Marlowe Partners Lp buys $46,845,224 stake in Zayo Group Holdings Inc (ZAYO)

Zayo Group Holdings Inc (ZAYO) : Marlowe Partners Lp scooped up 3,650 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 Aug 12, 2016. The investment management firm now holds a total of 1,644,269 shares of Zayo Group Holdings Inc which is valued at $46,845,224.Zayo Group Holdings Inc makes up approximately 34.72% of Marlowe Partners Lp’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc added ZAYO to its portfolio by purchasing 8,690 company shares during the most recent quarter which is valued at $247,578.Sunbelt Securities reduced its stake in ZAYO by selling 16 shares or 10.26% in the most recent quarter. The Hedge Fund company now holds 140 shares of ZAYO which is valued at $3,989.Tiaa Cref Investment Management boosted its stake in ZAYO in the latest quarter, The investment management firm added 52,338 additional shares and now holds a total of 461,502 shares of Zayo Group Holdings Inc which is valued at $13,148,192. Zayo Group Holdings Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Eaton Vance Management boosted its stake in ZAYO in the latest quarter, The investment management firm added 8,388 additional shares and now holds a total of 1,100,200 shares of Zayo Group Holdings Inc which is valued at $31,377,704. Zayo Group Holdings Inc makes up approx 0.09% of Eaton Vance Management’s portfolio.

Zayo Group Holdings Inc opened for trading at $28.46 and hit $29.22 on the upside on Monday, eventually ending the session at $28.9, with a gain of 1.44% or 0.41 points. The heightened volatility saw the trading volume jump to 25,79,714 shares. Company has a market cap of $7,000 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.

Many Wall Street Analysts have commented on Zayo Group Holdings Inc. Zayo Group Holdings Inc was Initiated by Pacific Crest to “Sector Weight” on Jul 25, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *