Zayo Group Holdings Inc. (NYSE:ZAYO) COO Christopher Morley sold 3,279 shares of Zayo Group Holdings stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $31.01, for a total transaction of $101,681.79. Following the sale, the chief operating officer now owns 461,616 shares in the company, valued at approximately $14,314,712.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.
  • On Monday, October 3rd, Christopher Morley sold 3,561 shares of Zayo Group Holdings stock. The stock was sold at an average price of $29.64, for a total transaction of $105,548.04.

Shares of Zayo Group Holdings Inc. (NYSE:ZAYO) opened at 30.68 on Friday. The firm’s market cap is $7.44 billion. The company has a 50-day moving average of $29.53 and a 200 day moving average of $27.68. Zayo Group Holdings Inc. has a 12-month low of $19.59 and a 12-month high of $31.08.

Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Thursday, August 25th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $507.30 million for the quarter, compared to analyst estimates of $498.62 million. During the same quarter last year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 40.2% compared to the same quarter last year. Equities analysts predict 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 analysts recently issued reports on the stock. 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 price target for the company. Morgan Stanley restated an “overweight” rating on shares of Zayo Group Holdings in a research note on Sunday, July 24th. Zacks Investment Research upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. William Blair restated an “outperform” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. Finally, Stephens lowered shares of Zayo Group Holdings from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 26th. One 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. Zayo Group Holdings presently has a consensus rating of “Buy” and a consensus price target of $30.15.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlueMountain Capital Management LLC acquired a new position in shares of Zayo Group Holdings during the first quarter worth approximately $250,000. Lorber David A acquired a new position in shares of Zayo Group Holdings during the first quarter worth approximately $233,000. Royal Bank of Canada raised its position in shares of Zayo Group Holdings by 727.9% in the first quarter. Royal Bank of Canada now owns 24,159 shares of the company’s stock worth $586,000 after buying an additional 21,241 shares during the period. Seven Eight Capital LLC raised its position in shares of Zayo Group Holdings by 110.9% in the first quarter. Seven Eight Capital LLC now owns 31,000 shares of the company’s stock worth $751,000 after buying an additional 16,300 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Zayo Group Holdings during the first quarter worth approximately $217,000. 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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