Insider Selling: Zayo Group Holdings Inc (ZAYO) CEO Sells $2,238,417.00 in Stock

Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 63,054 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $35.50, for a total value of $2,238,417.00. Following the completion of the sale, the chief executive officer now directly owns 3,769,274 shares of the company’s stock, valued at $133,809,227. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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  • On Monday, March 19th, Daniel Caruso sold 189,409 shares of Zayo Group stock. The stock was sold at an average price of $35.74, for a total value of $6,769,477.66.
  • On Monday, March 12th, Daniel Caruso sold 26,332 shares of Zayo Group stock. The stock was sold at an average price of $37.70, for a total value of $992,716.40.
  • On Monday, February 26th, Daniel Caruso sold 133,888 shares of Zayo Group stock. The stock was sold at an average price of $36.00, for a total value of $4,819,968.00.
  • On Tuesday, February 20th, Daniel Caruso sold 119,352 shares of Zayo Group stock. The stock was sold at an average price of $37.70, for a total value of $4,499,570.40.
  • On Thursday, February 8th, Daniel Caruso sold 17,950 shares of Zayo Group stock. The stock was sold at an average price of $37.76, for a total value of $677,792.00.
  • On Wednesday, January 17th, Daniel Caruso sold 123,738 shares of Zayo Group stock. The stock was sold at an average price of $36.80, for a total value of $4,553,558.40.
  • On Friday, January 12th, Daniel Caruso sold 12,500 shares of Zayo Group stock. The stock was sold at an average price of $36.70, for a total value of $458,750.00.
  • On Monday, January 8th, Daniel Caruso sold 87,741 shares of Zayo Group stock. The stock was sold at an average price of $36.05, for a total value of $3,163,063.05.
  • On Tuesday, January 2nd, Daniel Caruso sold 17,723 shares of Zayo Group stock. The stock was sold at an average price of $36.39, for a total value of $644,939.97.

Shares of Zayo Group Holdings Inc (NYSE ZAYO) traded down $1.20 during trading hours on Friday, hitting $33.74. The company had a trading volume of 2,608,038 shares, compared to its average volume of 1,977,925. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.73. The firm has a market cap of $8,798.83, a P/E ratio of 99.24, a price-to-earnings-growth ratio of 18.60 and a beta of 0.49. Zayo Group Holdings Inc has a 1 year low of $29.73 and a 1 year high of $37.95.

Zayo Group (NYSE:ZAYO) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. The firm had revenue of $653.50 million during the quarter, compared to the consensus estimate of $650.79 million. Zayo Group had a return on equity of 10.19% and a net margin of 3.42%. sell-side analysts expect that Zayo Group Holdings Inc will post 0.38 EPS for the current year.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Zayo Group by 8.0% during the 4th quarter. BlackRock Inc. now owns 12,094,964 shares of the technology company’s stock valued at $445,095,000 after acquiring an additional 900,414 shares during the period. Carmignac Gestion boosted its holdings in Zayo Group by 6.7% during the 3rd quarter. Carmignac Gestion now owns 5,196,674 shares of the technology company’s stock valued at $178,870,000 after acquiring an additional 328,486 shares during the period. Jana Partners LLC boosted its holdings in Zayo Group by 48.0% during the 3rd quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock valued at $143,738,000 after acquiring an additional 1,353,775 shares during the period. USS Investment Management Ltd boosted its holdings in Zayo Group by 46.3% during the 4th quarter. USS Investment Management Ltd now owns 3,000,000 shares of the technology company’s stock valued at $110,415,000 after acquiring an additional 950,000 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Zayo Group by 0.9% during the 4th quarter. Deutsche Bank AG now owns 2,401,328 shares of the technology company’s stock valued at $88,360,000 after acquiring an additional 21,744 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on ZAYO. Royal Bank of Canada reaffirmed a “buy” rating on shares of Zayo Group in a research note on Friday, February 9th. SunTrust Banks raised their target price on Zayo Group to $45.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays reaffirmed a “buy” rating and issued a $41.00 target price on shares of Zayo Group in a research note on Friday, January 19th. Morgan Stanley raised Zayo Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $33.00 to $40.00 in a research note on Tuesday, December 12th. Finally, Citigroup reaffirmed a “buy” rating on shares of Zayo Group in a research note on Thursday, December 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.70.

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Zayo Group 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 (NYSE:ZAYO)

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