Zayo Group Holdings Inc (ZAYO) : Permian Investment Partners Lp reduced its stake in Zayo Group Holdings Inc by 32.47% during the most recent quarter end. The investment management company now holds a total of 2,168,336 shares of Zayo Group Holdings Inc which is valued at $71,316,571 after selling 1,042,624 shares in Zayo Group Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Zayo Group Holdings Inc makes up approximately 11.40% of Permian Investment Partners Lp’s portfolio.
Other Hedge Funds, Including , Raymond James Financial Services Advisors reduced its stake in ZAYO by selling 12,248 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 617,031 shares of ZAYO which is valued at $19,732,651. Zayo Group Holdings Inc makes up approx 0.18% of Raymond James Financial Services Advisors’s portfolio.Marlowe Partners Lp boosted its stake in ZAYO in the latest quarter, The investment management firm added 211,472 additional shares and now holds a total of 1,855,741 shares of Zayo Group Holdings Inc which is valued at $62,557,029. Zayo Group Holdings Inc makes up approx 43.37% of Marlowe Partners Lp’s portfolio.Princeton Alpha Management Lp boosted its stake in ZAYO in the latest quarter, The investment management firm added 19,394 additional shares and now holds a total of 28,998 shares of Zayo Group Holdings Inc which is valued at $977,523. Zayo Group Holdings Inc makes up approx 0.18% of Princeton Alpha Management Lp’s portfolio. Next Financial Group Inc added ZAYO to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $1,591. Trellus Management Company sold out all of its stake in ZAYO during the most recent quarter. The investment firm sold 10,000 shares of ZAYO which is valued $318,100.
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.