The stock of Zayo Group Holdings Inc (NYSE:ZAYO) reached all time high today, Nov, 30 and still has $36.15 target or 3.00% above today’s $35.10 share price. This indicates more upside for the $8.54B company. This technical setup was reported by Barchart.com. If the $36.15 PT is reached, the company will be worth $256.20M 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 1.84M shares traded hands. Zayo Group Holdings Inc (NYSE:ZAYO) has risen 33.50% since April 27, 2016 and is uptrending. It has outperformed by 28.27% the S&P500.
Analysts await Zayo Group Holdings Inc (NYSE:ZAYO) to report earnings on February, 10. They expect $0.07 earnings per share, up 275.00% or $0.11 from last year’s $-0.04 per share. ZAYO’s profit will be $17.03 million for 125.36 P/E if the $0.07 EPS becomes a reality. After $0.06 actual earnings per share reported by Zayo Group Holdings Inc for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
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. Moffett Nathanson downgraded the shares of ZAYO in a report on Wednesday, August 5 to “Neutral” rating. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Outperform” rating given on Tuesday, August 30 by Oppenheimer. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) has “Outperform” rating given on Monday, November 30 by Macquarie Research. FBR Capital initiated Zayo Group Holdings Inc (NYSE:ZAYO) rating on Thursday, March 24. FBR Capital has “Market Perform” rating and $26 price target. MoffettNathanson downgraded the shares of ZAYO in a report on Wednesday, August 5 to “Buy” rating. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, November 24. The stock has “Overweight” rating given by Barclays Capital on Monday, September 21. Raymond James maintained Zayo Group Holdings Inc (NYSE:ZAYO) rating on Monday, September 21. Raymond James has “Strong Buy” rating and $34 price target. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned “Overweight” rating by JP Morgan on Monday, September 21. The stock has “Equal-Weight” rating given by Stephens on Friday, August 26.
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.
Bnp Paribas Arbitrage has 0.07% invested in the company for 580,377 shares. Citigroup accumulated 18,022 shares or 0% of the stock. The New York-based Teachers Advsr Inc has invested 0.01% in Zayo Group Holdings Inc (NYSE:ZAYO). Brown Advisory reported 8,178 shares or 0% of all its holdings. Cupps Capital Mngmt Ltd Limited Liability Company has 24,380 shares for 0.18% of their US portfolio. Moreover, Pacific Alternative Asset Mngmt Limited Liability Company has 1.42% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 100,070 shares. Thornburg Invest Management holds 727,032 shares or 0.16% of its portfolio. Fortaleza Asset Mngmt Incorporated last reported 0% of its portfolio in the stock. Federated Invsts Pa holds 0.07% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 859,640 shares. Ww accumulated 0.13% or 17.27 million shares. Blackrock holds 0% or 21,317 shares in its portfolio. Private Advisor Group Limited Liability Corporation has 35,918 shares for 0.04% of their US portfolio. Massmutual Fsb Adv reported 10,023 shares or 0% of all its holdings. Ubs Asset Americas last reported 0% of its portfolio in the stock. Three Peaks Cap Mgmt Ltd holds 1.65% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO) for 340,088 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 36 sales for $40.09 million net activity. desGarennes Kenneth also sold $49,271 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares. The insider Rottenberg Linda sold 538 shares worth $15,866. The insider Caruso Daniel sold 13,000 shares worth $362,700. 3,279 shares were sold by Morley Christopher, worth $101,682 on Thursday, October 6. Connor Richard W. sold $405,750 worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Wednesday, June 15. Richardson Nina sold $26,747 worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Monday, October 3. 2,550 Zayo Group Holdings Inc (NYSE:ZAYO) shares with value of $71,145 were sold by Erickson Matthew.
Another recent and important Zayo Group Holdings Inc (NYSE:ZAYO) news was published by Streetinsider.com which published an article titled: “Zayo Group (ZAYO) to Acquire Electric Lightwave in $1.42B Cash Deal” on November 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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