Southpoint Capital Advisors LP Trimmed Cdk Global (CDK) Holding as Market Value Declined; Jhl Capital Group Has Lowered Zayo Group Hldgs (ZAYO) Position by $18.00 Million as Share Value Declined

May 23, 2018 - By Adrian Mccoy

CDK Global, Inc. (NASDAQ:CDK) Logo

James H. Litinsky decreased its stake in Zayo Group Hldgs Inc (ZAYO) by 35.71% based on its latest 2017Q4 regulatory filing with the SEC. Jhl Capital Group Llc sold 500,000 shares as the company’s stock declined 6.81% with the market. The hedge fund run by James H. Litinsky held 900,000 shares of the public utilities company at the end of 2017Q4, valued at $33.12M, down from 1.40M at the end of the previous reported quarter. Jhl Capital Group Llc who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be less bullish one the $8.47B market cap company. The stock increased 0.26% or $0.09 during the last trading session, reaching $34.08. About 2.49 million shares traded. Zayo Group Holdings, Inc. (NYSE:ZAYO) has risen 0.96% since May 23, 2017 and is uptrending. It has underperformed by 10.59% the S&P500.




Rob Butts decreased its stake in Cdk Global Inc (CDK) by 34.44% based on its latest 2017Q4 regulatory filing with the SEC. Southpoint Capital Advisors Lp sold 775,000 shares as the company’s stock declined 11.91% with the market. The hedge fund run by Rob Butts held 1.48 million shares of the miscellaneous company at the end of 2017Q4, valued at $105.14M, down from 2.25M at the end of the previous reported quarter. Southpoint Capital Advisors Lp who had been investing in Cdk Global Inc for a number of months, seems to be less bullish one the $8.33B market cap company. The stock decreased 0.27% or $0.17 during the last trading session, reaching $63.26. About 549,191 shares traded. CDK Global, Inc. (NASDAQ:CDK) has declined 2.80% since May 23, 2017 and is downtrending. It has underperformed by 14.35% the S&P500.

Among 8 analysts covering CDK Global (NASDAQ:CDK), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. CDK Global had 16 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Buy” rating by Wells Fargo on Wednesday, January 31. Wells Fargo upgraded the shares of CDK in report on Wednesday, June 21 to “Outperform” rating. Morgan Stanley maintained the shares of CDK in report on Wednesday, January 31 with “Equal-Weight” rating. On Monday, July 10 the stock rating was upgraded by Evercore to “Outperform”. Morgan Stanley maintained CDK Global, Inc. (NASDAQ:CDK) on Friday, April 27 with “Equal-Weight” rating. JP Morgan upgraded it to “Neutral” rating and $49 target in Wednesday, April 6 report. The stock of CDK Global, Inc. (NASDAQ:CDK) has “Buy” rating given on Wednesday, August 9 by Oppenheimer. Morgan Stanley downgraded it to “Underweight” rating and $46 target in Tuesday, January 19 report. The firm has “Underweight” rating by JP Morgan given on Tuesday, December 15. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Friday, February 3.

Analysts await CDK Global, Inc. (NASDAQ:CDK) to report earnings on August, 7. They expect $0.82 earnings per share, up 49.09% or $0.27 from last year’s $0.55 per share. CDK’s profit will be $107.91 million for 19.29 P/E if the $0.82 EPS becomes a reality. After $0.85 actual earnings per share reported by CDK Global, Inc. for the previous quarter, Wall Street now forecasts -3.53% negative EPS growth.

More recent CDK Global, Inc. (NASDAQ:CDK) news were published by: Nasdaq.com which released: “CDK Global Reports Third Quarter Fiscal 2018 Results” on April 26, 2018. Also Globenewswire.com published the news titled: “Report: Developing Opportunities within Regulus Therapeutics, Airgain, Michael Kors, Heritage Insurance, CDK Global …” on May 17, 2018. Streetinsider.com‘s news article titled: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” with publication date: May 15, 2018 was also an interesting one.

