Zayo Group Holdings, Inc. (NYSE:ZAYO) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Monday.

A number of other analysts also recently weighed in on ZAYO. BidaskClub raised shares of Zayo Group Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. William Blair reissued an “ourperform” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG initiated coverage on shares of Zayo Group Holdings in a report on Monday, August 28th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Zayo Group Holdings has an average rating of “Hold” and an average target price of $38.46.

Zayo Group Holdings (ZAYO) traded up $0.38 during midday trading on Monday, hitting $34.37. 1,717,300 shares of the company traded hands, compared to its average volume of 2,354,831. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group Holdings has a fifty-two week low of $29.30 and a fifty-two week high of $36.79. The company has a market cap of $8,406.72, a P/E ratio of 75.52, a P/E/G ratio of 13.83 and a beta of 0.56.

Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.99% and a return on equity of 8.01%. The company had revenue of $638.00 million during the quarter, compared to the consensus estimate of $642.67 million. During the same period last year, the company earned ($0.13) earnings per share. Zayo Group Holdings’s revenue for the quarter was up 25.8% on a year-over-year basis. sell-side analysts anticipate that Zayo Group Holdings will post 0.49 earnings per share for the current fiscal year.

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In other Zayo Group Holdings news, CEO Daniel Caruso sold 295,078 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $33.89, for a total value of $10,000,193.42. Following the completion of the sale, the chief executive officer now owns 4,284,854 shares in the company, valued at approximately $145,213,702.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $34.35, for a total transaction of $161,445,000.00. The disclosure for this sale can be found here. Insiders sold a total of 5,271,311 shares of company stock valued at $180,967,923 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ZAYO. Thompson Davis & CO. Inc. boosted its stake in shares of Zayo Group Holdings by 2,600.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,250 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Zayo Group Holdings in the 2nd quarter valued at about $142,000. Rehmann Capital Advisory Group bought a new position in shares of Zayo Group Holdings in the 3rd quarter valued at about $212,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Zayo Group Holdings by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock valued at $230,000 after purchasing an additional 122 shares during the last quarter. Finally, Cadence Capital Management LLC bought a new position in Zayo Group Holdings during the 3rd quarter worth approximately $232,000. 78.15% of the stock is currently owned by 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.

Analyst Recommendations for Zayo Group Holdings (NYSE:ZAYO)

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