Zayo Group Holdings, Inc. (NYSE:ZAYO) CEO Daniel Caruso sold 152,900 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $32.70, for a total transaction of $4,999,830.00. Following the completion of the sale, the chief executive officer now directly owns 4,608,165 shares of the company’s stock, valued at approximately $150,686,995.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Daniel Caruso also recently made the following trade(s):

  • On Wednesday, July 26th, Daniel Caruso sold 154,402 shares of Zayo Group Holdings stock. The shares were sold at an average price of $32.38, for a total transaction of $4,999,536.76.
  • On Wednesday, July 5th, Daniel Caruso sold 11,324 shares of Zayo Group Holdings stock. The shares were sold at an average price of $30.58, for a total transaction of $346,287.92.
  • On Thursday, July 6th, Daniel Caruso sold 101,840 shares of Zayo Group Holdings stock. The shares were sold at an average price of $30.30, for a total transaction of $3,085,752.00.
  • On Monday, June 12th, Daniel Caruso sold 49,868 shares of Zayo Group Holdings stock. The shares were sold at an average price of $32.03, for a total transaction of $1,597,272.04.

Shares of Zayo Group Holdings, Inc. (ZAYO) opened at 32.70 on Friday. The firm’s 50-day moving average is $31.50 and its 200-day moving average is $32.20. Zayo Group Holdings, Inc. has a 12-month low of $27.74 and a 12-month high of $35.65. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 251.54 and a beta of 0.56.

Zayo Group Holdings (NYSE:ZAYO) last released its earnings results on Tuesday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Zayo Group Holdings had a net margin of 1.53% and a return on equity of 5.47%. The firm had revenue of $550.20 million during the quarter, compared to the consensus estimate of $545.63 million. During the same period in the previous year, the firm earned ($0.08) earnings per share. Zayo Group Holdings’s revenue was up 15.1% compared to the same quarter last year. Equities research analysts forecast that Zayo Group Holdings, Inc. will post $0.39 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in ZAYO. Prudential Financial Inc. increased its stake in Zayo Group Holdings by 13.0% in the first quarter. Prudential Financial Inc. now owns 9,600 shares of the technology company’s stock valued at $316,000 after buying an additional 1,102 shares in the last quarter. Highbridge Capital Management LLC increased its stake in Zayo Group Holdings by 5.6% in the fourth quarter. Highbridge Capital Management LLC now owns 10,018 shares of the technology company’s stock valued at $329,000 after buying an additional 533 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Zayo Group Holdings by 1,118.9% in the first quarter. JPMorgan Chase & Co. now owns 570,261 shares of the technology company’s stock valued at $18,762,000 after buying an additional 523,476 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in Zayo Group Holdings by 19.6% in the second quarter. Xact Kapitalforvaltning AB now owns 16,758 shares of the technology company’s stock valued at $518,000 after buying an additional 2,749 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in Zayo Group Holdings by 17.7% in the first quarter. DnB Asset Management AS now owns 13,995 shares of the technology company’s stock valued at $460,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 74.26% of the company’s stock.

ZAYO has been the subject of several analyst reports. Cowen and Company reissued an “outperform” rating on shares of Zayo Group Holdings in a research note on Wednesday, April 19th. Citigroup Inc. increased their price target on shares of Zayo Group Holdings from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Zacks Investment Research raised shares of Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, May 3rd. J P Morgan Chase & Co lowered shares of Zayo Group Holdings from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $35.00 to $36.00 in a report on Wednesday, May 10th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Zayo Group Holdings in a report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Zayo Group Holdings presently has a consensus rating of “Hold” and a consensus target price of $37.85.

About Zayo Group Holdings

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Insider Buying and Selling by Quarter for Zayo Group Holdings (NYSE:ZAYO)

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