G2 Investment Partners Management Has Increased Its Ringcentral (RNG) Holding by $3.94 Million; Zayo Group Hldgs (ZAYO) Market Value Declined While King Street Capital Management LP Has Upped Its Position

RingCentral, Inc. (NYSE:RNG) Logo

King Street Capital Management Lp increased its stake in Zayo Group Hldgs Inc (ZAYO) by 56.15% based on its latest 2018Q4 regulatory filing with the SEC. King Street Capital Management Lp bought 365,000 shares as the company’s stock declined 7.20% while stock markets rallied. The hedge fund held 1.02M shares of the public utilities company at the end of 2018Q4, valued at $23.18M, up from 650,000 at the end of the previous reported quarter. King Street Capital Management Lp who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be bullish on the $6.55B market cap company. The stock decreased 1.27% or $0.36 during the last trading session, reaching $27.89. About 4.84 million shares traded. Zayo Group Holdings, Inc. (NYSE:ZAYO) has declined 30.33% since March 17, 2018 and is downtrending. It has underperformed by 34.70% the S&P500. Some Historical ZAYO News: 03/05/2018 – ZAYO GROUP 3Q EPS 9C, EST. 10C; 26/03/2018 – lnterdata Selects Zayo for Dark Fiber; 24/05/2018 – Zayo Expands European Wavelength Network; 03/05/2018 – Zayo Group Holdings 3Q Rev $649.4M; 15/05/2018 – Zayo Group Presenting at JPMorgan Conference Tomorrow; 20/04/2018 – DJ Zayo Group Holdings Inc, Inst Holders, 1Q 2018 (ZAYO); 03/05/2018 – ZAYO GROUP 3Q ADJ EBITDA $319.6M, EST. $327.1M; 16/03/2018 – Zayo Group Closes Below 50-Day Moving Average: Technicals; 18/04/2018 – Zayo Group: Acquisition Adds 452 Owned Route Miles, Plus Additional Leased Route Miles; 03/05/2018 – ZAYO GROUP HOLDINGS INC – BEGUN TO EXECUTE ORGANIZATIONAL CHANGES THAT ARE REQUIRED TO OPERATE AS A REIT

G2 Investment Partners Management Llc increased its stake in Ringcentral Inc (RNG) by 38.78% based on its latest 2018Q4 regulatory filing with the SEC. G2 Investment Partners Management Llc bought 48,001 shares as the company’s stock rose 31.16% with the market. The hedge fund held 171,764 shares of the technology company at the end of 2018Q4, valued at $14.16M, up from 123,763 at the end of the previous reported quarter. G2 Investment Partners Management Llc who had been investing in Ringcentral Inc for a number of months, seems to be bullish on the $8.63 billion market cap company. The stock decreased 0.32% or $0.34 during the last trading session, reaching $106.19. About 583,965 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 65.43% since March 17, 2018 and is uptrending. It has outperformed by 61.06% the S&P500. Some Historical RNG News: 14/05/2018 – IHS Markit Ranks RingCentral #1 in the 2018 North American UCaaS Scorecard; 07/03/2018 – RingCentral Launches Integrated Collaborative Meetings Solution; 30/05/2018 – RingCentral Investor Day and Upcoming Conference Participation; 09/05/2018 – RingCentral 1Q Adj EPS 16c; 15/05/2018 – Arco Selects RingCentral for New National Customer Engagement Center; 15/05/2018 – RingCentral Presenting at JPMorgan Conference Tomorrow; 09/05/2018 – RingCentral Sees 2Q Adj EPS 14c-Adj EPS 16c; 09/05/2018 – RingCentral Raises FY18 View To Adj EPS 61c-Adj EPS 65c; 09/05/2018 – RINGCENTRAL INC SEES FULL YEAR 2018 SOFTWARE SUBSCRIPTIONS REVENUE RANGE TO $588 TO $594 MLN; 02/04/2018 – RingCentral Given 5-Star Rating in CRN’s 2018 Partner Program Guide

