Marlowe Partners Lp increased its stake in Zayo Group Hldgs Inc (ZAYO) by 12.86% based on its latest 2016Q3 regulatory filing with the SEC. Marlowe Partners Lp bought 211,472 shares as the company’s stock rose 6.26% with the market. The institutional investor held 1.86M shares of the public utilities company at the end of 2016Q3, valued at $55.13 million, up from 1.64M at the end of the previous reported quarter. Marlowe Partners Lp who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be bullish on the $7.77 billion market cap company. The stock closed at $31.46 during the last session. It is down 12.72% since June 7, 2016 and is uptrending. It has outperformed by 5.30% the S&P500.
Marlowe Partners Lp, which manages about $193.06M and $136.79 million US Long portfolio, decreased its stake in Motorola Solutions Inc (NYSE:MSI) by 114,560 shares to 175,457 shares, valued at $13.38 million in 2016Q3, according to the filing.
Marlowe Partners Lp is a New York-based institutional investor with more than $193.06 million AUM in May, 2014. Taken from Marlowe Partners latest Adv, the fund reported to have 8 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 1-10 clients.
Insitutional Activity: The institutional sentiment decreased to 1.83 in 2016 Q3. Its down 0.01, from 1.84 in 2016Q2. The ratio turned negative, as 22 funds sold all ZAYO shares owned while 48 reduced positions. 56 funds bought stakes while 72 increased positions. They now own 157.67 million shares or 16.80% more from 135.00 million shares in 2016Q2. Macquarie Gru Limited holds 0% or 66,236 shares in its portfolio. Tekne Capital Limited Liability has 539,500 shares for 2.52% of their US portfolio. Moore Lp last reported 450,000 shares in the company. Cupps Cap Mngmt Lc accumulated 0.29% or 22,430 shares. The New York-based Timessquare Capital Mgmt Ltd Liability Co has invested 0.43% in Zayo Group Holdings Inc (NYSE:ZAYO). Marshall Wace Ltd Liability Partnership owns 98,726 shares or 0.02% of their US portfolio. Moreover, Ig Mgmt has 0.01% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 61,491 shares. Tudor Corporation Et Al has 0.09% invested in the company for 135,017 shares. Voya Inv reported 73,946 shares or 0% of all its holdings. Carlson Cap Lp has invested 0.43% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Parallax Volatility Advisers Lp has 2,897 shares for 0% of their US portfolio. Thornburg Investment Management has 721,353 shares for 0.16% of their US portfolio. Tci Wealth Advsr Incorporated reported 22 shares or 0% of all its holdings. Goldman Sachs Group has invested 0.01% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Raymond James & Assocs accumulated 0.03% or 421,295 shares.
Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 39 insider sales for $46.93 million net activity. 538 shares with value of $15,667 were sold by Rottenberg Linda on Thursday, September 1. $40,873 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares were sold by Connor Richard W.. desGarennes Kenneth sold $6.42M worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Friday, November 18. Morley Christopher also sold $855,798 worth of Zayo Group Holdings Inc (NYSE:ZAYO) shares. On Monday, December 5 the insider Caruso Daniel sold $3.22 million. On Saturday, December 31 the insider Waters John F Jr. sold $223,457. On Monday, October 3 Richardson Nina sold $26,747 worth of the stock or 907 shares.
Another recent and important Zayo Group Holdings Inc (NYSE:ZAYO) news was published by Nasdaq.com which published an article titled: “Zayo Group Holdings Becomes Oversold (ZAYO)” on January 05, 2017.
According to Zacks Investment Research, “Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure services, including dark fiber, wavelengths, SONET, Ethernet, IP services, and carrier-neutral colocation and interconnection. Its customers include wireline and wireless carriers, and high-bandwidth enterprises from disaster recovery, media content, educational, financial, government, healthcare, and other industries. Zayo Group Holdings, Inc. is headquartered in Boulder, Colorado.”
Zayo Group Holdings Inc (NYSE:ZAYO) Ratings Coverage
Out of 15 analysts covering Zayo Group Holdings (NYSE:ZAYO), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. Zayo Group Holdings has been the topic of 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by MoffettNathanson given on Wednesday, August 5. The company was downgraded on Friday, December 2 by Moffett Nathanson. The rating was upgraded by BTIG Research on Wednesday, April 20 to “Buy”. The stock has “Outperform” rating given by Oppenheimer on Tuesday, August 30. The rating was downgraded by Moffett Nathanson to “Neutral” on Wednesday, August 5. JP Morgan maintained the stock with “Overweight” rating in Monday, September 21 report. The company was downgraded on Wednesday, December 14 by Morgan Stanley. The firm earned “Outperform” rating on Monday, November 30 by Macquarie Research. The firm earned “Buy” rating on Tuesday, December 13 by Suntrust Robinson. RBC Capital Markets maintained the shares of ZAYO in a report on Thursday, December 1 with “Outperform” rating.
ZAYO Company Profile
Zayo Group Holdings, Inc., incorporated on November 13, 2007, is a well-known provider of bandwidth infrastructure in the United States, Canada and Europe. The Firm operates in five divisions, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. The Company’s key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services. The Company’s services and products enable high-bandwidth applications, such as cloud computing, video, mobile, social media and machine-to-machine connectivity. As of June 30, 2016, the Company owned fiber networks in 300 metro markets, including metro, such as New York, Chicago, San Francisco, Paris, and London, as well as smaller metro, such as Allentown, Pennsylvania, Fargo, North Dakota, and Spokane, Washington. The Firm also provides its network-neutral colocation and interconnection services utilizing its own data centers.
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