Zayo Group Holdings Inc. (NYSE:ZAYO) COO Christopher Morley sold 3,561 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $29.64, for a total transaction of $105,548.04. Following the transaction, the chief operating officer now directly owns 489,895 shares in the company, valued at $14,520,487.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Christopher Morley also recently made the following trade(s):
- On Tuesday, October 4th, Christopher Morley sold 25,000 shares of Zayo Group Holdings stock. The shares were sold at an average price of $30.01, for a total transaction of $750,250.00.
Shares of Zayo Group Holdings Inc. (NYSE:ZAYO) opened at 30.93 on Friday. Zayo Group Holdings Inc. has a 12 month low of $19.59 and a 12 month high of $31.08. The firm’s 50 day moving average is $29.48 and its 200-day moving average is $27.64. The firm’s market capitalization is $7.51 billion.
Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Thursday, August 25th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $507.30 million for the quarter, compared to analyst estimates of $498.62 million. Zayo Group Holdings had a negative net margin of 4.43% and a negative return on equity of 3.44%. Zayo Group Holdings’s revenue for the quarter was up 40.2% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. On average, analysts expect that Zayo Group Holdings Inc. will post $0.26 EPS for the current fiscal year.
ZAYO has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Zayo Group Holdings in a report on Sunday, July 24th. Oppenheimer Holdings Inc. increased their price objective on shares of Zayo Group Holdings from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, August 30th. Zacks Investment Research raised shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. William Blair reissued an “outperform” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. Finally, FBR & Co reissued a “hold” rating on shares of Zayo Group Holdings in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.15.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of Zayo Group Holdings by 93.4% in the second quarter. FMR LLC now owns 3,376,639 shares of the company’s stock worth $94,310,000 after buying an additional 1,630,339 shares during the period. Bank of Montreal Can acquired a new position in shares of Zayo Group Holdings during the second quarter worth approximately $37,513,000. Brookside Capital Management LLC raised its position in shares of Zayo Group Holdings by 60.5% in the first quarter. Brookside Capital Management LLC now owns 3,190,992 shares of the company’s stock worth $77,350,000 after buying an additional 1,202,747 shares during the period. Vanguard Group Inc. raised its position in shares of Zayo Group Holdings by 12.0% in the second quarter. Vanguard Group Inc. now owns 8,489,965 shares of the company’s stock worth $237,125,000 after buying an additional 910,959 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Zayo Group Holdings by 3,520.3% in the second quarter. Royal Bank of Canada now owns 874,629 shares of the company’s stock worth $24,427,000 after buying an additional 850,470 shares during the period. 57.46% of the stock is currently owned by institutional investors.
About Zayo Group Holdings
Zayo Group Holdings, Inc is a provider of bandwidth infrastructure in the United States and Europe. The Company’s products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings.
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