TheStreet upgraded shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) from a c rating to a b- rating in a research report released on Tuesday, October 17th.
A number of other equities research analysts have also weighed in on ZAYO. BidaskClub lowered shares of Zayo Group Holdings from a hold rating to a sell rating in a research note on Friday, June 23rd. Pacific Crest reaffirmed an equal weight rating on shares of Zayo Group Holdings in a research note on Friday, June 23rd. Zacks Investment Research lowered shares of Zayo Group Holdings from a hold rating to a sell rating in a research note on Thursday, July 13th. Cowen and Company reaffirmed a buy rating on shares of Zayo Group Holdings in a research note on Friday, August 11th. Finally, Stifel Nicolaus reaffirmed a buy rating on shares of Zayo Group Holdings in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $38.50.
Zayo Group Holdings (ZAYO) opened at 35.70 on Tuesday. The stock’s 50 day moving average is $34.88 and its 200 day moving average is $33.24. Zayo Group Holdings has a one year low of $29.30 and a one year high of $36.79. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 102.00 and a beta of 0.55.
Zayo Group Holdings (NYSE:ZAYO) last announced its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $638.00 million for the quarter, compared to the consensus estimate of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) EPS. On average, analysts predict that Zayo Group Holdings will post $0.61 earnings per share for the current fiscal year.
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In other Zayo Group Holdings news, CFO Kenneth Desgarennes sold 38,885 shares of Zayo Group Holdings stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.08, for a total value of $1,325,200.80. Following the completion of the transaction, the chief financial officer now directly owns 1,018,044 shares of the company’s stock, valued at $34,694,939.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Caruso sold 152,900 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $32.70, for a total transaction of $4,999,830.00. Following the transaction, the chief executive officer now directly owns 4,608,165 shares of the company’s stock, valued at $150,686,995.50. The disclosure for this sale can be found here. Insiders sold 5,424,211 shares of company stock valued at $185,967,753 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC purchased a new position in shares of Zayo Group Holdings during the second quarter valued at approximately $142,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Zayo Group Holdings during the first quarter valued at approximately $151,000. Neuberger Berman Group LLC purchased a new position in shares of Zayo Group Holdings during the first quarter valued at approximately $203,000. Rehmann Capital Advisory Group purchased a new position in shares of Zayo Group Holdings during the third quarter valued at approximately $212,000. Finally, Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Zayo Group Holdings by 1.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock valued at $230,000 after purchasing an additional 122 shares during the last quarter. 78.82% 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.
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