Zayo Group Holdings, Inc. (NYSE:ZAYO) CEO Daniel Caruso sold 295,078 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $33.89, for a total transaction of $10,000,193.42. Following the completion of the transaction, the chief executive officer now owns 4,284,854 shares in the company, valued at $145,213,702.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Daniel Caruso also recently made the following trade(s):

  • On Monday, July 31st, Daniel Caruso sold 152,900 shares of Zayo Group Holdings stock. The stock was sold at an average price of $32.70, for a total transaction of $4,999,830.00.
  • On Wednesday, July 26th, Daniel Caruso sold 154,402 shares of Zayo Group Holdings stock. The stock was sold at an average price of $32.38, for a total transaction of $4,999,536.76.
  • On Wednesday, July 5th, Daniel Caruso sold 11,324 shares of Zayo Group Holdings stock. The stock was sold at an average price of $30.58, for a total transaction of $346,287.92.
  • On Thursday, July 6th, Daniel Caruso sold 101,840 shares of Zayo Group Holdings stock. The stock was sold at an average price of $30.30, for a total transaction of $3,085,752.00.
  • On Monday, June 12th, Daniel Caruso sold 49,868 shares of Zayo Group Holdings stock. The stock was sold at an average price of $32.03, for a total transaction of $1,597,272.04.

Shares of Zayo Group Holdings, Inc. (NYSE ZAYO) traded up 0.20% during midday trading on Friday, reaching $34.24. 926,736 shares of the company’s stock traded hands. Zayo Group Holdings, Inc. has a 52-week low of $27.74 and a 52-week high of $35.65. The stock has a 50-day moving average price of $32.94 and a 200-day moving average price of $32.51. The stock has a market cap of $8.44 billion, a P/E ratio of 97.83 and a beta of 0.56.

Zayo Group Holdings (NYSE:ZAYO) last released its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The firm had revenue of $638 million for the quarter, compared to the consensus estimate of $642.67 million. During the same quarter in the previous year, the business posted ($0.13) EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. Analysts forecast that Zayo Group Holdings, Inc. will post $0.59 earnings per share for the current year.

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A number of equities research analysts recently weighed in on the stock. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Zayo Group Holdings in a research note on Wednesday, May 10th. J P Morgan Chase & Co downgraded shares of Zayo Group Holdings from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $36.00 in a research note on Wednesday, May 10th. Deutsche Bank AG assumed coverage on shares of Zayo Group Holdings in a research note on Monday. They set a “hold” rating for the company. BidaskClub raised shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.36.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZAYO. Dodge & Cox raised its stake in Zayo Group Holdings by 0.6% in the second quarter. Dodge & Cox now owns 16,565,828 shares of the technology company’s stock valued at $511,884,000 after buying an additional 96,250 shares in the last quarter. Vanguard Group Inc. raised its stake in Zayo Group Holdings by 8.9% in the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock valued at $425,998,000 after buying an additional 1,127,326 shares in the last quarter. BlackRock Inc. raised its stake in Zayo Group Holdings by 8.7% in the second quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock valued at $315,410,000 after buying an additional 813,652 shares in the last quarter. Carmignac Gestion bought a new stake in Zayo Group Holdings during the second quarter valued at $150,427,000. Finally, State Street Corp raised its stake in Zayo Group Holdings by 9.6% in the second quarter. State Street Corp now owns 3,117,303 shares of the technology company’s stock valued at $96,324,000 after buying an additional 272,503 shares in the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.

About Zayo Group Holdings

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

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

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