Is Zayo Group Holdings Inc (ZAYO) A Good Stock To Buy?

Now, some big names were leading the bulls’ herd. Senator Investment Group, led by Doug Silverman and Alexander Klabin, initiated the most valuable position in Zayo Group Holdings Inc (NYSE:ZAYO). According to regulatory filings, the fund had $172.2 million invested in the company at the end of the quarter. Philippe Laffont’s Coatue Management also initiated a $64.8 million position during the quarter. The other funds with new positions in the stock are Christopher James’s Partner Fund Management, Steve Cohen’s Point72 Asset Management, and Louis Bacon’s Moore Global Investments.

Let’s now review hedge fund activity in other stocks similar to Zayo Group Holdings Inc (NYSE:ZAYO). We will take a look at Ashland Inc. (NYSE:ASH), STMicroelectronics N.V. (ADR) (NYSE:STM), Apollo Global Management LLC (NYSE:APO), and Apartment Investment and Management Co. (NYSE:AIV). This group of stocks’ market caps are similar to ZAYO’s market cap.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $318 million. That figure was a whooping $2.13 billion in ZAYO’s case. Ashland Inc. (NYSE:ASH) is the most popular stock in this table. On the other hand STMicroelectronics N.V. (ADR) (NYSE:STM) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Zayo Group Holdings Inc (NYSE:ZAYO) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.