Zayo Group Holdings Inc. (NYSE:ZAYO) CFO Kenneth Desgarennes sold 29,643 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $34.45, for a total transaction of $1,021,201.35. Following the transaction, the chief financial officer now directly owns 994,228 shares in the company, valued at $34,251,154.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, November 21st, Kenneth Desgarennes sold 233,378 shares of Zayo Group Holdings stock. The stock was sold at an average price of $35.08, for a total transaction of $8,186,900.24.
  • On Friday, November 18th, Kenneth Desgarennes sold 183,427 shares of Zayo Group Holdings stock. The shares were sold at an average price of $35.00, for a total transaction of $6,419,945.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $1,864,375.00.

Zayo Group Holdings Inc. (NYSE:ZAYO) traded down 0.35% during trading on Wednesday, reaching $34.39. 3,111,579 shares of the company traded hands. The firm’s market capitalization is $8.36 billion. The firm’s 50 day moving average price is $32.28 and its 200 day moving average price is $29.40. Zayo Group Holdings Inc. has a 12-month low of $19.59 and a 12-month high of $35.33.

Zayo Group Holdings (NYSE:ZAYO) last posted its earnings results on Tuesday, November 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Zayo Group Holdings had a negative net margin of 2.44% and a negative return on equity of 0.93%. The business had revenue of $504.90 million for the quarter, compared to analysts’ expectations of $511.81 million. During the same period in the prior year, the company posted ($0.06) EPS. The business’s revenue for the quarter was up 37.6% compared to the same quarter last year. Equities research analysts expect that Zayo Group Holdings Inc. will post $0.32 earnings per share for the current year.

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

ZAYO has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Saturday, November 12th. Goldman Sachs Group Inc. raised shares of Zayo Group Holdings from a “buy” rating to a “conviction-buy” rating and set a $39.00 price objective on the stock in a research note on Monday, October 31st. Stephens cut shares of Zayo Group Holdings from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 26th. FBR & Co reissued a “hold” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. Finally, Pacific Crest reissued a “hold” rating on shares of Zayo Group Holdings in a research note 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 stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.17.

A number of hedge funds have recently bought and sold shares of ZAYO. Price T Rowe Associates Inc. MD bought a new position in shares of Zayo Group Holdings during the third quarter worth approximately $379,000. Quantitative Systematic Strategies LLC bought a new position in shares of Zayo Group Holdings during the third quarter worth approximately $597,000. Empire Capital Management L.L.C. bought a new position in shares of Zayo Group Holdings during the third quarter worth approximately $1,702,000. Eaton Vance Management raised its position in shares of Zayo Group Holdings by 39.5% in the third quarter. Eaton Vance Management now owns 1,534,896 shares of the company’s stock worth $45,602,000 after buying an additional 434,696 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in shares of Zayo Group Holdings during the third quarter worth approximately $437,000. Institutional investors and hedge funds own 56.27% of the company’s stock.

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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.

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