Zayo Group Holdings Inc (NYSE:ZAYO) CEO Sells $21,476,964.60 in Stock

Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 655,585 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $32.76, for a total value of $21,476,964.60. Following the sale, the chief executive officer now directly owns 380,547 shares in the company, valued at $12,466,719.72. The sale 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 Tuesday, June 11th, Daniel Caruso sold 294,436 shares of Zayo Group stock. The shares were sold at an average price of $32.75, for a total value of $9,642,779.00.

Shares of NYSE:ZAYO traded down $0.04 during trading on Friday, reaching $32.60. 2,586,400 shares of the company’s stock traded hands, compared to its average volume of 5,807,621. The stock has a market capitalization of $7.68 billion, a PE ratio of 53.44, a price-to-earnings-growth ratio of 13.16 and a beta of 0.82. Zayo Group Holdings Inc has a fifty-two week low of $20.27 and a fifty-two week high of $39.66. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.84.

Zayo Group (NYSE:ZAYO) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Zayo Group had a net margin of 5.06% and a return on equity of 9.56%. The company had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $639.98 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts expect that Zayo Group Holdings Inc will post 0.5 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its stake in shares of Zayo Group by 14.5% in the third quarter. TIAA CREF Investment Management LLC now owns 1,058,930 shares of the technology company’s stock worth $36,766,000 after acquiring an additional 134,332 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Zayo Group by 50.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 15,000 shares of the technology company’s stock worth $343,000 after purchasing an additional 5,000 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Zayo Group by 85.5% during the 4th quarter. Gabelli Funds LLC now owns 80,500 shares of the technology company’s stock worth $1,839,000 after purchasing an additional 37,100 shares during the last quarter. KBC Group NV lifted its position in shares of Zayo Group by 24.9% during the 4th quarter. KBC Group NV now owns 89,361 shares of the technology company’s stock worth $2,041,000 after purchasing an additional 17,788 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Zayo Group by 66.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 35,574 shares of the technology company’s stock worth $813,000 after purchasing an additional 14,200 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

A number of research firms have recently commented on ZAYO. Raymond James cut Zayo Group from an “outperform” rating to a “market perform” rating and set a $32.74 target price on the stock. in a research note on Wednesday, May 22nd. SunTrust Banks lowered Zayo Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Citigroup lowered Zayo Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $38.00 to $35.00 in a report on Thursday, May 16th. Cowen lowered Zayo Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $37.00 to $35.00 in a report on Wednesday, May 15th. Finally, William Blair lowered Zayo Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 9th. Thirteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $35.02.

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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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