Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 337,079 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $29.67, for a total value of $10,001,133.93. Following the completion of the transaction, the chief executive officer now directly owns 471,851 shares in the company, valued at $13,999,819.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Daniel Caruso also recently made the following trade(s):
- On Tuesday, August 14th, Daniel Caruso sold 265,866 shares of Zayo Group stock. The stock was sold at an average price of $37.61, for a total value of $9,999,220.26.
NYSE:ZAYO opened at $29.89 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.90. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 49.00, a price-to-earnings-growth ratio of 11.11 and a beta of 0.43. Zayo Group Holdings Inc has a 52 week low of $29.33 and a 52 week high of $39.66.
Zayo Group (NYSE:ZAYO) last posted its quarterly earnings results on Wednesday, August 22nd. The technology company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.09. The business had revenue of $657.60 million for the quarter, compared to analysts’ expectations of $655.78 million. Zayo Group had a return on equity of 9.97% and a net margin of 3.91%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. As a group, analysts predict that Zayo Group Holdings Inc will post 0.53 earnings per share for the current fiscal year.
A number of brokerages recently commented on ZAYO. Jefferies Financial Group began coverage on Zayo Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $49.00 target price on the stock. TheStreet raised Zayo Group from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Zacks Investment Research cut Zayo Group from a “hold” rating to a “sell” rating in a report on Sunday, July 8th. ValuEngine cut Zayo Group from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Finally, Moffett Nathanson raised Zayo Group from a “neutral” rating to a “buy” rating in a report on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $43.22.
A number of large investors have recently bought and sold shares of ZAYO. Steward Partners Investment Advisory LLC bought a new stake in Zayo Group during the third quarter valued at about $128,000. Cerebellum GP LLC raised its holdings in Zayo Group by 56.5% during the second quarter. Cerebellum GP LLC now owns 5,048 shares of the technology company’s stock valued at $184,000 after acquiring an additional 1,822 shares during the period. Signition LP bought a new stake in Zayo Group during the third quarter valued at about $264,000. IFM Investors Pty Ltd bought a new stake in Zayo Group during the second quarter valued at about $275,000. Finally, HL Financial Services LLC bought a new stake in Zayo Group during the second quarter valued at about $314,000. 94.86% of the stock is currently owned by institutional investors and hedge funds.
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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