Zayo Group Holdings, Inc. (ZAYO) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its stake in Zayo Group Holdings, Inc. (NYSE:ZAYO) by 82.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 633,083 shares of the technology company’s stock after buying an additional 285,792 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.26% of Zayo Group worth $21,791,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ZAYO. Carmignac Gestion acquired a new position in shares of Zayo Group in the second quarter valued at approximately $150,427,000. Neuberger Berman Group LLC lifted its position in shares of Zayo Group by 43,789.5% in the second quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock worth $83,677,000 after purchasing an additional 2,701,815 shares in the last quarter. USS Investment Management Ltd bought a new stake in shares of Zayo Group in the second quarter worth $63,335,000. Janus Henderson Group PLC lifted its position in shares of Zayo Group by 13,304.8% in the second quarter. Janus Henderson Group PLC now owns 1,420,376 shares of the technology company’s stock worth $43,890,000 after purchasing an additional 1,409,780 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Zayo Group by 8.9% in the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after purchasing an additional 1,127,326 shares in the last quarter. Institutional investors own 84.11% of the company’s stock.

A number of analysts have recently commented on ZAYO shares. Oppenheimer reissued a “buy” rating and issued a $42.00 price objective on shares of Zayo Group in a research report on Wednesday, September 13th. Moffett Nathanson reissued a “neutral” rating and issued a $39.00 price objective (up previously from $34.00) on shares of Zayo Group in a research report on Thursday, September 28th. Barclays boosted their price objective on shares of Zayo Group from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Zayo Group in a research report on Wednesday, October 11th. Finally, William Blair reissued an “ourperform” rating on shares of Zayo Group in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $39.46.

In other Zayo Group news, CEO Daniel Caruso sold 29,114 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $34.35, for a total transaction of $1,000,065.90. Following the sale, the chief executive officer now directly owns 4,284,854 shares of the company’s stock, valued at $147,184,734.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard W. Connor sold 1,200 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $34.47, for a total transaction of $41,364.00. Following the sale, the director now directly owns 145,944 shares in the company, valued at $5,030,689.68. The disclosure for this sale can be found here. Insiders have sold 4,937,348 shares of company stock worth $176,927,529 over the last ninety days. Insiders own 5.20% of the company’s stock.

Zayo Group Holdings, Inc. (NYSE ZAYO) traded up $0.07 during midday trading on Friday, reaching $36.56. 2,510,000 shares of the company’s stock traded hands, compared to its average volume of 2,355,616. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91. Zayo Group Holdings, Inc. has a 1 year low of $29.30 and a 1 year high of $37.18. The company has a market capitalization of $9,043.70, a price-to-earnings ratio of 81.24, a P/E/G ratio of 14.88 and a beta of 0.53.

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About Zayo Group

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Institutional Ownership by Quarter for Zayo Group (NYSE:ZAYO)

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