KeyCorp reissued their hold rating on shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) in a research report released on Wednesday.
A number of other research analysts have also commented on the company. Deutsche Bank AG initiated coverage on Zayo Group Holdings in a report on Monday, August 28th. They set a hold rating on the stock. Zacks Investment Research lowered Zayo Group Holdings from a hold rating to a sell rating in a report on Thursday, July 13th. BidaskClub lowered Zayo Group Holdings from a hold rating to a sell rating in a report on Friday, June 23rd. Pacific Crest reissued an equal weight rating on shares of Zayo Group Holdings in a report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. reissued a buy rating and set a $42.00 price target on shares of Zayo Group Holdings in a report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $38.36.
Zayo Group Holdings (ZAYO) opened at 34.80 on Wednesday. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 99.43 and a beta of 0.55. Zayo Group Holdings has a 52-week low of $29.30 and a 52-week high of $35.65. The company has a 50-day moving average of $34.56 and a 200-day moving average of $33.06.
Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. Zayo Group Holdings’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period last year, the business posted ($0.13) earnings per share. Equities research analysts expect that Zayo Group Holdings will post $0.61 EPS for the current year.
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In other Zayo Group Holdings news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total transaction of $161,445,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Caruso sold 58,634 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $34.55, for a total value of $2,025,804.70. The disclosure for this sale can be found here. Insiders sold a total of 5,617,498 shares of company stock valued at $192,225,997 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. boosted its position in Zayo Group Holdings by 45.1% during the 2nd quarter. Intl Fcstone Inc. now owns 16,674 shares of the technology company’s stock worth $515,000 after acquiring an additional 5,182 shares during the period. Navellier & Associates Inc boosted its position in Zayo Group Holdings by 9.7% during the 2nd quarter. Navellier & Associates Inc now owns 14,261 shares of the technology company’s stock worth $441,000 after acquiring an additional 1,262 shares during the period. BW Gestao de Investimentos Ltda. acquired a new stake in Zayo Group Holdings during the 2nd quarter worth about $2,026,000. Westwood Holdings Group Inc. boosted its position in Zayo Group Holdings by 2.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 878,082 shares of the technology company’s stock worth $27,230,000 after acquiring an additional 20,282 shares during the period. Finally, California State Teachers Retirement System boosted its position in Zayo Group Holdings by 6.4% during the 2nd quarter. California State Teachers Retirement System now owns 345,151 shares of the technology company’s stock worth $10,665,000 after acquiring an additional 20,860 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.
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.
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