Zayo Group Holdings (NYSE:ZAYO) major shareholder Fund X/C Lp Gtcr sold 4,675,000 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $37.05, for a total transaction of $173,208,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
NYSE:ZAYO traded down $0.17 during trading hours on Friday, reaching $36.28. The company’s stock had a trading volume of 2,298,471 shares, compared to its average volume of 2,435,246. The stock has a market capitalization of $8,999.76, a PE ratio of 90.70, a P/E/G ratio of 20.16 and a beta of 0.53. Zayo Group Holdings has a one year low of $29.73 and a one year high of $37.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.73.
Zayo Group (NYSE:ZAYO) last released its earnings results on Wednesday, February 7th. The technology company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.10. The firm had revenue of $653.50 million during the quarter, compared to analyst estimates of $650.79 million. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. sell-side analysts forecast that Zayo Group Holdings will post 0.36 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the stock. Citigroup restated a “buy” rating on shares of Zayo Group in a report on Thursday, December 14th. Morgan Stanley boosted their price target on shares of Zayo Group from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. SunTrust Banks boosted their price target on shares of Zayo Group to $45.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Barclays restated a “buy” rating and set a $41.00 price target on shares of Zayo Group in a report on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, February 10th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $41.70.
A number of institutional investors have recently added to or reduced their stakes in ZAYO. The Manufacturers Life Insurance Company lifted its position in Zayo Group by 9.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,018 shares of the technology company’s stock worth $280,000 after acquiring an additional 775 shares during the last quarter. Aperio Group LLC lifted its position in Zayo Group by 158.5% during the 3rd quarter. Aperio Group LLC now owns 28,178 shares of the technology company’s stock worth $970,000 after acquiring an additional 17,278 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in Zayo Group by 4.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 69,400 shares of the technology company’s stock worth $2,389,000 after acquiring an additional 3,000 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Zayo Group during the 3rd quarter worth $1,596,000. Finally, Swiss National Bank lifted its position in Zayo Group by 2.1% during the 3rd quarter. Swiss National Bank now owns 806,500 shares of the technology company’s stock worth $27,760,000 after acquiring an additional 16,700 shares during the last quarter. 87.25% of the stock is owned by hedge funds and other institutional investors.
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Zayo Group Company Profile
Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.
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