Short Interest Coverage: Zayo Group Holdings Incorporated (NYSE:ZAYO) Stock Is Shorted More

November 22, 2016 - By Richard Conner   ·   0 Comments

Short Interest Coverage: Zayo Group Holdings Incorporated (NYSE:ZAYO) Stock Is Shorted More

The stock of Zayo Group Holdings Incorporated (NYSE:ZAYO) registered an increase of 2.39% in short interest. ZAYO’s total short interest was 7.18 million shares in November as published by FINRA. Its up 2.39% from 7.01M shares, reported previously. With 2.29M shares average volume, it will take short sellers 3 days to cover their ZAYO’s short positions. The short interest to Zayo Group Holdings Incorporated’s float is 5.61%. The stock closed at $35.14 during the last session. It is down 36.73% since April 20, 2016 and is uptrending. It has outperformed by 32.18% the S&P500.

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States, Canada and Europe. The company has a market cap of $8.55 billion. The Firm operates in five divisions, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. It currently has negative earnings. The Company’s key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol connectivity and cloud services.

Insitutional Activity: The institutional sentiment decreased to 1.83 in Q2 2016. Its down 0.01, from 1.84 in 2016Q1. The ratio dived, as 28 funds sold all Zayo Group Holdings Inc shares owned while 33 reduced positions. 37 funds bought stakes while 75 increased positions. They now own 135.00 million shares or 6.73% more from 126.49 million shares in 2016Q1.
Citigroup last reported 18,022 shares in the company. Endicott Mgmt accumulated 0.28% or 27,000 shares. Paloma Ptnrs Mngmt Comm has invested 0.04% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Moreover, Norman Fields Gottscho Capital Mngmt Ltd Llc has 0.38% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 19,550 shares. Steadfast Advsrs Ltd Partnership has invested 1.81% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Invesco Private Capital has invested 0.11% of its portfolio in Zayo Group Holdings Inc (NYSE:ZAYO). Moreover, Marshall Wace Llp has 0.01% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 21,458 shares. Moreover, Nationwide Fund Advisors has 0.04% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 371,288 shares. Jane Street Grp Lc has 57,958 shares for 0.01% of their US portfolio. The Massachusetts-based Rhumbline Advisers has invested 0.01% in Zayo Group Holdings Inc (NYSE:ZAYO). Blackrock Lc has 577,534 shares for 0.02% of their US portfolio. Moreover, Parametric Portfolio Assoc Ltd Liability Co has 0% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 23,513 shares. Moreover, Nokota Lp has 0.43% invested in Zayo Group Holdings Inc (NYSE:ZAYO) for 415,000 shares. Bbt Cap Management Limited Liability last reported 216,025 shares in the company. Pnc Fincl Services Grp Inc reported 10,226 shares or 0% of all its holdings.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 35 sales for $28.82 million net activity. 1,914 shares were sold by Morley Christopher, worth $53,401. $365,713 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Caruso Daniel on Monday, August 1. Rottenberg Linda sold 538 shares worth $15,064. Another trade for 1,386 shares valued at $40,873 was sold by Connor Richard W.. Erickson Matthew sold $71,145 worth of stock or 2,550 shares. $1.24M worth of shares were sold by desGarennes Kenneth on Monday, October 24. Richardson Nina sold $28,557 worth of Zayo Group Holdings Inc (NYSE:ZAYO) on Thursday, June 30.

Zayo Group Holdings Inc (NYSE:ZAYO) Ratings Coverage

Out of 12 analysts covering Zayo Group Holdings (NYSE:ZAYO), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Zayo Group Holdings has been the topic of 12 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned “Market Perform” rating by FBR Capital on Thursday, March 24. The firm has “Neutral” rating given on Wednesday, August 5 by Moffett Nathanson. The rating was maintained by JP Morgan with “Overweight” on Monday, September 21. Macquarie Research upgraded the stock to “Outperform” rating in Monday, November 30 report. The firm earned “Buy” rating on Wednesday, August 5 by MoffettNathanson. The stock has “Buy” rating given by BTIG Research on Wednesday, April 20. Oppenheimer maintained Zayo Group Holdings Inc (NYSE:ZAYO) rating on Tuesday, August 30. Oppenheimer has “Outperform” rating and $35 price target. The company was maintained on Monday, September 21 by Raymond James. Barclays Capital maintained it with “Overweight” rating and $34 target price in Monday, September 21 report. Suntrust Robinson initiated the shares of ZAYO in a report on Tuesday, November 24 with “Buy” 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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By Richard Conner


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