Zayo Group Holdings Inc (NYSE:ZAYO) CEO Sells $458,750.00 in 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 shares were 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 in the company, valued at $157,320,201.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, January 17th, Daniel Caruso sold 123,738 shares of Zayo Group stock. The shares were sold at an average price of $36.80, for a total transaction of $4,553,558.40.
  • On Monday, January 8th, Daniel Caruso sold 87,741 shares of Zayo Group stock. The shares were 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.

Shares of Zayo Group Holdings Inc (NYSE:ZAYO) traded down $0.11 during trading hours on Monday, reaching $36.50. 3,970,928 shares of the company traded hands, compared to its average volume of 1,564,977. The company has a market cap of $9,140.00, a P/E ratio of 96.05, a PEG ratio of 14.90 and a beta of 0.47. Zayo Group Holdings Inc has a 12-month low of $29.73 and a 12-month high of $37.49. 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 (NYSE:ZAYO) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Zayo Group had a net margin of 3.99% and a return on equity of 8.01%. sell-side analysts anticipate that Zayo Group Holdings Inc will post 0.49 EPS for the current fiscal year.

A number of brokerages have recently commented on ZAYO. SunTrust Banks reissued a “buy” rating and issued a $45.00 target price on shares of Zayo Group in a research note on Thursday, December 7th. BidaskClub downgraded shares of Zayo Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. UBS Group assumed coverage on shares of Zayo Group in a research note on Tuesday, October 17th. They issued a “buy” rating on the stock. Oppenheimer reaffirmed a “buy” rating and set a $42.00 price target on shares of Zayo Group in a report on Tuesday, November 7th. Finally, Barclays reaffirmed a “buy” rating and set a $41.00 price target on shares of Zayo Group in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $39.36.

Hedge funds have recently added to or reduced their stakes in the business. Dodge & Cox grew its stake in shares of Zayo Group by 0.6% in the 2nd quarter. Dodge & Cox now owns 16,565,828 shares of the technology company’s stock worth $511,884,000 after purchasing an additional 96,250 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Zayo Group by 8.9% in the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after acquiring an additional 1,127,326 shares in the last quarter. BlackRock Inc. increased its position in shares of Zayo Group by 8.7% in the second quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock worth $315,410,000 after acquiring an additional 813,652 shares in the last quarter. Carmignac Gestion increased its position in shares of Zayo Group by 6.7% in the third quarter. Carmignac Gestion now owns 5,196,674 shares of the technology company’s stock worth $178,870,000 after acquiring an additional 328,486 shares in the last quarter. Finally, Jana Partners LLC increased its position in shares of Zayo Group by 48.0% in the third quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock worth $143,738,000 after acquiring an additional 1,353,775 shares in the last quarter. Institutional investors own 84.71% of the company’s stock.

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Zayo Group 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 (NYSE:ZAYO)

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