Price Action To Observe: Zayo Group Holdings Inc’s Stock Is Buy After Making 52-Week High

Price Action To Observe: Zayo Group Holdings Inc's Stock Is Buy After Making 52 Week High

The stock of Zayo Group Holdings Inc (NYSE:ZAYO) hit a new 52-week high and has $45.15 target or 45.00% above today’s $31.14 share price. The 7 months bullish chart indicates low risk for the $7.58 billion company. The 1-year high was reported on Oct, 18 by If the $45.15 price target is reached, the company will be worth $3.41B 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 500,546 shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 27.15% since March 15, 2016 and is uptrending. It has outperformed by 21.66% 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. $35 is the highest target while $26 is the lowest. The $32.71 average target is 5.04% above today’s ($31.14) stock price. Zayo Group Holdings has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Overweight” rating and $34 target price in Monday, September 21 report. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned “Neutral” rating by Moffett Nathanson on Wednesday, August 5. The firm has “Buy” rating given on Tuesday, November 24 by Suntrust Robinson. The firm earned “Equal-Weight” rating on Friday, August 26 by Stephens. The firm has “Overweight” rating given on Monday, September 21 by JP Morgan. The firm has “Outperform” rating given on Tuesday, August 30 by Oppenheimer. BTIG Research upgraded Zayo Group Holdings Inc (NYSE:ZAYO) on Wednesday, April 20 to “Buy” rating. As per Wednesday, August 5, the company rating was downgraded by MoffettNathanson. The rating was upgraded by Macquarie Research on Monday, November 30 to “Outperform”. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Strong Buy” rating given on Monday, September 21 by Raymond James.

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.
Amalgamated Bank has 0.04% invested in the company for 26,078 shares. Permian Invest Ltd Partnership holds 11.03% or 2.17 million shares in its portfolio. Driehaus Limited accumulated 0.12% or 117,663 shares. Grp Incorporated has 0% invested in the company for 4,025 shares. Trellus Ltd Liability Company accumulated 0.45% or 10,000 shares. Lord Abbett Ltd Llc holds 2.88 million shares or 0.25% of its portfolio. Finemark National Bank And Tru, a Florida-based fund reported 46 shares. Citigroup reported 18,022 shares or 0% of all its holdings. Deutsche Bank & Trust Ag holds 1.38M shares or 0.03% of its portfolio. Teachers Advsr owns 133,983 shares or 0.01% of their US portfolio. Renaissance Technology Ltd Llc accumulated 0% or 42,900 shares. Wells Fargo & Mn reported 6.86 million shares or 0.07% of all its holdings. Moreover, Citadel Limited Liability Corporation has 0.07% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 2.31 million shares. Fleming James B Jr owns 13.26M shares or 100% of their US portfolio. California State Teachers Retirement Sys accumulated 345,391 shares or 0.02% of the stock.

Insider Transactions: Since April 19, 2016, the stock had 0 insider purchases, and 33 selling transactions for $21.25 million net activity. On Monday, August 1 Rottenberg Linda sold $15,247 worth of the stock or 538 shares. Connor Richard W. sold $40,873 worth of stock. 2,550 shares were sold by Erickson Matthew, worth $71,145 on Thursday, June 30. On Friday, June 10 the insider Morley Christopher sold $5.46M. 3,401 shares were sold by desGarennes Kenneth, worth $100,806. Caruso Daniel also sold $251,500 worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Tuesday, April 19. On Monday, October 3 Richardson Nina sold $26,747 worth of the stock or 907 shares.

Another recent and important Zayo Group Holdings Inc (NYSE:ZAYO) news was published by which published an article titled: “Zayo to Host First Quarter Fiscal Year 2017 Conference Call November 8, 2016” on October 07, 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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