On Tuesday, Shares of Zayo Group Holdings Inc (NYSE:ZAYO), added 2.75% and closed at $32.86 in the last trading session. The last trading range of the stock ranges between $31.92 and $32.96. The company’s Market capitalization is $7.77 Billion with the total Outstanding Shares of 243.12 million. During the 52-week trading session the minimum price at which share price traded, registered at $19.59 and reached to max level of $33.96. The EPS of company is strolling at -0.19. 365 Data Centers, a leading edge colocation provider in tier two markets, recently declared a planned alliance with Zayo (ZAYO), the global leader in communications infrastructure. Zayo will provide 365 Data Centers’ customers with secure, high-performance connectivity to 11 of its 13 data centers across the country.
Together, Zayo and 365 Data Centers are ensuring customers get the service and connectivity they need to public and private clouds. Zayo’s cloud and data center connectivity solutions provide dedicated, high-capacity transport over its fiber backbone. Private network configurations assure predictable performance and a high level of security vs. public internet-based connections.
Shares of Nordic American Tanker Ltd (NYSE:NAT), dropped -2.01% and closed at $8.78 in the last trading session. The last trading range of the stock ranges between $8.76 and $9.11. The company’s Market capitalization is $784.77 million with the total Outstanding Shares of 89.18 million. During the 52-week trading session the minimum price at which share price traded, registered at $7.57 and reached to max level of $16.18. The EPS of company is strolling at 1.30. We do not expect that the result of the US presidential election will have a negative impact on NAT. As of the date of this report, 2016 has been a very good year for NAT. The third quarter came out solidly higher than the cash breakeven level. The fourth quarter of 2016 has so far a good performance. About 60% of the available days in 4Q2016 have been fixed significantly higher than the average daily rates for 3Q2016 of $16,700 per vessel – for the NAT fleet on short term contracts and longer term employment contracts.
NAT is not in the dry cargo or container sectors which have challenges. We are engaged in transportation of crude oil only.
The success of the recent placement of $120m, in which 70% was subscribed by institutional shareholders, was because of our proven business model. Armed with $120m from the placement, NAT has contracted to increase its fleet from 30 to 33 vessels, enhancing its potential for both higher earnings and dividends.