Zayo Group Holdings Inc. (NYSE:ZAYO) Director Linda Rottenberg sold 538 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $29.49, for a total transaction of $15,865.62. Following the completion of the transaction, the director now owns 27,049 shares in the company, valued at $797,675.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Linda Rottenberg also recently made the following trade(s):

  • On Wednesday, September 7th, Linda Rottenberg sold 6,453 shares of Zayo Group Holdings stock. The shares were sold at an average price of $30.00, for a total transaction of $193,590.00.
  • On Thursday, September 1st, Linda Rottenberg sold 538 shares of Zayo Group Holdings stock. The shares were sold at an average price of $29.12, for a total transaction of $15,666.56.
  • On Monday, August 1st, Linda Rottenberg sold 538 shares of Zayo Group Holdings stock. The shares were sold at an average price of $28.34, for a total transaction of $15,246.92.

Shares of Zayo Group Holdings Inc. (NYSE:ZAYO) opened at 31.01 on Thursday. The firm has a 50-day moving average of $29.41 and a 200-day moving average of $27.61. Zayo Group Holdings Inc. has a 52 week low of $19.59 and a 52 week high of $31.08. The firm’s market cap is $7.52 billion.

Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Thursday, August 25th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.15. The firm earned $507.30 million during the quarter, compared to analyst estimates of $498.62 million. Zayo Group Holdings had a negative return on equity of 3.44% and a negative net margin of 4.43%. The firm’s revenue for the quarter was up 40.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. On average, analysts expect that Zayo Group Holdings Inc. will post $0.26 EPS for the current year.

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

Several equities research analysts have commented on the stock. FBR & Co reaffirmed a “hold” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. Zacks Investment Research raised shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Pacific Crest assumed coverage on shares of Zayo Group Holdings in a research note on Monday, July 25th. They issued a “sector weight” rating and a $30.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Zayo Group Holdings in a research note on Sunday, July 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $30.15.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado increased its position in shares of Zayo Group Holdings by 13.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,241 shares of the company’s stock worth $146,000 after buying an additional 634 shares during the period. Sei Investments Co. purchased a new position in shares of Zayo Group Holdings during the second quarter worth about $157,000. Fifth Third Bancorp increased its position in shares of Zayo Group Holdings by 926.9% in the second quarter. Fifth Third Bancorp now owns 7,065 shares of the company’s stock worth $197,000 after buying an additional 6,377 shares during the period. Numeric Investors LLC purchased a new position in shares of Zayo Group Holdings during the second quarter worth about $204,000. Finally, Legal & General Group Plc purchased a new position in shares of Zayo Group Holdings during the first quarter worth about $206,000. Hedge funds and other institutional investors own 57.46% of the company’s stock.

About Zayo Group Holdings

Zayo Group Holdings, Inc is a provider of bandwidth infrastructure in the United States and Europe. The Company’s products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings.

5 Day Chart for NYSE:ZAYO

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