Zayo Group Holdings Inc (NYSE:ZAYO) Director Linda Rottenberg sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $39.00, for a total value of $195,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Linda Rottenberg also recently made the following trade(s):

  • On Wednesday, June 6th, Linda Rottenberg sold 5,000 shares of Zayo Group stock. The stock was sold at an average price of $35.60, for a total value of $178,000.00.

Zayo Group traded up $0.23, hitting $39.35, during midday trading on Wednesday, Marketbeat Ratings reports. 3,010,700 shares of the company’s stock were exchanged, compared to its average volume of 2,412,309. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.77. The firm has a market cap of $9.59 billion, a PE ratio of 97.80, a P/E/G ratio of 15.84 and a beta of 0.49. Zayo Group Holdings Inc has a one year low of $29.73 and a one year high of $39.52.

Zayo Group (NYSE:ZAYO) last posted its earnings results on Thursday, May 3rd. The technology company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $649.40 million for the quarter, compared to analyst estimates of $652.84 million. Zayo Group had a return on equity of 9.31% and a net margin of 3.15%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. analysts forecast that Zayo Group Holdings Inc will post 0.53 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. American International Group Inc. acquired a new stake in shares of Zayo Group in the 4th quarter valued at about $162,000. Thompson Davis & CO. Inc. raised its stake in shares of Zayo Group by 60.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $171,000 after purchasing an additional 1,875 shares during the period. Cerebellum GP LLC raised its stake in shares of Zayo Group by 56.5% in the 2nd quarter. Cerebellum GP LLC now owns 5,048 shares of the technology company’s stock valued at $184,000 after purchasing an additional 1,822 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Zayo Group in the 1st quarter valued at about $212,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Zayo Group by 102.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,300 shares of the technology company’s stock valued at $269,000 after purchasing an additional 3,700 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Several research firms have recently issued reports on ZAYO. Zacks Investment Research lowered Zayo Group from a “hold” rating to a “sell” rating in a research report on Sunday. ValuEngine upgraded Zayo Group from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Deutsche Bank upgraded Zayo Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $42.00 in a research report on Wednesday, April 18th. Bank of America began coverage on Zayo Group in a research report on Friday, May 18th. They issued a “buy” rating and a $43.00 price target on the stock. Finally, UBS Group upgraded Zayo Group from a “market perform” rating to an “outperform” rating in a research report on Friday, April 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $42.40.

Zayo Group Company Profile

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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

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