Zayo Group Holdings, Inc. (NYSE:ZAYO) CFO Matt Steinfort sold 812 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $34.95, for a total value of $28,379.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) traded down 0.43% during midday trading on Thursday, reaching $34.83. The company’s stock had a trading volume of 1,619,637 shares. The stock’s 50-day moving average price is $34.38 and its 200-day moving average price is $33.01. The company has a market cap of $8.59 billion, a P/E ratio of 99.51 and a beta of 0.55. Zayo Group Holdings, Inc. has a 12-month low of $29.30 and a 12-month high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last released its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The business had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $642.67 million. During the same quarter in the previous year, the company posted ($0.13) EPS. The company’s revenue was up 25.8% compared to the same quarter last year. On average, analysts expect that Zayo Group Holdings, Inc. will post $0.61 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on ZAYO shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $42.00 price objective on shares of Zayo Group Holdings in a research report on Wednesday, September 13th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Cowen and Company reaffirmed a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Pacific Crest reaffirmed an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Finally, Deutsche Bank AG started coverage on Zayo Group Holdings in a research report on Monday, August 28th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.36.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC acquired a new stake in shares of Zayo Group Holdings in the 2nd quarter valued at about $142,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Zayo Group Holdings in the 1st quarter valued at about $151,000. Nordea Investment Management AB boosted its position in shares of Zayo Group Holdings by 6.8% in the 1st quarter. Nordea Investment Management AB now owns 5,240 shares of the technology company’s stock valued at $172,000 after purchasing an additional 335 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Zayo Group Holdings in the 1st quarter valued at about $203,000. Finally, Cadence Capital Management LLC boosted its position in shares of Zayo Group Holdings by 6.3% in the 1st quarter. Cadence Capital Management LLC now owns 6,493 shares of the technology company’s stock valued at $214,000 after purchasing an additional 382 shares during the period. 78.91% of the stock is owned by hedge funds and other institutional investors.

Zayo Group Holdings Company Profile

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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