In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Zayo Group Holdings Inc. (NYSE:ZAYO) reported that SPO Advisory Corp has picked up 11,663,541 of common stock as of 2017-02-27.

The acquisition brings the aggregate amount owned by SPO Advisory Corp to a total of 11,663,541 representing a 4.8% stake in the company.

For those not familiar with the company, Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services. Its products and services enable high-bandwidth applications, such as cloud-based computing, video, mobile, social media and machine-to-machine connectivity. As of June 30, 2016 the Company owned fiber networks in 300 metro markets, including metro areas, such as New York, Chicago, San Francisco, Paris, and London, as well as smaller metro areas, such as Allentown, Pennsylvania, Fargo, North Dakota, and Spokane, Washington. The Company also provides its network-neutral colocation and interconnection services utilizing its own data centers.

A glance at Zayo Group Holdings Inc. (NYSE:ZAYO)’s key stats reveals a current market capitalization of 7.67 billion based on 244.12 million shares outstanding and a price at last close of $31.50 per share.

Looking at insider activity, there are a few transactions worth noting.

On the sell side, the most recent transaction saw Desgarennes unload 9,242 shares at a sale price of $31.27. This brings their total holding to 308,002.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Zayo Group Holdings Inc. (NYSE:ZAYO) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.