Zayo Group Holdings, Inc. (ZAYO) COO Andrew Crouch Sells 22,803 Shares of Stock
Zayo Group Holdings, Inc. (NYSE:ZAYO) COO Andrew Crouch sold 22,803 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total transaction of $777,582.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Zayo Group Holdings, Inc. (NYSE ZAYO) traded down 0.445% during mid-day trading on Friday, reaching $34.675. 1,004,466 shares of the company’s stock were exchanged. The firm has a market cap of $8.55 billion, a P/E ratio of 99.071 and a beta of 0.55. Zayo Group Holdings, Inc. has a 52-week low of $29.30 and a 52-week high of $35.65. The company has a 50 day moving average price of $34.38 and a 200 day moving average price of $33.01.
Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The company had revenue of $638.00 million during the quarter, compared to the consensus estimate of $642.67 million. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. Zayo Group Holdings’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) EPS. Analysts forecast that Zayo Group Holdings, Inc. will post $0.61 earnings per share for the current fiscal year.
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ZAYO has been the topic of several recent research reports. BidaskClub raised shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Pacific Crest reaffirmed an “equal weight” rating on shares of Zayo Group Holdings in a report on Friday, June 23rd. Zacks Investment Research cut shares of Zayo Group Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a research note on Friday, August 11th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $38.36.
Several large investors have recently modified their holdings of ZAYO. Mutual of America Capital Management LLC bought a new position in shares of Zayo Group Holdings in the 2nd quarter worth $142,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Zayo Group Holdings in the 1st quarter worth $151,000. Nordea Investment Management AB increased its holdings in shares of Zayo Group Holdings by 6.8% in the 1st quarter. Nordea Investment Management AB now owns 5,240 shares of the technology company’s stock worth $172,000 after buying an additional 335 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Zayo Group Holdings in the 1st quarter worth $203,000. Finally, Cadence Capital Management LLC increased its holdings in shares of Zayo Group Holdings by 6.3% in the 1st quarter. Cadence Capital Management LLC now owns 6,493 shares of the technology company’s stock worth $214,000 after buying an additional 382 shares during the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.
About Zayo Group Holdings
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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