Royal Bank of Canada restated their buy rating on shares of Zayo Group Holdings Inc (NYSE:ZAYO) in a research report report published on Friday. The firm currently has a $35.00 price target on the stock.

Several other research analysts have also recently weighed in on the stock. FBR & Co cut shares of Zayo Group Holdings from a market perform rating to an underperform rating and lowered their price target for the company from $30.00 to $25.00 in a research report on Friday, February 10th. Zacks Investment Research cut shares of Zayo Group Holdings from a hold rating to a sell rating in a research report on Tuesday, January 24th. BTIG Research reissued a buy rating and set a $41.00 price target (up previously from $36.00) on shares of Zayo Group Holdings in a research report on Friday, January 20th. Stifel Nicolaus started coverage on shares of Zayo Group Holdings in a research report on Friday, January 13th. They set a buy rating and a $40.00 price target on the stock. Finally, Moffett Nathanson cut shares of Zayo Group Holdings from a buy rating to a neutral rating in a research report on Friday, December 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $33.67.

Shares of Zayo Group Holdings (NYSE:ZAYO) traded up 1.17% on Friday, reaching $33.68. 2,024,455 shares of the company’s stock traded hands. Zayo Group Holdings has a 52 week low of $23.25 and a 52 week high of $35.65. The firm’s 50 day moving average is $31.62 and its 200 day moving average is $31.78. The firm’s market capitalization is $8.22 billion.

Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $506.70 million for the quarter, compared to analysts’ expectations of $514.71 million. Zayo Group Holdings had a negative net margin of 0.74% and a positive return on equity of 1.53%. The company’s revenue was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. Analysts expect that Zayo Group Holdings will post $0.31 earnings per share for the current fiscal year.

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In other Zayo Group Holdings news, Director Richard W. Connor sold 1,269 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $33.03, for a total transaction of $41,915.07. Following the sale, the director now directly owns 144,790 shares in the company, valued at $4,782,413.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth Desgarennes sold 38,885 shares of the business’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $33.32, for a total transaction of $1,295,648.20. Following the sale, the chief financial officer now owns 1,007,829 shares in the company, valued at $33,580,862.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 429,665 shares of company stock worth $13,760,263. 5.80% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Dodge & Cox acquired a new stake in shares of Zayo Group Holdings during the fourth quarter worth about $478,647,000. Cadian Capital Management LP raised its stake in shares of Zayo Group Holdings by 2.6% in the third quarter. Cadian Capital Management LP now owns 5,749,067 shares of the company’s stock worth $170,805,000 after buying an additional 143,600 shares during the period. Criterion Capital Management LLC raised its stake in shares of Zayo Group Holdings by 15.5% in the third quarter. Criterion Capital Management LLC now owns 3,056,929 shares of the company’s stock worth $90,821,000 after buying an additional 410,697 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Zayo Group Holdings by 39.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,844,755 shares of the company’s stock worth $84,518,000 after buying an additional 801,542 shares during the period. Finally, State Street Corp raised its stake in shares of Zayo Group Holdings by 54.0% in the fourth quarter. State Street Corp now owns 2,727,533 shares of the company’s stock worth $89,629,000 after buying an additional 956,348 shares during the period. Institutional investors own 67.35% of the company’s stock.

About Zayo Group Holdings

Zayo Group Holdings, Inc is a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services.

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