Daniel Caruso Sells 265,252 Shares of Zayo Group Holdings (ZAYO) Stock

Zayo Group Holdings (NYSE:ZAYO) CEO Daniel Caruso sold 265,252 shares of the company’s stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $37.70, for a total transaction of $10,000,000.40. Following the completion of the transaction, the chief executive officer now directly owns 3,686,256 shares of the company’s stock, valued at $138,971,851.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, April 3rd, Daniel Caruso sold 3,380 shares of Zayo Group stock. The stock was sold at an average price of $35.58, for a total transaction of $120,260.40.
  • On Wednesday, March 21st, Daniel Caruso sold 63,054 shares of Zayo Group stock. The stock was sold at an average price of $35.50, for a total transaction of $2,238,417.00.
  • On Monday, March 19th, Daniel Caruso sold 189,409 shares of Zayo Group stock. The stock was sold at an average price of $35.74, for a total transaction of $6,769,477.66.
  • On Monday, March 12th, Daniel Caruso sold 26,332 shares of Zayo Group stock. The stock was sold at an average price of $37.70, for a total transaction of $992,716.40.
  • On Monday, February 26th, Daniel Caruso sold 133,888 shares of Zayo Group stock. The stock was sold at an average price of $36.00, for a total transaction of $4,819,968.00.
  • On Tuesday, February 20th, Daniel Caruso sold 119,352 shares of Zayo Group stock. The stock was sold at an average price of $37.70, for a total transaction of $4,499,570.40.
  • On Thursday, February 8th, Daniel Caruso sold 17,950 shares of Zayo Group stock. The stock was sold at an average price of $37.76, for a total transaction of $677,792.00.

Shares of ZAYO stock opened at $37.25 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.73. The stock has a market capitalization of $9,190.77, a PE ratio of 93.13, a PEG ratio of 13.23 and a beta of 0.53. Zayo Group Holdings has a 52-week low of $29.73 and a 52-week high of $37.95.

Zayo Group (NYSE:ZAYO) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.10. The company had revenue of $653.50 million for the quarter, compared to analysts’ expectations of $650.79 million. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. equities analysts forecast that Zayo Group Holdings will post 0.56 earnings per share for the current year.

ZAYO has been the topic of several analyst reports. Zacks Investment Research cut shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 14th. Raymond James raised shares of Zayo Group from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a research report on Friday, April 13th. Morgan Stanley boosted their price target on shares of Zayo Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. UBS raised shares of Zayo Group from a “market perform” rating to an “outperform” rating in a research report on Friday, April 13th. Finally, Rabobank International raised shares of Zayo Group from a “market perform” rating to an “outperform” rating in a research report on Sunday, April 15th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Zayo Group presently has an average rating of “Buy” and an average target price of $41.73.

Several hedge funds have recently modified their holdings of ZAYO. Cerebellum GP LLC bought a new position in Zayo Group in the 4th quarter valued at about $126,000. SG Americas Securities LLC bought a new position in Zayo Group in the 4th quarter valued at about $141,000. American International Group Inc. bought a new position in Zayo Group in the 4th quarter valued at about $162,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Zayo Group by 102.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,300 shares of the technology company’s stock valued at $269,000 after acquiring an additional 3,700 shares during the period. Finally, M&T Bank Corp raised its holdings in Zayo Group by 39.3% in the 4th quarter. M&T Bank Corp now owns 8,323 shares of the technology company’s stock valued at $306,000 after acquiring an additional 2,350 shares during the period. 87.13% of the stock is currently owned by institutional investors.

About Zayo Group

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.

Insider Buying and Selling by Quarter for Zayo Group (NYSE:ZAYO)

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