Zayo Group Holdings Inc. (NYSE:ZAYO) COO Christopher Morley sold 3,561 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $29.64, for a total transaction of $105,548.04. Following the completion of the transaction, the chief operating officer now directly owns 489,895 shares of the company’s stock, valued at $14,520,487.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Christopher Morley also recently made the following trade(s):

  • On Tuesday, October 4th, Christopher Morley sold 25,000 shares of Zayo Group Holdings stock. The stock was sold at an average price of $30.01, for a total transaction of $750,250.00.

Shares of Zayo Group Holdings Inc. (NYSE:ZAYO) opened at 30.93 on Friday. Zayo Group Holdings Inc. has a one year low of $19.59 and a one year high of $31.08. The stock’s market cap is $7.51 billion. The company has a 50-day moving average of $29.48 and a 200 day moving average of $27.64.

Zayo Group Holdings (NYSE:ZAYO) last announced 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. Zayo Group Holdings had a negative return on equity of 3.44% and a negative net margin of 4.43%. The firm had revenue of $507.30 million for the quarter, compared to analysts’ expectations of $498.62 million. During the same period last year, the company posted $0.02 earnings per share. The business’s quarterly revenue was up 40.2% on a year-over-year basis. On average, analysts predict that Zayo Group Holdings Inc. will post $0.26 earnings per share for the current year.

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

A number of equities analysts recently issued reports on ZAYO shares. Oppenheimer Holdings Inc. increased their price target on shares of Zayo Group Holdings from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 30th. Stephens downgraded shares of Zayo Group Holdings from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 26th. William Blair reaffirmed an “outperform” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. Zacks Investment Research downgraded shares of Zayo Group Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Zayo Group Holdings in a research note on Sunday, July 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $30.15.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in 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 valued at $146,000 after buying an additional 634 shares during the last quarter. Sei Investments Co. bought a new position in Zayo Group Holdings during the second quarter valued at about $157,000. Fifth Third Bancorp increased its position in Zayo Group Holdings by 926.9% in the second quarter. Fifth Third Bancorp now owns 7,065 shares of the company’s stock valued at $197,000 after buying an additional 6,377 shares during the last quarter. Numeric Investors LLC bought a new position in Zayo Group Holdings during the second quarter valued at about $204,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Zayo Group Holdings during the second quarter valued at about $207,000. 57.46% of the stock is currently owned by hedge funds and other institutional investors.

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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