Jhl Capital Group buys $79,950,000 stake in Zayo Group Holdings Inc (ZAYO)

Zayo Group Holdings Inc (ZAYO) : Jhl Capital Group scooped up 1,900,000 additional shares in Zayo Group Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,500,000 shares of Zayo Group Holdings Inc which is valued at $79,950,000.Zayo Group Holdings Inc makes up approximately 14.85% of Jhl Capital Group’s portfolio.

Other Hedge Funds, Including , Levin Capital Strategies added ZAYO to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $239,850.Quadrature Capital Ltd boosted its stake in ZAYO in the latest quarter, The investment management firm added 3,397 additional shares and now holds a total of 17,237 shares of Zayo Group Holdings Inc which is valued at $581,059. Zayo Group Holdings Inc makes up approx 0.05% of Quadrature Capital Ltd’s portfolio.Thompson Davis reduced its stake in ZAYO by selling 4,018 shares or 31.82% in the most recent quarter. The Hedge Fund company now holds 8,610 shares of ZAYO which is valued at $278,620. Zayo Group Holdings Inc makes up approx 0.51% of Thompson Davis’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta… added ZAYO to its portfolio by purchasing 137,040 company shares during the most recent quarter which is valued at $4,359,242. Zayo Group Holdings Inc makes up approx 0.05% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.First Trust Advisors Lp boosted its stake in ZAYO in the latest quarter, The investment management firm added 2,206,513 additional shares and now holds a total of 2,339,520 shares of Zayo Group Holdings Inc which is valued at $74,420,131. Zayo Group Holdings Inc makes up approx 0.23% of First Trust Advisors Lp’s portfolio.

Zayo Group Holdings Inc opened for trading at $34.85 and hit $35.09 on the upside on Monday, eventually ending the session at $34.92, with a gain of 0.09% or 0.03 points. The heightened volatility saw the trading volume jump to 27,08,066 shares. Company has a market cap of $8,490 M.

On the company’s financial health, Zayo Group Holdings Inc reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.01. The company had revenue of $478.00 million for the quarter, compared to analysts expectations of $465.40 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.

Zayo Group Holdings Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Company’s products include leased dark fiber fiber to cellular towers and small cell sites dedicated wavelength connections Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure and cloud and connectivity. It operates through three segments: Physical Infrastructure Cloud and Connectivity and Other. Its bandwidth infrastructure assets consist of fiber networks the optronic equipment used to provide its lit services over its fiber networks and its datacenters where it provides colocation and interconnection services. The Company through metro fiber networks provides bandwidth infrastructure services within the metro markets that it serves. The Company through regional fiber networks provides bandwidth infrastructure services between the metro markets that it serves.

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