Carmignac Gestion Increased Its Position in Zayo Group Holdings (ZAYO) by $23.13 Million; Us Bancorp (USB) Stock Price Declined While Mairs & Power Boosted Its Holding

June 18, 2018 - By Ellis Scott

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

Mairs & Power Inc increased its stake in Us Bancorp (USB) by 1.09% based on its latest 2018Q1 regulatory filing with the SEC. Mairs & Power Inc bought 72,127 shares as the company’s stock declined 9.49% with the market. The institutional investor held 6.69 million shares of the major banks company at the end of 2018Q1, valued at $337.76 million, up from 6.62 million at the end of the previous reported quarter. Mairs & Power Inc who had been investing in Us Bancorp for a number of months, seems to be bullish on the $84.39B market cap company. The stock increased 0.88% or $0.45 during the last trading session, reaching $51.38. About 17.35 million shares traded or 142.16% up from the average. U.S. Bancorp (NYSE:USB) has declined 2.38% since June 18, 2017 and is downtrending. It has underperformed by 14.95% the S&P500. Some Historical USB News: 22/05/2018 – U.S. Bancorp Presenting at Conference May 29; 25/04/2018 – U.S. Bank Streamlines Automated Insurance Payment Process with Enservio’s Paysurance®; 25/04/2018 – U.S. Bank Streamlines Automated Insurance Payment Process with Enservio’s Paysurance®; 18/04/2018 – US Bancorp 1Q Net Interest Income $3.17B; 04/05/2018 – U.S. Bank Announces Retirements of Bill Parker and Jennie Carlson; 04/05/2018 – US Bancorp Announces Retirements of Chief Risk Officer P.W. Parker and Chief Human Resources Officer Jennie Carlson; 18/04/2018 – US Bancorp 1Q EPS Boosted 1c by Items; 18/04/2018 – U.S. BANCORP 1Q PROVISION FOR CREDIT LOSSES $341M, EST. $351.9M; 18/04/2018 – US Bancorp 1Q Provision for Credit Losses $341M; 18/04/2018 – Fitch: U.S. Bancorp’s 1Q18 Bottom Line Results Aided by Tax Reform

Carmignac Gestion increased its stake in Zayo Group Holdings Inc (ZAYO) by 16.73% based on its latest 2018Q1 regulatory filing with the SEC. Carmignac Gestion bought 680,424 shares as the company’s stock declined 3.84% with the market. The institutional investor held 4.75M shares of the public utilities company at the end of 2018Q1, valued at $162.16M, up from 4.07 million at the end of the previous reported quarter. Carmignac Gestion who had been investing in Zayo Group Holdings Inc for a number of months, seems to be bullish on the $9.14 billion market cap company. The stock increased 0.57% or $0.21 during the last trading session, reaching $36.77. About 2.89M shares traded or 6.06% up from the average. Zayo Group Holdings, Inc. (NYSE:ZAYO) has risen 8.61% since June 18, 2017 and is uptrending. It has underperformed by 3.96% the S&P500. Some Historical ZAYO News: 17/05/2018 – Zayo Group Favored by 7 Hedge Funds, 13Fs Show; 02/04/2018 – Zayo Group Closes Above 200-Day Moving Average: Technicals; 03/05/2018 – ZAYO: RESIGNATION OF COO; 03/05/2018 – ZAYO GROUP HOLDINGS INC – LIKELY ZAYO WILL HAVE ALTERNATIVES THAT WOULD ENABLE REIT CONVERSION, HAS BEGUN NEXT PHASE OF EVALUATION AND PREPARATION; 07/05/2018 – ZAYO REPORTS $500M SHARE BUYBACK PROGRAM; 15/05/2018 – Zayo Group Presenting at JPMorgan Conference Tomorrow; 16/03/2018 Global Webscale Company Selects Zayo for Long Haul Dark Fiber; 14/05/2018 – Zayo Group Presenting at Conference Tomorrow; 03/05/2018 – Zayo Group Holdings: Operating Chief Andrew Crouch Resigns; 03/05/2018 – ZAYO GROUP HOLDINGS INC – ZAYO TO ADVANCE EVALUATION OF REIT CONVERSION

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.09, from 0.96 in 2017Q4. It dropped, as 67 investors sold USB shares while 470 reduced holdings. 95 funds opened positions while 370 raised stakes. 1.17 billion shares or 1.27% less from 1.18 billion shares in 2017Q4 were reported. Cannell Peter B & Incorporated owns 69,307 shares or 0.13% of their US portfolio. Duff Phelps Investment Mngmt invested in 0.01% or 16,912 shares. Oakbrook Invests Ltd Liability owns 60,447 shares or 0.19% of their US portfolio. Utah Retirement reported 0.31% of its portfolio in U.S. Bancorp (NYSE:USB). 108.79 million are held by Vanguard Grp Inc. Soros Fund Mngmt Limited Liability Company reported 0.4% of its portfolio in U.S. Bancorp (NYSE:USB). 60,000 were accumulated by Ally Financial Inc. 56,185 are held by First Bancshares Sioux Falls. Van Strum Towne has 0.14% invested in U.S. Bancorp (NYSE:USB). Cacti Asset Management Lc holds 2.45% or 582,611 shares. Lord Abbett And Com Ltd Llc has invested 0.36% of its portfolio in U.S. Bancorp (NYSE:USB). Valley Advisers accumulated 65,943 shares. Atwood Palmer has 0.25% invested in U.S. Bancorp (NYSE:USB) for 34,986 shares. Butensky Cohen Financial Security invested 1.74% of its portfolio in U.S. Bancorp (NYSE:USB). Davis Selected Advisers reported 1.73 million shares.

