Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso Sells 8,141 Shares

Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 8,141 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $33.75, for a total transaction of $274,758.75. Following the sale, the chief executive officer now owns 372,406 shares in the company, valued at approximately $12,568,702.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Thursday, June 13th, Daniel Caruso sold 432,200 shares of Zayo Group stock. The shares were sold at an average price of $32.65, for a total transaction of $14,111,330.00.
  • 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 transaction of $9,642,779.00.

Zayo Group stock traded up $0.06 during mid-day trading on Friday, reaching $33.82. The stock had a trading volume of 1,822,896 shares, compared to its average volume of 2,909,970. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 54.55, a PEG ratio of 9.59 and a beta of 0.77. The company has a 50-day moving average price of $33.72 and a two-hundred day moving average price of $31.50. Zayo Group Holdings Inc has a one year low of $20.27 and a one year high of $35.68. The company has a debt-to-equity ratio of 4.84, a current ratio of 0.83 and a quick ratio of 0.83.

Zayo Group (NYSE:ZAYO) last announced its quarterly earnings results on Wednesday, August 21st. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.11. The company had revenue of $650.60 million for the quarter, compared to analysts’ expectations of $642.86 million. Zayo Group had a net margin of 5.82% and a return on equity of 11.30%. Zayo Group’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. On average, equities research analysts anticipate that Zayo Group Holdings Inc will post 0.7 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC raised its position in Zayo Group by 138.5% in the 1st quarter. Advisory Services Network LLC now owns 992 shares of the technology company’s stock worth $28,000 after buying an additional 576 shares during the last quarter. Captrust Financial Advisors raised its position in Zayo Group by 8,400.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,700 shares of the technology company’s stock worth $56,000 after buying an additional 1,680 shares during the last quarter. Strs Ohio increased its position in shares of Zayo Group by 28.0% during the 1st quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock valued at $78,000 after purchasing an additional 604 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Zayo Group by 1,100.5% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,365 shares of the technology company’s stock valued at $78,000 after purchasing an additional 2,168 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Zayo Group during the 1st quarter valued at about $90,000. Institutional investors own 90.10% of the company’s stock.

A number of brokerages have recently commented on ZAYO. Raymond James cut shares of Zayo Group from an “outperform” rating to a “market perform” rating and set a $32.74 target price on the stock. in a report on Wednesday, May 22nd. ValuEngine cut shares of Zayo Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Cowen cut shares of Zayo Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $37.00 to $35.00 in a report on Wednesday, May 15th. SunTrust Banks cut shares of Zayo Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Finally, Citigroup cut shares of Zayo Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $35.00 in a report on Thursday, May 16th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.85.

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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Insider Buying and Selling by Quarter for Zayo Group (NYSE:ZAYO)

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