Zayo Group Holdings (NYSE:ZAYO) Institutional Investors Sentiment Improved in Q1 2019

Zayo Group Holdings, Inc. (NYSE:ZAYO) Logo

Sentiment for Zayo Group Holdings (NYSE:ZAYO)

Zayo Group Holdings (NYSE:ZAYO) institutional sentiment increased to 1.37 in Q1 2019. Its up 0.38, from 0.99 in 2018Q4. The ratio is more positive, as 167 hedge funds started new or increased positions, while 122 sold and reduced equity positions in Zayo Group Holdings. The hedge funds in our partner’s database now own: 202.49 million shares, down from 208.56 million shares in 2018Q4. Also, the number of hedge funds holding Zayo Group Holdings in their top 10 positions decreased from 12 to 8 for a decrease of 4. Sold All: 41 Reduced: 81 Increased: 92 New Position: 75.

Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company has market cap of $7.89 billion. The firm operates in six divisions: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation , Allstream, and Other. It has a 63.05 P/E ratio. The Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies.

The stock increased 0.15% or $0.05 during the last trading session, reaching $33.48. About 1.46M shares traded. Zayo Group Holdings, Inc. (NYSE:ZAYO) has declined 2.46% since July 14, 2018 and is downtrending. It has underperformed by 6.89% the S&P500.

Analysts await Zayo Group Holdings, Inc. (NYSE:ZAYO) to report earnings on August, 28. They expect $0.15 earnings per share, down 16.67 % or $0.03 from last year’s $0.18 per share. ZAYO’s profit will be $35.34 million for 55.80 P/E if the $0.15 EPS becomes a reality. After $0.15 actual earnings per share reported by Zayo Group Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Marlowe Partners Lp holds 23.28% of its portfolio in Zayo Group Holdings, Inc. for 1.18 million shares. Sachem Head Capital Management Lp owns 5.80 million shares or 10.02% of their US portfolio. Moreover, Tekne Capital Management Llc has 5.21% invested in the company for 708,003 shares. The Illinois-based Grs Advisors Llc has invested 4.81% in the stock. Beach Point Capital Management Lp, a California-based fund reported 638,689 shares.

Zayo Group Holdings, Inc. (NYSE:ZAYO) Ratings Coverage

Ratings analysis reveals 100% of Zayo Group Holdings’s analysts are positive. Out of 3 Wall Street analysts rating Zayo Group Holdings, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $31 while the high is $45. The stock’s average target of $36.75 is 9.77% above today’s ($33.48) share price. ZAYO was included in 6 notes of analysts from January 23, 2019. Morgan Stanley maintained the stock with “Buy” rating in Monday, March 18 report. The rating was maintained by Deutsche Bank on Monday, February 11 with “Buy”.

More notable recent Zayo Group Holdings, Inc. (NYSE:ZAYO) news were published by: Globenewswire.com which released: “BIOS, CRAY, ZAYO SHAREHOLDER LEGAL UPDATE: Halper Sadeh LLP Announces Shareholder Class Actions Against the Following Companies – BIOS, CRAY, ZAYO – GlobeNewswire” on June 26, 2019, also Seekingalpha.com with their article: “Zayo Group plans mid-March analyst day amid M&A chatter – Seeking Alpha” published on January 30, 2019, Globenewswire.com published: “ZAYO, AMBR MERGER CLASS ACTIONS: Halper Sadeh LLP Announces Shareholder Class Actions Against Zayo Group Holdings, Inc. and Amber Road, Inc. – ZAYO, AMBR – GlobeNewswire” on June 11, 2019. More interesting news about Zayo Group Holdings, Inc. (NYSE:ZAYO) were released by: Seekingalpha.com and their article: “Zayo chosen for major Chicago dark fiber project – Seeking Alpha” published on June 14, 2019 as well as Seekingalpha.com‘s news article titled: “Zayo +3% after canceling Citi conference – Seeking Alpha” with publication date: April 26, 2019.

Zayo Group Holdings, Inc. (NYSE:ZAYO) Institutional Positions Chart

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