio. Fortaleza Asset Mgmt reported 110 shares or 0% of all its holdings. Verition Fund Ltd Liability Company holds 36,022 shares or 0.13% of its portfolio. The Switzerland-based Credit Suisse Ag has invested 0.02% in Zayo Group Holdings Inc (NYSE:ZAYO). Federated Incorporated Pa has 0.07% invested in the company for 859,640 shares.

Insider Transactions: Since April 8, 2016, the stock had 0 insider purchases, and 27 insider sales for $21.10 million net activity. On Monday, May 23 the insider desGarennes Kenneth sold $1.72 million. 13,000 shares were sold by Caruso Daniel, worth $378,560 on Wednesday, August 31. Rottenberg Linda had sold 6,453 shares worth $193,590. Morley Christopher sold $5.46M worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Friday, June 10. The insider Erickson Matthew sold 82,500 shares worth $2.12M. Shares for $43,601 were sold by Connor Richard W. on Thursday, June 30. On Thursday, June 30 Richardson Nina sold $28,557 worth of the stock or 1,025 shares.

Another recent and important Zayo Group Holdings Inc (NYSE:ZAYO) news was published by Businesswire.com which published an article titled: “Major Wireless Carrier Selects Zayo for Network Upgrade” on September 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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