The stock of Zayo Group Holdings Inc (NYSE:ZAYO) hit a new 52-week high and has $49.45 target or 41.00% above today’s $35.07 share price. The 7 months bullish chart indicates low risk for the $8.70 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $49.45 price target is reached, the company will be worth $3.57B 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 2.44 million shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 37.86% since April 19, 2016 and is uptrending. It has outperformed by 34.00% 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 stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Outperform” rating given on Monday, November 30 by Macquarie Research. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned “Strong Buy” rating by Raymond James on Monday, September 21. The firm earned “Outperform” rating on Tuesday, August 30 by Oppenheimer. MoffettNathanson downgraded the stock to “Buy” rating in Wednesday, August 5 report. The firm earned “Buy” rating on Tuesday, November 24 by Suntrust Robinson. The company was maintained on Monday, September 21 by Barclays Capital. Goldman Sachs maintained the stock with “Buy” rating in Monday, October 31 report. The company was upgraded on Wednesday, April 20 by BTIG Research. The firm has “Equal-Weight” rating by Stephens given on Friday, August 26. JP Morgan maintained Zayo Group Holdings Inc (NYSE:ZAYO) rating on Monday, September 21. JP Morgan has “Overweight” rating and $35 price target.
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.
Weiss Multi holds 0.12% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 55,000 shares. Paloma Ptnrs Mngmt owns 137,535 shares or 0.04% of their US portfolio. Moreover, Guggenheim Cap Ltd Liability Com has 0.01% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 87,040 shares. Cap Impact Advsrs Ltd owns 27,151 shares or 0.35% of their US portfolio. Tygh Cap Mngmt Inc has 1.31% invested in the company for 166,701 shares. The Switzerland-based Credit Suisse Ag has invested 0.02% in Zayo Group Holdings Inc (NYSE:ZAYO). Moreover, Da Davidson & has 0% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 100 shares. Thompson Siegel And Walmsley Ltd accumulated 0% or 522 shares. Battery Ptnrs Viii Limited Liability Corporation holds 1.22 million shares or 100% of its portfolio. Marshall Wace Llp reported 21,458 shares or 0.01% of all its holdings. Calamos Advisors Limited Liability Company, a Illinois-based fund reported 976,501 shares. Ibm Retirement Fund last reported 0.02% of its portfolio in the stock. Moreover, Permian Prtn L P has 11.03% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 2.17M shares. Metropolitan Life Insur accumulated 12,280 shares or 0% of the stock. Princeton Alpha Mgmt Lp, a New Jersey-based fund reported 9,604 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 35 selling transactions for $28.82 million net activity. Shares for $1.24M were sold by desGarennes Kenneth. 200,000 Zayo Group Holdings Inc (NYSE:ZAYO) shares with value of $5.46 million were sold by Morley Christopher. $362,700 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Caruso Daniel on Friday, July 1. Richardson Nina sold 1,025 shares worth $28,557. The insider Rottenberg Linda sold $15,866. $427,500 worth of shares were sold by Connor Richard W. on Friday, July 8. Another trade for 2,550 shares valued at $71,145 was made by Erickson Matthew on Thursday, June 30.
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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