Richard W. Connor Sells 1,091 Shares of Zayo Group Holdings Inc (ZAYO) Stock

Zayo Group Holdings Inc (NYSE:ZAYO) Director Richard W. Connor sold 1,091 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.76, for a total value of $40,105.16. Following the completion of the transaction, the director now directly owns 147,169 shares in the company, valued at $5,409,932.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Zayo Group Holdings Inc (ZAYO) traded down $0.07 during midday trading on Friday, hitting $36.30. The stock had a trading volume of 1,488,400 shares, compared to its average volume of 1,638,900. The company has a market cap of $8,996.68, a P/E ratio of 98.11, a P/E/G ratio of 14.80 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group Holdings Inc has a 52-week low of $29.30 and a 52-week high of $37.26.

A number of analysts have issued reports on the company. Moffett Nathanson reaffirmed a “neutral” rating and issued a $39.00 price objective (up previously from $34.00) on shares of Zayo Group in a research note on Thursday, September 28th. BidaskClub downgraded Zayo Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Zayo Group in a research note on Thursday, December 7th. TheStreet raised Zayo Group from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Finally, Cowen reaffirmed a “buy” rating on shares of Zayo Group in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Zayo Group has a consensus rating of “Hold” and a consensus target price of $39.46.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. increased its position in shares of Zayo Group by 2,600.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,250 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Zayo Group during the 2nd quarter valued at approximately $142,000. Rehmann Capital Advisory Group bought a new position in shares of Zayo Group during the 3rd quarter valued at approximately $212,000. Cadence Capital Management LLC bought a new position in shares of Zayo Group during the 3rd quarter valued at approximately $232,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Zayo Group in the 3rd quarter valued at $235,000. 84.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Zayo Group

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 (NYSE:ZAYO)

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