Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 17,950 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $37.76, for a total value of $677,792.00. Following the transaction, the chief executive officer now directly owns 4,274,654 shares in the company, valued at approximately $161,410,935.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Daniel Caruso also recently made the following trade(s):
- On Wednesday, January 17th, Daniel Caruso sold 123,738 shares of Zayo Group stock. The shares were 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 shares were 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 shares were 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 shares were 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 $0.15 during midday trading on Monday, reaching $37.31. 2,778,800 shares of the company’s stock were exchanged, compared to its average volume of 1,820,358. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.73. Zayo Group Holdings Inc has a 1 year low of $29.73 and a 1 year high of $37.95. The company has a market capitalization of $9,255.27, a PE ratio of 62.18, a P/E/G ratio of 19.56 and a beta of 0.47.
Zayo Group (NYSE:ZAYO) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.10. The company had revenue of $653.50 million for the quarter, compared to analysts’ expectations of $650.79 million. Zayo Group had a return on equity of 10.19% and a net margin of 3.42%. research analysts anticipate that Zayo Group Holdings Inc will post 0.38 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZAYO. Thompson Davis & CO. Inc. raised its holdings in shares of Zayo Group by 2,600.0% during the third quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock valued at $116,000 after buying an additional 3,250 shares during the last quarter. Cerebellum GP LLC acquired a new position in Zayo Group in the fourth quarter worth approximately $126,000. SG Americas Securities LLC acquired a new position in Zayo Group in the fourth quarter worth approximately $141,000. Mutual of America Capital Management LLC purchased a new position in Zayo Group during the 2nd quarter worth approximately $142,000. Finally, American International Group Inc. purchased a new position in Zayo Group during the 4th quarter worth approximately $162,000. 85.69% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on the stock. Oppenheimer reaffirmed a “buy” rating and set a $42.00 price target on shares of Zayo Group in a research report on Tuesday, November 7th. Morgan Stanley raised shares of Zayo Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $33.00 to $40.00 in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. TheStreet cut shares of Zayo Group from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Zayo Group in a research report on Thursday, December 14th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $41.09.
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.
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