Daniel Caruso Sells 12,500 Shares of Zayo Group Holdings Inc (ZAYO) Stock

Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 12,500 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $36.70, for a total transaction of $458,750.00. Following the completion of the sale, the chief executive officer now owns 4,286,654 shares of the company’s stock, valued at approximately $157,320,201.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Monday, January 8th, Daniel Caruso sold 87,741 shares of Zayo Group stock. The stock was sold at an average price of $36.05, for a total transaction of $3,163,063.05.
  • On Tuesday, January 2nd, Daniel Caruso sold 17,723 shares of Zayo Group stock. The stock was sold at an average price of $36.39, for a total transaction of $644,939.97.

Zayo Group Holdings Inc (NYSE ZAYO) opened at $36.46 on Friday. The firm has a market cap of $8,990.00, a price-to-earnings ratio of 95.95, a PEG ratio of 14.86 and a beta of 0.53. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.91 and a current ratio of 0.91. Zayo Group Holdings Inc has a twelve month low of $29.73 and a twelve month high of $37.26.

Several institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in Zayo Group in the 4th quarter valued at $552,000. Jana Partners LLC grew its stake in Zayo Group by 48.0% in the 3rd quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock valued at $143,738,000 after buying an additional 1,353,775 shares during the last quarter. FrontFour Capital Group LLC grew its stake in Zayo Group by 46.9% in the 3rd quarter. FrontFour Capital Group LLC now owns 147,637 shares of the technology company’s stock valued at $5,082,000 after buying an additional 47,155 shares during the last quarter. Alkeon Capital Management LLC grew its stake in Zayo Group by 23.1% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,067,429 shares of the technology company’s stock valued at $36,741,000 after buying an additional 200,000 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in Zayo Group by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 345,712 shares of the technology company’s stock valued at $11,899,000 after buying an additional 8,812 shares during the last quarter. Institutional investors and hedge funds own 84.07% of the company’s stock.

A number of equities research analysts have issued reports on ZAYO shares. Oppenheimer reiterated a “buy” rating and issued a $42.00 target price on shares of Zayo Group in a research report on Tuesday, November 7th. Morgan Stanley upgraded shares of Zayo Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $33.00 to $40.00 in a report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. TheStreet downgraded shares of Zayo Group from a “b-” rating to a “c+” rating in a report on Monday, November 13th. Finally, BidaskClub upgraded shares of Zayo Group from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.42.

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About Zayo Group

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 (NYSE:ZAYO)

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