Zayo Group Holdings Inc. (NYSE:ZAYO) CFO Kenneth Desgarennes sold 3,401 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $29.64, for a total value of $100,805.64. Following the transaction, the chief financial officer now owns 2,332,340 shares of the company’s stock, valued at approximately $69,130,557.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kenneth Desgarennes also recently made the following trade(s):

  • On Thursday, October 6th, Kenneth Desgarennes sold 3,278 shares of Zayo Group Holdings stock. The shares were sold at an average price of $31.01, for a total value of $101,650.78.
  • On Thursday, September 22nd, Kenneth Desgarennes sold 62,500 shares of Zayo Group Holdings stock. The shares were sold at an average price of $29.83, for a total value of $1,864,375.00.
  • On Monday, August 22nd, Kenneth Desgarennes sold 62,500 shares of Zayo Group Holdings stock. The shares were sold at an average price of $28.99, for a total value of $1,811,875.00.
  • On Friday, July 22nd, Kenneth Desgarennes sold 62,500 shares of Zayo Group Holdings stock. The shares were sold at an average price of $29.54, for a total value of $1,846,250.00.

Zayo Group Holdings Inc. (NYSE:ZAYO) opened at 30.93 on Friday. Zayo Group Holdings Inc. has a 12 month low of $19.59 and a 12 month high of $31.08. The stock’s 50 day moving average is $29.48 and its 200-day moving average is $27.64. The stock’s market capitalization is $7.51 billion.

Zayo Group Holdings (NYSE:ZAYO) last posted its earnings results on Thursday, August 25th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.15. The company earned $507.30 million during the quarter, compared to analysts’ expectations of $498.62 million. Zayo Group Holdings had a negative net margin of 4.43% and a negative return on equity of 3.44%. The company’s quarterly revenue was up 40.2% on a year-over-year basis. During the same period last year, the business earned $0.02 earnings per share. On average, equities research analysts expect 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 brokerages have recently weighed in on ZAYO. Zacks Investment Research upgraded Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Oppenheimer Holdings Inc. raised their price objective on Zayo Group Holdings from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, August 30th. FBR & Co restated a “hold” rating on shares of Zayo Group Holdings in a research report on Friday, August 26th. Stephens downgraded shares of Zayo Group Holdings from an “overweight” rating to an “equal weight” rating in a report on Friday, August 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Zayo Group Holdings in a report on Friday, August 26th. One equities 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’s stock. The company has an average rating of “Buy” and an average price target of $30.15.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in Zayo Group Holdings by 93.4% in the second quarter. FMR LLC now owns 3,376,639 shares of the company’s stock worth $94,310,000 after buying an additional 1,630,339 shares during the period. Bank of Montreal Can bought a new position in Zayo Group Holdings during the second quarter worth approximately $37,513,000. Brookside Capital Management LLC increased its position in Zayo Group Holdings by 60.5% in the first quarter. Brookside Capital Management LLC now owns 3,190,992 shares of the company’s stock worth $77,350,000 after buying an additional 1,202,747 shares during the period. Vanguard Group Inc. increased its position in Zayo Group Holdings by 12.0% in the second quarter. Vanguard Group Inc. now owns 8,489,965 shares of the company’s stock worth $237,125,000 after buying an additional 910,959 shares during the period. Finally, Royal Bank of Canada increased its position in Zayo Group Holdings by 3,520.3% in the second quarter. Royal Bank of Canada now owns 874,629 shares of the company’s stock worth $24,427,000 after buying an additional 850,470 shares during the period. 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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