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.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). The firm had revenue of $638.60 million during the quarter, compared to analysts’ expectations of $644.17 million. Zayo Group had a net margin of 5.66% and a return on equity of 11.34%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. On average, analysts forecast that Zayo Group Holdings Inc will post 0.62 EPS for the current year.

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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