Exclusive: Is Buying All-time Stock Like Zayo Group Holdings Inc a Winning Strategy?

Exclusive: Is Buying All time Stock Like Zayo Group Holdings Inc a Winning Strategy?

The stock of Zayo Group Holdings Inc (NYSE:ZAYO) reached all time high today, Nov, 18 and still has $56.33 target or 61.00% above today’s $34.99 share price. This indicates more upside for the $8.67 billion company. This technical setup was reported by Barchart.com. If the $56.33 PT is reached, the company will be worth $5.29B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 540,044 shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 39.90% since April 18, 2016 and is uptrending. It has outperformed by 35.47% the S&P500.

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

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 worsened, 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.
Pacific Alternative Asset Mngmt Ltd Liability holds 100,070 shares or 1.42% of its portfolio. Blackrock Gru accumulated 0% or 3,839 shares. Hsbc Pcl reported 8,690 shares or 0% of all its holdings. Marshall Wace Llp owns 21,458 shares or 0.01% of their US portfolio. Federated Investors Pa holds 859,640 shares or 0.07% of its portfolio. Bancorporation Of America De accumulated 0% or 63,395 shares. Fleming James B Jr holds 100% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 13.26 million shares. The Washington-based Parametric Port Associates has invested 0% in Zayo Group Holdings Inc (NYSE:ZAYO). Criterion Capital Mngmt Lc holds 2.65 million shares or 3.54% of its portfolio. Driehaus Capital Management Limited Com holds 0.12% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 117,663 shares. Marlowe L P holds 37.05% or 1.64M shares in its portfolio. Thornburg Mgmt holds 0.16% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 727,032 shares. Thompson Davis And Incorporated has invested 0.56% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Massmutual Tru Co Fsb Adv holds 0% or 10,023 shares in its portfolio. Princeton Alpha Mgmt L P last reported 0.05% of its portfolio in the stock.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 36 sales for $24.79 million net activity. desGarennes Kenneth had sold 3,278 shares worth $101,651. On Thursday, June 30 Connor Richard W. sold $43,601 worth of the stock or 1,565 shares. $855,798 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares were sold by Morley Christopher. Caruso Daniel sold $186,928 worth of stock. 6,453 shares with value of $193,590 were sold by Rottenberg Linda on Wednesday, September 7. Richardson Nina sold $28,557 worth of stock or 1,025 shares. Erickson Matthew sold $71,145 worth of stock or 2,550 shares.

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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