Zayo Group Holdings Inc. (NYSE:ZAYO) CFO Kenneth Desgarennes sold 183,427 shares of Zayo Group Holdings stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $35.00, for a total value of $6,419,945.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, October 24th, Kenneth Desgarennes sold 38,885 shares of Zayo Group Holdings stock. The shares were sold at an average price of $31.79, for a total value of $1,236,154.15.
  • 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 Monday, October 3rd, Kenneth Desgarennes sold 3,401 shares of Zayo Group Holdings stock. The shares were sold at an average price of $29.64, for a total value of $100,805.64.
  • 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.

Shares of Zayo Group Holdings Inc. (NYSE:ZAYO) traded up 0.1721% during midday trading on Monday, reaching $34.9801. 618,603 shares of the company’s stock were exchanged. The firm’s market cap is $8.50 billion. Zayo Group Holdings Inc. has a one year low of $19.59 and a one year high of $35.33. The stock’s 50-day moving average is $31.80 and its 200 day moving average is $29.16.

Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business earned $504.90 million during the quarter, compared to the consensus estimate of $511.81 million. Zayo Group Holdings had a negative net margin of 2.44% and a negative return on equity of 0.93%. The business’s revenue was up 37.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) EPS. Analysts anticipate that Zayo Group Holdings Inc. will post $0.32 EPS for the current year.

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

Several analysts have weighed in on ZAYO shares. Zacks Investment Research raised Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Saturday, November 12th. Goldman Sachs Group Inc. raised Zayo Group Holdings from a “buy” rating to a “conviction-buy” rating and set a $39.00 price target on the stock in a research report on Monday, October 31st. Stephens cut Zayo Group Holdings from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 26th. FBR & Co reissued a “hold” rating on shares of Zayo Group Holdings in a research report on Friday, August 26th. Finally, Pacific Crest reissued a “hold” rating on shares of Zayo Group Holdings in a research report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.17.

Several institutional investors have recently made changes to their positions in ZAYO. Capital World Investors increased its position in shares of Zayo Group Holdings by 4.7% in the second quarter. Capital World Investors now owns 17,269,233 shares of the company’s stock worth $482,330,000 after buying an additional 772,678 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. Waddell & Reed Financial Inc. increased its position in shares of Zayo Group Holdings by 1.6% in the second quarter. Waddell & Reed Financial Inc. now owns 6,083,807 shares of the company’s stock worth $169,921,000 after buying an additional 98,000 shares in the last quarter. Cadian Capital Management LP increased its position in shares of Zayo Group Holdings by 2.6% in the third quarter. Cadian Capital Management LP now owns 5,749,067 shares of the company’s stock worth $170,805,000 after buying an additional 143,600 shares in the last quarter. Finally, FMR LLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 56.27% of the company’s stock.

About Zayo Group Holdings

Zayo Group Holdings, Inc is a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services.

5 Day Chart for NYSE:ZAYO

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