Investors sentiment decreased to 0.99 in 2018 Q4. Its down 0.09, from 1.08 in 2018Q3. It dropped, as 32 investors sold RNG shares while 86 reduced holdings. 51 funds opened positions while 66 raised stakes. 63.01 million shares or 3.42% more from 60.93 million shares in 2018Q3 were reported. Victory Incorporated reported 0.3% of its portfolio in RingCentral, Inc. (NYSE:RNG). Susquehanna Intl Gru Llp invested in 41,608 shares. Driehaus Mgmt Ltd Company invested in 128,060 shares or 0.45% of the stock. Royal Bancorp Of Canada stated it has 1,707 shares or 0% of all its holdings. Capital Ww holds 0.21% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 9.51M shares. Prudential Finance Inc invested in 0% or 3,600 shares. Karp Capital Mngmt holds 0.02% or 500 shares in its portfolio. Ameriprise Fincl Inc reported 0% of its portfolio in RingCentral, Inc. (NYSE:RNG). 15,000 were reported by Lyon Street Capital Ltd Llc. Amalgamated Financial Bank has invested 0.04% of its portfolio in RingCentral, Inc. (NYSE:RNG). 34,395 are owned by Night Owl Capital Limited Liability Corporation. Bessemer Grp reported 83 shares or 0% of all its holdings. The Connecticut-based Axiom Intl Investors Ltd Liability Corp De has invested 0.19% in RingCentral, Inc. (NYSE:RNG). Next Century Growth Limited Co invested 0.83% of its portfolio in RingCentral, Inc. (NYSE:RNG). Manufacturers Life Company The owns 5,220 shares for 0% of their portfolio.

Since October 3, 2018, it had 0 insider purchases, and 23 sales for $21.80 million activity. The insider Shah Praful sold $217,729. 7,805 shares were sold by Sipes David, worth $608,060 on Wednesday, November 28. On Thursday, November 8 the insider Michelle McKenna sold $211,325. 39,032 shares were sold by Shmunis Vladimir, worth $3.06 million on Tuesday, October 9. Marlow John H sold $1.32 million worth of stock or 17,789 shares.

G2 Investment Partners Management Llc, which manages about $585.42 million and $240.49M US Long portfolio, decreased its stake in Avalara Inc by 24,003 shares to 94,744 shares, valued at $2.95M in 2018Q4, according to the filing. It also reduced its holding in Mellanox Technologies Ltd (Call) (NASDAQ:MLNX) by 63,300 shares in the quarter, leaving it with 10,900 shares, and cut its stake in Quinstreet Inc (NASDAQ:QNST).

More important recent RingCentral, Inc. (NYSE:RNG) news were published by: Seekingalpha.com which released: “RingCentral +4.9% after strong Q4 revenues, upbeat guidance – Seeking Alpha” on February 11, 2019, also Seekingalpha.com published article titled: “RingCentral: Strong Q4 Earnings And Conservative 2019 Guidance – Seeking Alpha”, Globenewswire.com published: “Investor Expectations to Drive Momentum within Enphase Energy, EQT, BorgWarner, Ringcentral, Chanticleer, and Myomo — Discovering Underlying Factors of Influence – GlobeNewswire” on February 20, 2019. More interesting news about RingCentral, Inc. (NYSE:RNG) was released by: Businesswire.com and their article: “New RingCentral Persist Solution Maintains Services in the Event of Internet Outage at Customer Locations – Business Wire” with publication date: March 12, 2019.

Investors sentiment decreased to 0.99 in Q4 2018. Its down 0.98, from 1.97 in 2018Q3. It fall, as 65 investors sold ZAYO shares while 85 reduced holdings. 60 funds opened positions while 89 raised stakes. 208.56 million shares or 3.85% less from 216.91 million shares in 2018Q3 were reported. Fred Alger Management reported 0% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Clearline Capital Limited Partnership stated it has 125,183 shares. Westfield Management Limited Partnership holds 0.23% or 1.20 million shares. Congress Asset Communication Ma owns 121,825 shares or 0.04% of their US portfolio. Moreover, Fifth Third Fincl Bank has 0.01% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 50,777 shares. Northern Tru invested 0.01% of its portfolio in Zayo Group Holdings, Inc. (NYSE:ZAYO). Asset Mgmt One Limited accumulated 0.03% or 473,424 shares. Alphaone Inv Services Ltd Com stated it has 111,150 shares or 1.05% of all its holdings. Qci Asset Inc has invested 0% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Amundi Pioneer Asset holds 0.03% or 1.48 million shares. 597,835 were accumulated by Credit Suisse Ag. Moore Capital Mngmt Lp invested 0.23% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Korea Inv holds 86,800 shares. Moreover, Ionic Ltd Liability has 0.04% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 16,000 shares. Invesco Ltd has 0% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 323,584 shares.

RingCentral, Inc. (NYSE:RNG) Institutional Positions Chart