Zayo Group Holdings, Inc. (ZAYO) Insider Sells $324,359.20 in Stock
Zayo Group Holdings, Inc. (NYSE:ZAYO) insider John F. Jr. Waters sold 9,512 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total value of $324,359.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Zayo Group Holdings, Inc. (ZAYO) opened at 34.54 on Friday. Zayo Group Holdings, Inc. has a 12-month low of $29.30 and a 12-month high of $35.65. The company has a market capitalization of $8.51 billion, a P/E ratio of 98.69 and a beta of 0.55. The company’s 50 day moving average price is $34.41 and its 200-day moving average price is $33.01.
Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The firm had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. During the same period last year, the company posted ($0.13) earnings per share. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. Equities analysts forecast that Zayo Group Holdings, Inc. will post $0.61 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of ZAYO. Mutual of America Capital Management LLC acquired a new position in Zayo Group Holdings during the 2nd quarter worth approximately $142,000. Point72 Asia Hong Kong Ltd acquired a new position in Zayo Group Holdings during the 1st quarter worth approximately $151,000. Nordea Investment Management AB raised its stake in Zayo Group Holdings by 6.8% during the 1st quarter. Nordea Investment Management AB now owns 5,240 shares of the technology company’s stock worth $172,000 after buying an additional 335 shares during the period. Neuberger Berman Group LLC acquired a new position in Zayo Group Holdings during the 1st quarter worth approximately $203,000. Finally, Cadence Capital Management LLC raised its stake in Zayo Group Holdings by 6.3% during the 1st quarter. Cadence Capital Management LLC now owns 6,493 shares of the technology company’s stock worth $214,000 after buying an additional 382 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.
ZAYO has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $42.00 price target on shares of Zayo Group Holdings in a research report on Wednesday, September 13th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Cowen and Company reaffirmed a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Pacific Crest reaffirmed an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Finally, Deutsche Bank AG initiated coverage on Zayo Group Holdings in a research report on Monday, August 28th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $38.36.
Zayo Group Holdings Company Profile
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.
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