The stock of Zayo Group Holdings Inc (NYSE:ZAYO) hit a new 52-week high and has $45.16 target or 47.00% above today’s $30.72 share price. The 9 months bullish chart indicates low risk for the $7.63 billion company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $45.16 price target is reached, the company will be worth $3.59B 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 946,747 shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 25.57% since March 2, 2016 and is uptrending. It has outperformed by 17.31% 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 firm has “Market Perform” rating by FBR Capital given on Thursday, March 24. Raymond James maintained it with “Strong Buy” rating and $34 target price in Monday, September 21 report. As per Tuesday, August 30, the company rating was maintained by Oppenheimer. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned “Equal-Weight” rating by Stephens on Friday, August 26. The rating was downgraded by Moffett Nathanson to “Neutral” on Wednesday, August 5. The firm has “Buy” rating given on Tuesday, November 24 by Suntrust Robinson. MoffettNathanson downgraded Zayo Group Holdings Inc (NYSE:ZAYO) on Wednesday, August 5 to “Buy” rating. Barclays Capital maintained Zayo Group Holdings Inc (NYSE:ZAYO) on Monday, September 21 with “Overweight” rating. JP Morgan maintained the stock with “Overweight” rating in Monday, September 21 report. The firm has “Buy” rating by BTIG Research given on Wednesday, April 20.
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 improved, 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.
Weiss Multi owns 55,000 shares or 0.12% of their US portfolio. State Of Wisconsin Investment Board reported 106,390 shares or 0.01% of all its holdings. Huntington Commercial Bank accumulated 429 shares or 0% of the stock. D E Shaw And Communications accumulated 781,023 shares or 0.04% of the stock. Geduld E E holds 0.37% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 10,000 shares. Art Advsrs Limited Liability Com has invested 0.08% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Janus Mgmt Ltd Com has invested 0% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Spo Advisory Corporation last reported 4.3% of its portfolio in the stock. Moreover, Impact Advisors Limited Liability Com has 0.35% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 27,151 shares. Steadfast Advisors Limited Partnership holds 105,355 shares or 1.81% of its portfolio. Tekne Cap Management Ltd Llc holds 4.08% or 539,500 shares in its portfolio. Massmutual Com Fsb Adv has invested 0% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Moreover, Permian Investment Limited Partnership has 11.03% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 2.17M shares. Tygh Capital Mgmt has 166,701 shares for 1.31% of their US portfolio. Hbk Investments L P has 33,980 shares for 0.01% of their US portfolio.
Insider Transactions: Since April 8, 2016, the stock had 0 buys, and 26 insider sales for $20.06 million net activity. Connor Richard W. sold $135,000 worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Friday, May 6. 62,500 shares were sold by desGarennes Kenneth, worth $1.72M. Rottenberg Linda sold $15,667 worth of stock. Morley Christopher had sold 200,000 shares worth $5.46M. Caruso Daniel sold $251,500 worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Tuesday, April 19. The insider Erickson Matthew sold 2,550 shares worth $71,145. $28,557 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Richardson Nina.
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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