Zayo Group Holdings Inc. (NYSE:ZAYO) CEO Daniel Caruso sold 6,028 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $31.01, for a total value of $186,928.28. Following the transaction, the chief executive officer now directly owns 4,375,530 shares of the company’s stock, valued at approximately $135,685,185.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, October 5th, Daniel Caruso sold 42,000 shares of Zayo Group Holdings stock. The shares were sold at an average price of $30.80, for a total value of $1,293,600.00.
  • On Monday, October 3rd, Daniel Caruso sold 28,325 shares of Zayo Group Holdings stock. The shares were sold at an average price of $29.65, for a total value of $839,836.25.
  • On Thursday, September 1st, Daniel Caruso sold 13,000 shares of Zayo Group Holdings stock. The shares were sold at an average price of $29.12, for a total value of $378,560.00.
  • On Monday, August 1st, Daniel Caruso sold 11,847 shares of Zayo Group Holdings stock. The shares were sold at an average price of $28.13, for a total value of $333,256.11.

Shares of Zayo Group Holdings Inc. (NYSE:ZAYO) opened at 30.93 on Friday. The stock’s market cap is $7.51 billion. Zayo Group Holdings Inc. has a 1-year low of $19.59 and a 1-year high of $31.08. The company has a 50 day moving average price of $29.48 and a 200 day moving average price of $27.64.

Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.15. The firm earned $507.30 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.02 EPS. On average, equities analysts anticipate 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)

A number of research analysts have commented on the company. FBR & Co reaffirmed a “hold” rating on shares of Zayo Group Holdings in a research report on Friday, August 26th. Zacks Investment Research raised Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Pacific Crest assumed coverage on Zayo Group Holdings in a research report on Monday, July 25th. They set a “sector weight” rating and a $30.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Zayo Group Holdings in a research report on Sunday, July 24th. Finally, William Blair reiterated an “outperform” rating on shares of Zayo Group Holdings in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Zayo Group Holdings currently has an average rating of “Buy” and an average 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 stake 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 valued at $146,000 after buying an additional 634 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Zayo Group Holdings during the second quarter valued at about $157,000. Fifth Third Bancorp increased its stake 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 valued at $197,000 after buying an additional 6,377 shares during the last quarter. Numeric Investors LLC purchased a new stake in shares of Zayo Group Holdings during the second quarter valued at about $204,000. Finally, Legal & General Group Plc purchased a new stake in shares of Zayo Group Holdings during the first quarter valued at about $206,000. 57.46% of the stock is owned by institutional investors and hedge funds.

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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