Zayo Group Holdings Inc (NYSE:ZAYO) CFO Matt Steinfort sold 1,486 shares of the business’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $38.50, for a total value of $57,211.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Matt Steinfort also recently made the following trade(s):

  • On Tuesday, July 3rd, Matt Steinfort sold 1,188 shares of Zayo Group stock. The stock was sold at an average price of $37.10, for a total value of $44,074.80.
  • On Thursday, July 5th, Matt Steinfort sold 1,730 shares of Zayo Group stock. The stock was sold at an average price of $37.31, for a total value of $64,546.30.

Shares of Zayo Group traded up $0.23, reaching $39.35, during trading on Wednesday, according to MarketBeat. The stock had a trading volume of 3,010,700 shares, compared to its average volume of 2,412,309. Zayo Group Holdings Inc has a one year low of $29.73 and a one year high of $39.52. 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 company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 98.38, a price-to-earnings-growth ratio of 15.84 and a beta of 0.49.

Zayo Group (NYSE:ZAYO) last issued its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. Zayo Group had a return on equity of 9.31% and a net margin of 3.15%. The business had revenue of $649.40 million during the quarter, compared to the consensus estimate of $652.84 million. During the same period in the previous year, the business earned $0.11 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. equities analysts predict that Zayo Group Holdings Inc will post 0.53 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of ZAYO. Xact Kapitalforvaltning AB boosted its position in Zayo Group by 26.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 26,475 shares of the technology company’s stock valued at $966,000 after purchasing an additional 5,504 shares during the period. State of Alaska Department of Revenue boosted its position in Zayo Group by 41.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 24,160 shares of the technology company’s stock valued at $881,000 after purchasing an additional 7,050 shares during the period. IFM Investors Pty Ltd acquired a new position in Zayo Group during the 2nd quarter valued at approximately $275,000. DnB Asset Management AS boosted its position in Zayo Group by 21.6% during the 2nd quarter. DnB Asset Management AS now owns 19,695 shares of the technology company’s stock valued at $718,000 after purchasing an additional 3,500 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Zayo Group by 4.5% during the 2nd quarter. Gulf International Bank UK Ltd now owns 62,824 shares of the technology company’s stock valued at $2,291,000 after purchasing an additional 2,700 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Several research firms have issued reports on ZAYO. Deutsche Bank upgraded Zayo Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $42.00 in a report on Wednesday, April 18th. Bank of America began coverage on Zayo Group in a report on Friday, May 18th. They set a “buy” rating and a $43.00 price objective on the stock. ValuEngine upgraded Zayo Group from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research restated a “hold” rating on shares of Zayo Group in a report on Saturday, April 21st. Finally, Rabobank International upgraded Zayo Group from a “market perform” rating to an “outperform” rating in a report on Sunday, April 15th. 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.40.

About Zayo Group

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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