Among 33 analysts covering U.S. Bancorp (NYSE:USB), 12 have Buy rating, 4 Sell and 17 Hold. Therefore 36% are positive. U.S. Bancorp had 96 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies maintained the shares of USB in report on Friday, August 11 with “Buy” rating. Susquehanna maintained U.S. Bancorp (NYSE:USB) on Wednesday, April 18 with “Hold” rating. The firm has “Buy” rating given on Wednesday, January 13 by Deutsche Bank. The firm earned “Neutral” rating on Wednesday, November 16 by PiperJaffray. Keefe Bruyette & Woods maintained it with “Hold” rating and $56.0 target in Thursday, December 21 report. The firm has “Equal-Weight” rating by Stephens given on Tuesday, March 8. The firm has “Buy” rating given on Thursday, June 22 by RBC Capital Markets. The rating was downgraded by Guggenheim to “Neutral” on Wednesday, April 6. The firm has “Buy” rating by Piper Jaffray given on Wednesday, April 18. The stock of U.S. Bancorp (NYSE:USB) earned “Neutral” rating by Susquehanna on Thursday, December 1.

Since February 20, 2018, it had 0 buys, and 5 sales for $9.81 million activity. Kelligrew James B sold $1.10 million worth of U.S. Bancorp (NYSE:USB) on Friday, February 23. $1.35 million worth of U.S. Bancorp (NYSE:USB) shares were sold by GODRIDGE LESLIE V. Elmore John R. had sold 20,000 shares worth $1.10 million on Friday, February 23. $5.51M worth of stock was sold by Parker P.W. on Tuesday, February 20.

Mairs & Power Inc, which manages about $7.72 billion and $8.10B US Long portfolio, decreased its stake in Proto Labs (NYSE:PRLB) by 21,270 shares to 364,132 shares, valued at $42.80 million in 2018Q1, according to the filing. It also reduced its holding in Patterson Companies (NASDAQ:PDCO) by 313,864 shares in the quarter, leaving it with 1.75M shares, and cut its stake in Mts Systems (NASDAQ:MTSC).

Investors sentiment decreased to 1.21 in 2018 Q1. Its down 0.11, from 1.32 in 2017Q4. It worsened, as 31 investors sold ZAYO shares while 86 reduced holdings. 46 funds opened positions while 96 raised stakes. 209.81 million shares or 1.10% more from 207.53 million shares in 2017Q4 were reported. Twin Tree LP stated it has 14,146 shares. State Board Of Administration Of Florida Retirement System, a Florida-based fund reported 231,263 shares. Oppenheimer Asset Mngmt stated it has 56,549 shares or 0.05% of all its holdings. Fil Ltd accumulated 809,265 shares. Nordea Management reported 5,240 shares stake. First Mercantile Trust Company has invested 0.1% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Prudential Financial invested in 0% or 12,200 shares. Employees Retirement Of Ohio owns 194,838 shares. Commercial Bank Of America Corporation De stated it has 598,232 shares. Moreover, Envestnet Asset Mngmt Inc has 0% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO). Jana Lc owns 2.26M shares or 2.3% of their US portfolio. Citigroup Inc holds 0.01% of its portfolio in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 179,734 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 46,280 shares. Shell Asset Management Com invested 0.01% of its portfolio in Zayo Group Holdings, Inc. (NYSE:ZAYO). D E Shaw And holds 0.01% in Zayo Group Holdings, Inc. (NYSE:ZAYO) or 186,906 shares.

More important recent Zayo Group Holdings, Inc. (NYSE:ZAYO) news were published by: Seekingalpha.com which released: “Zayo completes new fiber route in Europe” on May 24, 2018, also Businesswire.com published article titled: “Webscale Company Selects Zayo for McLean Data Center Colocation”, Businesswire.com published: “Major Health System Selects Zayo for Private Dedicated Network” on June 07, 2018. More interesting news about Zayo Group Holdings, Inc. (NYSE:ZAYO) was released by: Businesswire.com and their article: “Zayo Executives to Present at June Investor Conferences” with publication date: June 05, 2018.

Since December 29, 2017, it had 0 insider purchases, and 24 insider sales for $221.52 million activity. 10,711 shares were sold by Waters John F Jr., worth $387,096. Caruso Daniel sold $4.82 million worth of stock or 133,888 shares. On Monday, March 12 the insider GTCR FUND X/A LP sold $173.21M. Shares for $68,749 were sold by Steinfort Matt. Another trade for 14,356 shares valued at $510,499 was made by Crouch Andrew on Wednesday, April 4. Rottenberg Linda sold $178,000 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Wednesday, June 6.

Carmignac Gestion, which manages about $14.26 billion US Long portfolio, decreased its stake in Darling Ingredients Inc (NYSE:DAR) by 35,000 shares to 480,000 shares, valued at $8.30M in 2018Q1, according to the filing. It also reduced its holding in Intercontinental Exchange In (NYSE:ICE) by 1.87 million shares in the quarter, leaving it with 8.57 million shares, and cut its stake in Wheaton Precious Metals Corp.

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

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