Zayo Group (NYSE:ZAYO) Reaches New 12-Month High at $34.72
Zayo Group Holdings Inc (NYSE:ZAYO)’s share price hit a new 52-week high on Wednesday . The company traded as high as $34.72 and last traded at $34.70, with a volume of 1216673 shares. The stock had previously closed at $34.69.
Separately, ValuEngine cut shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.75.
The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.56. The business’s 50-day simple moving average is $34.47 and its two-hundred day simple moving average is $34.00. The company has a market capitalization of $8.22 billion, a PE ratio of 55.98, a PEG ratio of 15.14 and a beta of 0.73.
In other news, insider Sandra Mays sold 3,902 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $34.66, for a total value of $135,243.32. Following the sale, the insider now owns 72,114 shares in the company, valued at approximately $2,499,471.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard W. Connor sold 9,600 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $34.64, for a total transaction of $332,544.00. Following the completion of the sale, the director now owns 86,696 shares in the company, valued at approximately $3,003,149.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,442 shares of company stock valued at $1,810,448. 2.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of Zayo Group in the 3rd quarter valued at about $31,000. Captrust Financial Advisors raised its stake in shares of Zayo Group by 8,400.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,700 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,680 shares in the last quarter. Capital Bank & Trust Co acquired a new stake in shares of Zayo Group in the 2nd quarter valued at about $93,000. Point72 Hong Kong Ltd raised its stake in shares of Zayo Group by 28.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,876 shares of the technology company’s stock valued at $95,000 after purchasing an additional 630 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Zayo Group in the 4th quarter valued at about $107,000. Institutional investors and hedge funds own 86.84% of the company’s stock.
About Zayo Group (NYSE:ZAYO)
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.
Further Reading: Diversification
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