Pennant Capital Management Stake in Zayo Group Hldgs (ZAYO) Has Cut by $30.47 Million; Ftd Cos (FTD) Market Value Declined While Gmt Capital Has Boosted Stake

August 12, 2018 - By Victoria Pittman

Zayo Group Holdings, Inc. (NYSE:ZAYO) Logo

Pennant Capital Management Llc decreased its stake in Zayo Group Hldgs Inc (ZAYO) by 83.89% based on its latest 2018Q1 regulatory filing with the SEC. Pennant Capital Management Llc sold 896,309 shares as the company’s stock declined 3.84% with the market. The hedge fund held 172,129 shares of the public utilities company at the end of 2018Q1, valued at $5.88 million, down from 1.07 million at the end of the previous reported quarter. Pennant Capital Management Llc who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be less bullish one the $9.37 billion market cap company. The stock decreased 0.13% or $0.05 during the last trading session, reaching $37.7. About 2.73 million shares traded or 15.00% up from the average. Zayo Group Holdings, Inc. (NYSE:ZAYO) has risen 8.61% since August 12, 2017 and is uptrending. It has underperformed by 3.96% the S&P500. Some Historical ZAYO News: 03/05/2018 – Zayo Group Holdings 3Q Rev $649.4M; 07/05/2018 – TIERPOINT – ANNOUNCED AGREEMENT WITH ZAYO GROUP HOLDINGS TO OFFER ZAYO’S CLOUDLINK SOLUTIONS; 03/05/2018 – ZAYO GROUP 3Q EPS 9C, EST. 10C; 18/04/2018 – ZAYO GROUP HOLDINGS INC ZAYO.N : DEUTSCHE BANK RAISES TARGET PRICE TO $42 FROM $37; 07/05/2018 – ZAYO: $500M SHR REPURCHASE PROGRAM; 15/05/2018 – BLUE HARBOUR EXITED ZAYO, MIC, THS, LOGM, CLNS IN 1Q: 13F; 18/04/2018 – Zayo Group: Acquisition Adds 452 Owned Route Miles, Plus Additional Leased Route Miles; 07/05/2018 – ZAYO GROUP HOLDINGS INC – COMPANY’S BOARD OF DIRECTORS HAS AUTHORIZED A SIX-MONTH SHARE REPURCHASE PROGRAM; 16/04/2018 – Zayo to Establish Data Center Presence in UK; 21/03/2018 – Pico Selects Zayo for Global Network Backbone

Gmt Capital Corp increased its stake in Ftd Cos Inc (FTD) by 35.12% based on its latest 2018Q1 regulatory filing with the SEC. Gmt Capital Corp bought 619,216 shares as the company’s stock declined 7.26% with the market. The hedge fund held 2.38 million shares of the consumer services company at the end of 2018Q1, valued at $8.67 million, up from 1.76 million at the end of the previous reported quarter. Gmt Capital Corp who had been investing in Ftd Cos Inc for a number of months, seems to be bullish on the $111.32 million market cap company. The stock increased 7.22% or $0.27 during the last trading session, reaching $4.01. About 272,050 shares traded. FTD Companies, Inc. (NASDAQ:FTD) has declined 67.19% since August 12, 2017 and is downtrending. It has underperformed by 79.76% the S&P500. Some Historical FTD News: 02/04/2018 – FTD Cos. Sees FY Adjusted Ebitda $52M-$62M; 02/04/2018 – FTD Cos. 4Q Loss/Shr $5.57; 02/04/2018 – FTD 4Q REV. $278.1M, EST. $274.0M (2 EST.); 07/03/2018 – FTD COS. SEES 1Q REV. ABOUT $20M BELOW INTERNAL VIEWS; 08/05/2018 – FTD Cos. 1Q Rev $318.2M; 02/04/2018 – FTD COMPANIES INC – QTRLY SHR LOSS $5.57; 19/03/2018 – FTD COMPANIES – DUE TO TIME REQUIRED TO PURSUE FINANCING INITIATIVES CO EXPERIENCED DELAY IN FILING FORM 10-K FOR YEAR ENDED DEC 31, 2017; 19/03/2018 – FTD WORKING ON COMPLIANCE WITH FINANCIAL COVENANTS UNDER PACT; 08/05/2018 – FTD COMPANIES INC – QTRLY LOSS PER SHARE $0.24; 07/03/2018 – FTD IN TALKS W/LENDERS, LIBERTY INTERACTIVE OVER CREDIT PACTS

More notable recent FTD Companies, Inc. (NASDAQ:FTD) news were published by: Benzinga.com which released: “32 Stocks Moving In Friday’s Pre-Market Session” on July 20, 2018, also Streetinsider.com with their article: “After-Hours Stock Movers 07/19 (PTCT) (CE) (ISRG) Higher; (SKX) (ZYNE) (FTD) Lower (more…)” published on July 19, 2018, Nasdaq.com published: “FTD Companies, Inc. Announces Second Quarter 2018 Financial Results” on August 08, 2018. More interesting news about FTD Companies, Inc. (NASDAQ:FTD) were released by: Nasdaq.com and their article: “FTD Companies, Inc. Announces Review of Strategic Alternatives, Corporate Restructuring and Cost Savings Plan and …” published on July 19, 2018 as well as Seekingalpha.com‘s news article titled: “FTD Companies: What’s Going On Here?” with publication date: July 20, 2018.