Southpoint Capital Advisors Lp, which manages about $2.99B and $2.10 billion US Long portfolio, upped its stake in Sanofi (NYSE:SNY) by 200,000 shares to 2.20M shares, valued at $94.60 million in 2017Q4, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 125,000 shares in the quarter, for a total of 525,000 shares, and has risen its stake in 8X8 Inc New (NASDAQ:EGHT).

Analysts await Zayo Group Holdings, Inc. (NYSE:ZAYO) to report earnings on August, 20. They expect $0.09 earnings per share, down 30.77% or $0.04 from last year’s $0.13 per share. ZAYO’s profit will be $22.37M for 94.67 P/E if the $0.09 EPS becomes a reality. After $0.09 actual earnings per share reported by Zayo Group Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Zayo Group Holdings, Inc. (NYSE:ZAYO) news were published by: Seekingalpha.com which released: “Zayo Group COO resigns; REIT conversion idea advances” on May 03, 2018, also Benzinga.com with their article: “4 Reasons Why BofA Is Bullish On Zayo Group” published on May 18, 2018, Businesswire.com published: “Zayo To Advance Evaluation of REIT Conversion” on May 03, 2018. More interesting news about Zayo Group Holdings, Inc. (NYSE:ZAYO) were released by: Businesswire.com and their article: “Global Business Process Outsourcing Company Selects Zayo” published on May 17, 2018 as well as Businesswire.com‘s news article titled: “Zayo Executives to Present at May Investor Conferences” with publication date: May 14, 2018.

Investors sentiment increased to 1.32 in Q4 2017. Its up 0.12, from 1.2 in 2017Q3. It increased, as 29 investors sold ZAYO shares while 78 reduced holdings. 51 funds opened positions while 90 raised stakes. 207.53 million shares or 2.30% more from 202.87 million shares in 2017Q3 were reported. Trexquant Investment Ltd Partnership stated it has 0.03% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Barclays Public Ltd has 0.02% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 608,917 shares. Dodge & Cox accumulated 23.91 million shares. Commonwealth Fincl Bank Of Aus has 300 shares. Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma has 800 shares. Pennant Cap Lc holds 1.07 million shares. Ubs Asset Management Americas reported 500,162 shares. Marlowe Ptnrs Ltd Partnership reported 22.23% in Zayo Group Holdings, Inc. (NYSE:ZAYO). 950,613 are owned by Cramer Rosenthal Mcglynn Ltd Company. Ngam Advsrs Limited Partnership owns 0.02% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 52,950 shares. 1.29 million were accumulated by Invesco. Mitsubishi Ufj Tru & Bk has 363,357 shares for 0.02% of their portfolio. Jacobs Levy Equity Mngmt has 35,280 shares for 0.02% of their portfolio. Strs Ohio invested in 2,229 shares or 0% of the stock. Amalgamated Commercial Bank holds 0.04% or 37,202 shares.

Since December 29, 2017, it had 0 insider purchases, and 23 selling transactions for $221.35 million activity. 655 shares were sold by Richardson Nina, worth $24,078 on Friday, December 29. Shares for $62,552 were sold by Steinfort Matt on Saturday, March 31. $706,067 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) was sold by Crouch Andrew on Wednesday, January 3. Connor Richard W. sold $93,750 worth of stock. $387,096 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) shares were sold by Waters John F Jr.. GTCR FUND X/A LP sold $173.21M worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Monday, March 12.

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. On Friday, August 26 the stock rating was downgraded by Stephens to “Equal-Weight”. The stock has “Buy” rating by SunTrust on Thursday, December 14. The firm has “Buy” rating by Cowen & Co given on Wednesday, October 18. The firm has “Mkt Perform” rating given on Wednesday, May 10 by Raymond James. RBC Capital Markets maintained Zayo Group Holdings, Inc. (NYSE:ZAYO) on Thursday, December 1 with “Outperform” rating. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Neutral” rating given on Wednesday, May 10 by JP Morgan. The stock has “Buy” rating by Suntrust Robinson on Tuesday, December 13. Morgan Stanley maintained the shares of ZAYO in report on Thursday, February 8 with “Overweight” rating. On Tuesday, August 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Wednesday, December 14.

Zayo Group Holdings, Inc. (NYSE:ZAYO) Institutional Positions Chart

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