Zayo Group Holdings, Inc. (ZAYO) CEO Sells $4,999,830.00 in Stock

Zayo Group Holdings, Inc. (NYSE:ZAYO) CEO Daniel Caruso sold 152,900 shares of Zayo Group Holdings stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $32.70, for a total value of $4,999,830.00. Following the completion of the transaction, the chief executive officer now owns 4,608,165 shares in the company, valued at approximately $150,686,995.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, July 26th, Daniel Caruso sold 154,402 shares of Zayo Group Holdings stock. The stock was sold at an average price of $32.38, for a total value of $4,999,536.76.
  • On Wednesday, July 5th, Daniel Caruso sold 11,324 shares of Zayo Group Holdings stock. The stock was sold at an average price of $30.58, for a total value of $346,287.92.
  • On Thursday, July 6th, Daniel Caruso sold 101,840 shares of Zayo Group Holdings stock. The stock was sold at an average price of $30.30, for a total value of $3,085,752.00.
  • On Monday, June 12th, Daniel Caruso sold 49,868 shares of Zayo Group Holdings stock. The stock was sold at an average price of $32.03, for a total value of $1,597,272.04.

Shares of Zayo Group Holdings, Inc. (NYSE ZAYO) traded down 1.02% during trading on Friday, hitting $33.82. The stock had a trading volume of 1,957,694 shares. The stock’s 50 day moving average is $31.76 and its 200-day moving average is $32.27. The company has a market cap of $8.31 billion, a PE ratio of 260.15 and a beta of 0.56. Zayo Group Holdings, Inc. has a 12-month low of $27.74 and a 12-month high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. Zayo Group Holdings had a net margin of 1.53% and a return on equity of 5.47%. The business had revenue of $550.20 million for the quarter, compared to the consensus estimate of $545.63 million. During the same period in the prior year, the business posted ($0.08) earnings per share. Zayo Group Holdings’s revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts forecast that Zayo Group Holdings, Inc. will post $0.39 earnings per share for the current year.

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ZAYO has been the subject of a number of research reports. J P Morgan Chase & Co downgraded Zayo Group Holdings from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $36.00 in a report on Wednesday, May 10th. Pacific Crest reissued an “equal weight” rating on shares of Zayo Group Holdings in a report on Friday, June 23rd. BidaskClub raised Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Friday. Goldman Sachs Group, Inc. (The) downgraded Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a report on Friday, May 19th. Finally, Zacks Investment Research raised Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Zayo Group Holdings has a consensus rating of “Hold” and a consensus price target of $37.85.

Institutional investors have recently bought and sold shares of the company. Global Endowment Management LP increased its position in Zayo Group Holdings by 8.1% in the second quarter. Global Endowment Management LP now owns 8,010 shares of the technology company’s stock worth $247,000 after buying an additional 600 shares during the period. Dimensional Fund Advisors LP increased its position in Zayo Group Holdings by 44.9% in the second quarter. Dimensional Fund Advisors LP now owns 794,031 shares of the technology company’s stock valued at $24,536,000 after buying an additional 246,126 shares during the last quarter. Columbus Hill Capital Management L.P. increased its position in Zayo Group Holdings by 36.8% in the second quarter. Columbus Hill Capital Management L.P. now owns 519,725 shares of the technology company’s stock valued at $16,060,000 after buying an additional 139,725 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Zayo Group Holdings during the second quarter valued at approximately $13,130,000. Finally, Parametric Portfolio Associates LLC increased its position in Zayo Group Holdings by 90.0% in the second quarter. Parametric Portfolio Associates LLC now owns 299,898 shares of the technology company’s stock valued at $9,267,000 after buying an additional 142,082 shares during the last quarter. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Zayo Group Holdings 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 Holdings (NYSE:ZAYO)

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