Quantitative Investment Management LLC Lowers Position in Zayo Group Holdings Inc (NYSE:ZAYO)

Joanna Estrada
March 19, 2018

New Generation Advisors Llc increased its stake in Genworth Financial Inc (GNW) by 56.77% based on its latest 2017Q3 regulatory filing with the SEC. Following the completion of the transaction, the director now directly owns 147,169 shares of the company's stock, valued at $5,409,932.44. The hedge fund held 1.67 million shares of the life insurance company at the end of 2017Q3, valued at $6.44 million, up from 1.07 million at the end of the previous reported quarter. The company's stock had a trading volume of 2,868,874 shares, compared to its average volume of 1,957,810. It has underperformed by 15.45% the S&P500. First Republic Investment Management Inc.'s holdings in Zayo Group were worth $1,429,000 at the end of the most recent reporting period. Zevenbergen Capital Investments Llc sold 33,625 shares as the company's stock declined 26.14% while stock markets rallied. The technology company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.10. Sachem Head Capital Management Lp who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be bullish on the $8.93B market cap company.

Shares of ZAYO stock traded down $0.38 on Friday, reaching $36.00. About 2.87M shares traded or 55.80% up from the average. Moreover, Atlantic Group Lc has 0% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) has risen 14.22% since March 18, 2017 and is uptrending. It has underperformed by 36.03% the S&P500.

Among 21 analysts covering Zayo Group Holdings (NYSE:ZAYO), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Citigroup reissued a "buy" rating on shares of Zayo Group in a report on Thursday, December 14th. British Columbia Mngmt Corporation holds 0.03% of its portfolio in Zayo Group Holdings, Inc. Royal Bank of Canada restated a "buy" rating on shares of Zayo Group in a research note on Friday, February 9th. The company now has an average rating of "Buy" and an average target price of $41.09. Barclays reaffirmed a "buy" rating and set a $41.00 price target on shares of Zayo Group in a research report on Friday, January 19th. The company was initiated on Tuesday, November 24 by Suntrust Robinson. The rating was maintained by Cowen & Co on Wednesday, October 18 with "Buy". RBC Capital Markets maintained the shares of ZAYO in report on Thursday, December 1 with "Outperform" rating. Stifel Nicolaus maintained the stock with "Buy" rating in Tuesday, August 22 report. $387,096 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Thursday, July 27 with "Buy" rating.

Since September 22, 2017, it had 0 buys, and 21 insider sales for $209.63 million activity. (NYSE:ZAYO) shares were sold by Crouch Andrew. (NYSE:ZAYO) was sold by Connor Richard W. on Saturday, September 30. $28,379 worth of Zayo Group Holdings, Inc. It also reduced its holding in Dollar Gen Corp New (NYSE:DG) by 97,600 shares in the quarter, leaving it with 355,753 shares, and cut its stake in Wpx Energy Inc (NYSE:WPX). (NYSE:ZAYO) was sold by Waters John F Jr. Following the sale, the chief financial officer now owns 5,565 shares in the company, valued at $202,343.40. 9,000 Jazz Pharmaceuticals plc (NASDAQ:JAZZ) shares with value of $1.26 million were sold by ENRIGHT PATRICK G.

Investors sentiment increased to 1.32 in 2017 Q3. Its down 0.14, from 1.34 in 2017Q2. 21 funds opened positions while 65 raised stakes. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. Tekne Capital Management Llc who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be bullish on the $8.93B market cap company. (NYSE:SF). D E Shaw Company Inc holds 0.01% or 77,486 shares. Rampart Investment Management Ltd Liability holds 0.38% or 606 shares. Zayo Group earned a media sentiment score of 0.11 on Accern's scale. About 2.87M shares traded or 55.80% up from the average. 357,400 are owned by Quantitative Invest Mgmt Ltd Liability Corporation. Tygh Cap Mgmt Inc reported 109,480 shares stake. Jacobs Levy Equity Mgmt Inc invested in 0.01% or 14,130 shares. (NYSE:ZAYO) for 15.66M shares. Daiwa Gru has invested 0.05% in Aetna Inc. California Employees Retirement holds 345,712 shares. Wright Investors Service holds 317 shares or 0.21% of its portfolio. SunTrust maintained Zayo Group Holdings, Inc. They expect $0.12 EPS, down 7.69% or $0.01 from last year's $0.13 per share. AET's profit will be $984.10 million for 14.44 P/E if the $3.01 EPS becomes a reality. Swiss National Bank boosted its holdings in Zayo Group by 2.1% during the 3rd quarter. The stock has "Buy" rating by SunTrust on Tuesday, December 13. Therefore 100% are positive. Lululemon Athletica Inc. had 181 analyst reports since August 18, 2015 according to SRatingsIntel. (NYSE:ZAYO) on Monday, March 12. Wood maintained Genworth Financial, Inc. Wood has " rating and $6 target. The rating was maintained by RBC Capital Markets on Monday, October 2 with "Buy". As per Friday, November 11, the company rating was upgraded by Compass Point. UBS has "Neutral" rating and $5.25 target. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The firm has "Buy" rating by Oppenheimer given on Monday, August 21. Its down 0.03, from 1.06 in 2017Q2. 44 funds opened positions while 76 raised stakes. Fortaleza Asset Mngmt reported 23,375 shares. (NYSE:ZAYO). Morgan Stanley owns 1.04M shares. Pitcairn Communication invested 0.05% of its portfolio in Stifel Financial Corp. (NYSE:ZAYO). Bankshares Of America De holds 0% or 360,645 shares in its portfolio. (NYSE:AET) for 2,285 shares. Pub Employees Retirement Sys Of Ohio holds 0.02% or 103,062 shares. Principal Financial Grp holds 0.01% or 2.11 million shares. Raymond James And stated it has 50,000 shares. (NYSE:GNW). 30,145 were accumulated by Oxbow Limited Liability. (NYSE:GNW). 4.10 million are owned by Geode Management Ltd Com.

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