Zayo Group Holdings Inc. (NYSE:ZAYO) CFO Kenneth Desgarennes sold 233,378 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $35.08, for a total value of $8,186,900.24. Following the completion of the transaction, the chief financial officer now owns 994,228 shares of the company’s stock, valued at approximately $34,877,518.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, November 23rd, Kenneth Desgarennes sold 29,643 shares of Zayo Group Holdings stock. The stock was sold at an average price of $34.45, for a total value of $1,021,201.35.
  • On Friday, November 18th, Kenneth Desgarennes sold 183,427 shares of Zayo Group Holdings stock. The stock was sold at an average price of $35.00, for a total value of $6,419,945.00.
  • On Monday, October 24th, Kenneth Desgarennes sold 38,885 shares of Zayo Group Holdings stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $29.83, for a total value of $1,864,375.00.

Zayo Group Holdings Inc. (NYSE:ZAYO) opened at 34.39 on Friday. Zayo Group Holdings Inc. has a 12 month low of $19.59 and a 12 month high of $35.33. The company’s market capitalization is $8.36 billion. The firm has a 50-day moving average price of $32.28 and a 200 day moving average price of $29.40.

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, beating analysts’ consensus estimates of $0.05 by $0.01. Zayo Group Holdings had a negative return on equity of 0.93% and a negative net margin of 2.44%. The firm earned $504.90 million during the quarter, compared to analysts’ expectations of $511.81 million. During the same period in the previous year, the firm earned ($0.06) earnings per share. The company’s revenue was up 37.6% on a year-over-year basis. Analysts expect 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)

ZAYO has been the subject of a number of research reports. Zacks Investment Research upgraded Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Saturday, November 12th. Goldman Sachs Group Inc. upgraded Zayo Group Holdings from a “buy” rating to a “conviction-buy” rating and set a $39.00 price objective for the company in a research report on Monday, October 31st. Stephens lowered Zayo Group Holdings from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 26th. FBR & Co reaffirmed a “hold” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. Finally, Pacific Crest reaffirmed 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 company presently has an average rating of “Buy” and a consensus target price of $31.17.

A number of hedge funds and other institutional investors have recently bought and sold shares of ZAYO. Public Employees Retirement Association of Colorado boosted its position in Zayo Group Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,262 shares of the company’s stock worth $156,000 after buying an additional 21 shares during the last quarter. Mycio Wealth Partners LLC boosted its position in Zayo Group Holdings by 0.3% in the second quarter. Mycio Wealth Partners LLC now owns 45,287 shares of the company’s stock valued at $1,265,000 after buying an additional 133 shares in the last quarter. Legal & General Group Plc boosted its position in Zayo Group Holdings by 5.1% in the second quarter. Legal & General Group Plc now owns 8,909 shares of the company’s stock valued at $249,000 after buying an additional 436 shares in the last quarter. Private Advisor Group LLC boosted its position in Zayo Group Holdings by 1.4% in the second quarter. Private Advisor Group LLC now owns 35,918 shares of the company’s stock valued at $990,000 after buying an additional 484 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Zayo Group Holdings by 10.1% in the third quarter. PNC Financial Services Group Inc. now owns 11,258 shares of the company’s stock valued at $334,000 after buying an additional 1,032 shares in the last quarter. 56.27% of the stock is owned by hedge funds and other institutional investors.

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Zayo Group Holdings Company Profile

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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