Investors sentiment decreased to 0.82 in 2018 Q1. Its down 0.84, from 1.66 in 2017Q4. It is negative, as 15 investors sold FTD shares while 36 reduced holdings. 15 funds opened positions while 27 raised stakes. 16.26 million shares or 3.32% more from 15.74 million shares in 2017Q4 were reported. Barclays Public Limited Company has 5,653 shares for 0% of their portfolio. Texas Permanent School Fund invested in 0% or 11,125 shares. Moreover, Credit Suisse Ag has 0% invested in FTD Companies, Inc. (NASDAQ:FTD). The New York-based Engineers Gate Manager LP has invested 0.01% in FTD Companies, Inc. (NASDAQ:FTD). Bnp Paribas Arbitrage accumulated 0% or 5,526 shares. Moreover, Kbc Group Inc Nv has 0% invested in FTD Companies, Inc. (NASDAQ:FTD) for 56,748 shares. Tiaa Cref Invest Ltd Com has 95,841 shares. Geode Capital Management Llc has 140,221 shares for 0% of their portfolio. Arizona State Retirement System invested in 26,543 shares. Ameriprise Financial accumulated 0% or 87,675 shares. New York-based Art Advisors Ltd Liability Corporation has invested 0.01% in FTD Companies, Inc. (NASDAQ:FTD). Pnc Fincl Services Incorporated invested in 143 shares. California State Teachers Retirement System invested in 26,081 shares or 0% of the stock. Nantahala Management Limited Liability Company has invested 0.35% in FTD Companies, Inc. (NASDAQ:FTD). Amer Gp accumulated 10,797 shares or 0% of the stock.

Gmt Capital Corp, which manages about $9.19B and $4.15 billion US Long portfolio, decreased its stake in Superior Energy Svcs Inc (NYSE:SPN) by 1.45M shares to 2.15M shares, valued at $18.13 million in 2018Q1, according to the filing. It also reduced its holding in Citigroup Inc (NYSE:C) by 622,000 shares in the quarter, leaving it with 1.58 million shares, and cut its stake in Alico Inc (NASDAQ:ALCO).

Among 7 analysts covering FTD Companies (NASDAQ:FTD), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. FTD Companies had 14 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by DA Davidson with “Neutral” on Wednesday, November 15. The firm has “Hold” rating given on Thursday, July 14 by Craig Hallum. The firm has “Buy” rating given on Tuesday, September 29 by Sidoti. The firm earned “Neutral” rating on Monday, September 19 by Briley. The rating was upgraded by TheStreet on Thursday, August 20 to “Hold”. Sidoti downgraded FTD Companies, Inc. (NASDAQ:FTD) on Wednesday, March 15 to “Neutral” rating. DA Davidson downgraded the stock to “Neutral” rating in Wednesday, August 9 report. The firm has “Neutral” rating given on Wednesday, April 4 by DA Davidson. On Friday, September 16 the stock rating was downgraded by B. Riley & Co to “Neutral”. The rating was downgraded by Monness Crespi to “Neutral” on Friday, August 5.

Since February 20, 2018, it had 0 buys, and 22 sales for $204.80 million activity. Shares for $2.24M were sold by Caruso Daniel on Wednesday, March 21. Connor Richard W. had sold 2,500 shares worth $96,250. Steinfort Matt also sold $81,150 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Thursday, April 5. On Friday, June 29 Waters John F Jr. sold $144,667 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) or 3,869 shares. $21,182 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) was sold by Richardson Nina. $173.21M worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) shares were sold by GTCR FUND X/A LP.

Among 22 analysts covering Zayo Group Holdings (NYSE:ZAYO), 17 have Buy rating, 1 Sell and 4 Hold. Therefore 77% are positive. Zayo Group Holdings had 47 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was downgraded by JP Morgan on Wednesday, May 10 to “Neutral”. SunTrust initiated Zayo Group Holdings, Inc. (NYSE:ZAYO) on Tuesday, December 13 with “Buy” rating. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Buy” rating given on Monday, October 2 by RBC Capital Markets. Cowen & Co maintained it with “Buy” rating and $4500 target in Friday, August 11 report. The firm has “Overweight” rating given on Thursday, March 30 by Barclays Capital. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) earned “Buy” rating by Oppenheimer on Monday, August 21. The firm has “Equal-Weight” rating by Stephens given on Friday, August 26. As per Monday, August 28, the company rating was maintained by RBC Capital Markets. On Wednesday, October 18 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Buy” rating by Cowen & Co on Friday, May 4.

More notable recent Zayo Group Holdings, Inc. (NYSE:ZAYO) news were published by: Businesswire.com which released: “Zayo Chairman and CEO Dan Caruso to Deliver Keynote Presentation at Cowen Communications Infrastructure Summit” on August 01, 2018, also Businesswire.com with their article: “Zayo Completes Los Angeles to Dallas Long Haul Fiber Route” published on August 09, 2018, Businesswire.com published: “Zayo Expands Relationship with Global Cloud Provider” on July 27, 2018. More interesting news about Zayo Group Holdings, Inc. (NYSE:ZAYO) were released by: Businesswire.com and their article: “Zayo to Host Fourth Quarter Fiscal Year 2018 Conference Call August 22, 2018” published on July 23, 2018 as well as Businesswire.com‘s news article titled: “Zayo Completes Divestiture of Minnesota Local Exchange Carrier” with publication date: July 31, 2018.

FTD Companies, Inc. (NASDAQ:FTD) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts